S&P500 E-mini Levels For 1/2/2025

$ES_F Analysis & Game Plan

Big Picture: Bias is Bullish, Market In Upward Channel From October 2023 Low, $VIX Below 20 (complacency)

• Today´s Pivot is 5945

Happy New Year! After the bottom of the prior 4-Day Balance was broken on Monday, the ES market moved decisively toward the downside targets outlined in the Sunday Post. The market attempted to re-enter the Balance range but failed, triggering a selloff in the afternoon. A similar scenario unfolded on Tuesday, with the market making another attempt to re-enter the Balance range but once again failing. This failure led to another selloff, pushing prices closer to the final target for the week. The price action in the first half of the week clearly underscores that the Sellers remain firmly in control.