Here on the weekly chart of the ES I have come up with 2 scenarios that I believe have a high chance of playing out. Both of which involve ES coming down to 2750 area and both of which involve a massive bull run in 2025.
Scenario 1 I have a massive sell off to start the year followed by a range bound market down at the covid lows/ major demand/ channel bottom

Scenario 2 I have a bear fakeout channel break to retest the 4800 for a double top before the real crash followed by a massive bull run for 5000

I believe next week's CPI will determine what will happen
Scenario 1 I have a massive sell off to start the year followed by a range bound market down at the covid lows/ major demand/ channel bottom
Scenario 2 I have a bear fakeout channel break to retest the 4800 for a double top before the real crash followed by a massive bull run for 5000
I believe next week's CPI will determine what will happen
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