Bearish to kick off 2026E-mini S&P 500 FuturesCME_MINI:ES1!Trend_ChasinOn the Daily chart we are rather choppy, multiple breaks to the upside and downside, indicative of distribution once multiple breaks to the downside are confirmed on Medium TFs On the 3D we have had 6 consecutives breaks to the upside, It is extremely rare to get 7, and given the back and forth on the Daily, weak to strong hand transfers, I think the odds are better than not, that at the bare minimum we either break down finally on this timeframe to re-accumulate before moving higher, or just all out get a change of trend leading to multiple breaks to the downside On the 2 hour, looking at the weekly profiles, it looks like we had multiple accumulations on the last move up, a building of a short position, we broke structure once to the downside, got in a last accumulation, and have entered markdown. Like I said, I am not saying that trend has changed, but I do believe we are going to at least break 3D structure at 6770's, at which point we can make a further determination I am looking for an early rally next week, into PD value before continuing the down move. I will be looking for short entries above 6910 and layering up to 6930 Invalidation above 6935