$ES #ES #trading setup #Elliott Wave
5,715 is a very important support because this is where a drop can complete a subwave -c- of wave (b) down. That bullish wave count allows bulls to start another leg up to the Red Box. A break under 5,725 followed by a swift recovery back over that level would trigger a bullish failed breakdown long setup:

ES-mini Daily chart
However, if bears push ES mini under 5,825 and defend that broken-support-turned-resistance level, that would open the door for additional 250 pts move down to 5,470.
In both cases the macro wave count allows bulls to produce another large leg up over 6,100 later this year or early next year.