
The S&P 500 E-mini futures ($ES_F) have shown a strong upward trend following the breakout of a two-week bull flag on November 24, with a measured move target set at 6220. Analysts are observing the formation of a megaphone pattern with key levels between 6066 and 6117, and a mid-pivot at 6081. If the market fails to hold above 6066, potential sell targets are identified at 6045 and 6019. The upcoming week, December 9-13, will focus on the double distribution profile established last week, particularly the upper distribution after a gap higher. Analysts suggest that breaking above the resistance zone of 6120-6125 is crucial for testing higher levels, with pivotal strikes at 6158 and 6170. The current all-time high (ATH) is noted at 6111, which is considered poorly auctioned, indicating that further price action may be needed to establish a more robust high.










$ES Daily Plan | December 9 As discussed in the Weekly Plan, higher prices continue to be accepted, keeping buyers in control of the auction. The current ATH at 6111 is poor and lacks excess, suggesting it is not a well-auctioned high and should be carried forward. In terms of… https://t.co/ykUApvjSDG
Look at the Weekly Distribution for ES and then look at Daly VIX at 5 Hour 3 in low volatility. You guys just have a glimpse at the power of time and price and JATS measuring ranges accurately. There's a lot you can do. https://t.co/2ZgsrcY1MM
$ES Daily Spreads https://t.co/KfsNeA8KRQ