%% I'm glad you asked your ''top area'' today question; with 17 minutes 'till close/good timing . Those 3 x inverse ETFs mountain + valley trend =quick.......................................................................
You are showing a monthly chart of a continuous contract that doesn’t trade on any market as proof of something I don’t know what. I trade the ES current quarter contract short-term and intraday. I find that is best done with a neutral bias and most days I trade both long and short. Maybe I misunderstood what you meant by ES being a “long only” market. It does sound stupid, however. Index futures are derivative of the stock market but unlike stocks they expire quarterly, are zero-sum, and do not have a built-in long bias. In any case, I’m not here to set anyone straight. Usually I don’t post and I read this thread for the unintentional humor. Carry on.
Below is a screenshot of the SP cash market. A long-only market is a market that you can trade long only and do very well. It is much more difficult to short a long-only market. It has occasional short bursts, but the vast majority of the time SP/ES is trending higher.
Lol, so this was you! That's happened to me on rare occasion, getting the last price print of the day. Love that!