$ES #milestone support #breakdown
the bearish Head and Shoulders reversal pattern produced decline down to the monthly support:

Monthly Levels for January 2026
6,856 is a “milestone support”, a critical level that divides bull market from a bear market.
If bulls manage to defend that level they will save the bullish setup and opportunity to ride another large impulsive leg up:

ES-mini Daily chart
Break under 6,856 would turn the intramonth trend bearish and allow bears to test Monthly S1 level at 6,742.