After the 12.5% price decline, from 4810 to 4211, ES hit the support of the measured move going from the beginning of March 2021 to the days of Santa rally. Now, ES is going up again, having resistance the zone between 4500-4600. If ES breaks the resistance, we could see new ATHs around 5k before next March, when it is supposed that interest rates will increase. Otherwise, ES may hit 4060, near the support around 4020. If ES revisits the zone below 4050, we could see a pending gap filling.
