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, […]
ES Weekend
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 […]
May 17, 2026
ES Weekend May 17
Weekly Pivot: 7392-7402ES Expected Move: 134pts Markets come into the week at an important short-term decision point. The larger picture remains constructive, with intermediate and higher timeframes still bullish, but Friday’s weakness was enough to bring the daily timeframe back to balance and force a more two-sided setup into the […]
May 10, 2026
ES Weekend May 10
WK Pivot: 7340-52Upside Pivot: 7428-32Intraday Pivot: 7383.89Expected Move: 111ptsBull Gap: 7300-7327.25 Markets continue to operate from a position of broad structural strength, and I want to reiterate that before getting lost in the week-to-week noise. ES remains in price discovery after a multi-month balance break to the upside, and until […]
May 3, 2026
ES Weekend May 3
Markets come into the week with ES still firmly in bullish structure, but now with at least one early sign that this directional leg may be nearing a decision point. Buyers were clearly in control again last week. Sellers had multiple opportunities to gain traction and failed badly. Even when […]