ES Maven | Breakout Confirmed — Next Stop, All-Time Highs?

After several days of compression, the E-mini S&P finally made its move.

ES pushed through the short-term range today and reclaimed our 7,717.85 bullish-above level, putting buyers back in control and opening the door for another run toward the all-time high at 7,838.50.

This is exactly what we were waiting for.

The market spent several sessions coiling around the 10 EMA and 21 SMA, refusing to break down despite plenty of opportunities for sellers to take control. More importantly, our minor support at 7,657.75 held. Buyers defended the zone, ES built a higher low, and now price is beginning to expand out of that consolidation.

Technically, the structure remains bullish. We continue to have a rising trend, price is back above the short-term moving averages, and today’s breakout gives us the first indication that momentum may be ready to return.

Bullish above: 7,717.85

As long as ES remains above that level, I’m looking for continuation toward 7,800, followed by a retest of the 7,838.50 all-time high.

A clean breakout above 7,838.50 puts ES right back into price discovery—and that’s where things could get interesting very quickly. Above the ATH, 7,880 becomes the next technical objective, with 8,000 remaining the larger psychological target.

On the downside, 7,657.75 remains minor support. Losing that level would weaken today’s breakout and put the moving-average cluster back into play.

But right now?

The bulls have the ball.

We waited through the chop. We waited through the inside days. We waited for price to show its hand.

Now the breakout is here, and the all-time high is directly ahead.

Let’s see if the bulls finish the job.

Trade Happy. Risk Wisely.

Anka Metcalf
CEO/Founder