Larger TF ES- By The Numbers E-mini S&P 500 FuturesCME_MINI:ES1!iSovereign3M Bearish interim rotation r1 at 7011 s1 at 6341, DMI also pending bear 1M Bearish Interim rotation with price below r1 at 6950 and r2 at 7133, DMI also pending bearish rotation, Macro bullish above s1 at 6271 and bearish if it breaks below, with s2 at 5718 feasible within 2026 range. 4H interim bullish if it can hold above 6783 with feasible push to 4h macro r1 @ 6864, if not 6850-6940’s, roughly interim r1 and macro r1 on 1d. Admittedly, it’s a lot, but there’s a lot going on. CORE THESIS: The bullish rotation on 4h to wkly box at 6890’s - 6950 or monthly box at 6930 - 7030, is a set up to sell strength. Rallies definitely feasible but tempered expectations for upside is not only cautioned by higher tf structure and technicals, but tactically sound given the elevated vola and erratic nature of current geopolitics. Rotation is a feature, not a flaw - the market is opportunity and the US holds 48-52% of that global cap. What that means is that 1 out of every 2 dollars invested in public equities globally is in a U.S. company. Global market cap roughly $105 - $115 trillion and of that, US equities are about $50-60 trillion, and the rest of the world comes in at about $50-55 trillion. These stats highlight the relevance of global events to US markets - and the rotations gifted to the 48-52% of global capital vested here, because of them. Liquidity flows in and out of US assets first, and with US companies only making up 10% of globally listed companies but representing 50% of total equity value, buy interest is not one of our worries. Downside pivs for the month, the quarter and even a little beyond 2026 buy box — all listed. I also have upsides, along with 2026 sell box but will publish after range into Q1 - Q3 box. If it rallies beforehand, passive rotation downside to macro s1 on 3M still highly probable - and chart shows pivs enroute. More fun to run it upside after the public gets a chance to position as well, yah? Appreciate the risk.