ES where?📉 ES1! - S&P 500 E-mini Futures (Daily)
We’re approaching a critical point on the long-term trendline.
🟠 Price has bounced sharply after a steep pullback, reacting right at the dynamic support that’s held since the 2022 lows.
🟢 Two possible scenarios:
Bullish Continuation: support holds, the index regains momentum and pushes back toward the highs.
Bearish Breakdown: trendline breaks, signaling a potential structural shift with downside targets possibly below 4000.
📊 Momentum indicator is in extreme territory → wait for confirmation, don’t anticipate.