ES Fails to Break ATH – Possible Reversal Ahead?

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snapshot

The S&P 500 futures (ES) made another attempt at the all-time high but failed to push through. This rejection at resistance could signal potential exhaustion from buyers.

Key points I’m watching:

Strong rejection at ATH zone.

Momentum slowing on shorter timeframes.

Increased selling pressure in the last few sessions.

Potential for a pullback toward recent support levels.

If sellers step in with volume, we could see a healthy correction before any new ATH attempt. On the flip side, a strong breakout above this level with sustained buying could invalidate the short bias.

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