ES 2026 Outlook using DG

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ES 2026 Outlook using DGE-mini S&P 500 FuturesCME_MINI_DL:ES1!JordanMT - Where is price? Price is in exhaust area (above Area6), above the upcoming 2026 ETOP. Direction is up, slope is up, price is in a c-wave up, strong up flow as the candle range is bigger than the previous one (2024) and the close is not far from the high. Price is in a powerful trend up since 2010 where that year was a congestion entrance candle. - What is it doing? This year’s candle found support arround the yearly static PLdot and pushed price higher (Textbook trend continuation; PLdot acts as a springboard). This is a classical PLdot refresh at the PLdot area and the energy there pushed price higher. - What is next? Price will open in Area5 of 2026, and after a strong push up, normally a refresh around the static yearly ETOP is probable which act as a support. Price is a bit extended and Area6 of 2027 should probably hold. Another possibility is the fact that the PLdot slope (blue line) has moved to the left (up) which could indicate an exhaust (dot has opened up), when the slope is compared with the slope of the previous years PLdots. In this case Area 6 should be strong resistance, Area5 should hold and price should go back in the envelope. Always remember to pay atention to the timeframe - this candle takes 12 months to form, so this is long term view