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ES1! - IMPENDING DOOM OR BACK INTO A RALLY!?

S&P 500 E-mini Futures (CME_MINI:ES1!)  
pisaniello  
CME_MINI:ES1!   S&P 500 E-mini Futures
Trend Analysis Chart Patterns S&P 500 E-Mini Futures S&P 500 (SPX500)
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trendanalysis chartpattern es1! spx500
Here we have the ES1! on a 2 hr chart.

ES1! just tested key downtrend channel resistance at 2642 and failed to break through.
It may test this trendline again throughout the day.

If it can't break through, look for a re-test of the uptrend support channel at 2594.

If price breaks through the 2594 level, I expect a drop to the support area shown.

Happy Charting!

~KP
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