$ES #ES-mini
It has been a persistent theme to see weakness on Friday morning. Its like a repeating low-low cycle that has been intact for several weeks.

ES-mini 15 min cycle
Bulls just can not start a rally despite a decent long setup.
The up trending market normally spends 85% of the time over the broken resistance.
This is why its crucially important for bulls to hold ES over the broken red resistance 6,850. Break under 6,850 would be a very serious warning for bulls:

ES-mini 30 min chart
Bulls attempted to break the monhly resistance 6,873.25 overnight. New price slipped back under that level. So far bears did not make any achievements to make us doubt the bullish scenario.
As you can see on the chart of SPX seasonality below, quite often S&P pops during first week of December and then consolidates until the mid month. We are watching that consolidation now. Normally, the second part of December brings us the Christmas rally.
