The S&P 500 futures (#ES_F) experienced a notable rally starting from a failed breakdown at 6344 last Thursday, with key targets of 6415 and 6429 reached precisely, including an exact overnight high of 6429. Throughout the trading sessions on August 11 and 12, the 6410 level acted as a critical support, holding multiple times and serving as a pivot for subsequent price movements. The market structure formed a flag pattern between 6410 and 6429, with additional upside targets at 6433, 6439, and a bonus target of 6450-6452. The futures briefly tested below 6410 but recovered, demonstrating typical failed breakdown and trap dynamics. On August 12, a long entry was triggered around 6397-6403, leading to the achievement of targets at 6410, 6420, 6429, 6439, and 6452, with the market reaching new all-time highs. Market commentary noted a short-term neutral bias with resistance between 6423 and 6435.25, requiring a breakout above this zone for bullish confirmation. Following the release of CPI data, S&P 500 futures rose by 30 points, testing the 6400 level and setting the stage for a potential stronger breakout toward 6420 and 6450. Support levels to watch include 6410, 6394, and 6387, with dips below 6372 signaling potential weakness.