ES is developing a bear flag on the 4h there's upside to 2025 looks like this bull flag since november will be broken to the downside and support would be low to mid 1900s
The failure swing on monthly chart below ath is the issue, that being macro TA will (ought to) ultimately pull all lower time frames. That's my 2c.
i don't think it will go any much lower this month at least, discounting a black swan oil is in a megaphone pattern and it's at the bottom of support right now
Temporary, since it broke below the damn trendline, yet again. Keep in mind that every pundit (or jackass however you see it) that I've heard over the air is all clamoring for $25 per barrel. This might become a self-fulfilling prophecy. That is, if it breaks above $40 first, which I doubt.