ES1 outlookE-mini S&P 500 FuturesCME_MINI:ES1!maanav_ramchandaniES/NQ Outlook – Bearish Continuation Bias: Shifted from early Bullish/Neutral to bearish once ES failed to confirm NQ strength. Correlation cracks lined up with the broader sell-off trend. Macro Sentiment: Risk sentiment remains shaky — Bitcoin pushing toward 93K,recovering from gov-shutdown and no data releases, and inconsistent tech strength keep pressure on indices. Underlying tone remains defensive. ⸻ Market Structure •ES failed Friday’s Value High and rotated back below Friday’s POC. •Now holding under POC, confirming sellers remain in control. •Last session’s Value Low target still untested → unfinished business below. ⸻ Key Downside Targets •PDL: 6,778 •Friday VAL: 6,725 •Main unfinished target: 6,666.5 (untouched value level) ⸻ Plan Going Forward •Bias stays bearish while ES remains below Friday’s value high/poc but seeing interaction with week open.