ES-- I wanted to point out just ahead of today's open, that last eve's new ATH at 3859.75 placed the price structure right in the upper boundary zone of the dominant Nov-Jan. upsloping price channel, which has capped every upmove since 11/10 (see chart)... All eyes on 3860, which if hurdled and sustained, will position ES ABOVE the upper boundary lines, and as such, poised for a potential vertical acceleration (believe it or not).

Conversely, a reversal to the downside from the upper boundary zone that presses beneath 3815/17 will trigger an initial warning signal that ES is vulnerable to a downward traverse across the channel towards 3710/20... Last is 3847.25

1 21 ES 4 Hr 925 GIF
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