Last week delivered an important shift in market character. The issue was not simply that ES declined from an all-time high, it was the speed of the move and the near total absence of meaningful buyer defense. ES rejected 7792-7796 (last Friday’s low) early Monday, cut through the prior week’s […]
ES Weekend
July 26, 2026
ES Weekend July 26
ES enters the final week of July at a critical inflection point. After spending weeks consolidating near the highs, the market is finally attempting to test the lower edge of its intermediate-term structure (7350’s). The broader trend has not yet broken, but the character of the tape has changed enough […]
July 19, 2026
ES Weekend July 19
ES enters the week with sellers holding the near-term edge, but the larger auction remains firmly inside a prolonged higher-timeframe balance. After ten consecutive weeks of consolidation, the market is no longer offering easy directional conviction. Instead, the opportunity lies in reading how price behaves at the edges of balance, […]
July 12, 2026
ES Weekend July 12
After several weeks of consolidation, ES continues to work through a constructive bullish structure. Last week delivered a classic false failed breakout, where sellers briefly appeared to regain control but failed to generate downside follow-through. That failure led to an upside breakout and a move back toward the June highs, […]
July 5, 2026
ES Weekend July 5
This past week was an inside week for ES, which means very little has changed from a higher-timeframe perspective. We remain in an 8+ week balance, and while it is reasonable to view this as bullish consolidation through time, the only thing that truly matters is a confirmed break from […]
June 28, 2026
ES Weekend June 28
ES remains locked in a conflicted market structure. Higher timeframes are still controlled by buyers, intermediate timeframes remain neutral inside a multi-week balance, and shorter timeframes have shifted in favor of sellers. That combination argues for continued two-way trade unless a true liquidation event develops. The priority this week is […]
June 20, 2026
ES Weekend June 21
ES remains locked inside a broad multi-week balance 7247-7649, now extending into its seventh week. This is in addition to the primary 2-week balance we have been tracking. While futures did print a fresh high on a non-back-adjusted basis, the cash index has not confirmed that breakout. That distinction matters. […]
June 13, 2026
ES Weekend June 14
I have moved to ESU2026 (September contracts). Below prices and the shared chart is on the new contract rather than the continuous for this week. Markets head into the week in balance across both the daily and intermediate timeframe, and that is the single most important backdrop to respect. This […]
May 31, 2026
ES Weekend May 31
Markets continue to operate in a clearly bullish regime, and that remains the starting point for this week. May value gapped higher, last week also value gapped higher, and the prior two-week balance broke to the upside. ES may have looked a bit labored at times during the breakout, but […]
May 24, 2026
ES Weekend May 24
2-Week Balance: 7361-7537Weekly Pivot: 7479-7489ES Expected Move: 114ptsGamma Flip: SPX 7311 / ES 7331 (as of Friday) Futures open normally on Sunday and will close early Monday morning. Stocks are closed until Tuesday. Markets head into the week with one dominant feature: a clean two-week balance. That is the big […]