Watching ES for a potential higher low at 5100

Been closely watching the ES futures this week, and the 5100 level has really caught my eye. We've seen some pretty choppy action, but after the dip earlier this week, price bounced pretty nicely from just above that mark. To me, this looks like a potential higher low forming on the daily chart, which could be constructive for a move back towards the recent highs around 5180-5200.

Of course, the risk to this scenario is pretty clear: a sustained break and close below 5100. If we start seeing candles close comfortably under that level, especially on higher volume, then my conviction for a higher low would be invalidated. At that point, I'd be looking for a potential retest of the 5050 area, or even the 5000 psychological level. Always got to have that line in the sand, especially in this market.