Friday’s trade produced a new all time high in the ES at 4723.50 followed by a quick $49 drop and that was all in the Globex session. The U.S. session was a mixed bag with upside tendencies to close out the November monthly expiration cycle.  The current Elliott count also presents a mixed bag 0r an 50/50 probability of producing a strong upside move to new highs or a strong downside move with a break below 4668 in the cards.  Under an Elliott view – the ES is either getting ready to break higher in a 3rd wave up — the break lower in a 3 of 3 wave down.  I also cover resistance and support areas for both directions.  A sideways move would suggest continued consolidation before the decision on direction is known.