$ES: Holding On the Brink of a Breakdown

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$ES #breakout #breakdown

As I noted in my weekend update posted on Sunday, bulls need to break over the Monthly Resistance 6,931.25 (for Mar’26 contract) or 6,873.25 (for Dec’25 contract).

This morning bulls tested the Monthly Resistance and failed to break over that level. As I keep teaching you, failure of bulls to break over a resistance almost always triggers a drop down to the nearest support. And we got a quick drop down to the green monthly support 6,864.50 (for Mar’26 contract).

ES-mini 120 min chart

So far bulls have been holding over the monthly support and by doing that they keep live the bullish setup.

This afternoon we have got fresh weekly levels:

Weekly Levels for ES-mini futures (Mar’26 contract)

Here we should watch the plan B to get triggered: a breakdown scenario.

Break under 6,806.25 (for Dec’25 contract) or 6,864.25 (the Mar’26 contract) will most likely trigger a drop down to 6,796 (Mar’26 contract).

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