Today's lower low and lower close below the 18-day SMA has firmly set a down trending wave in motion as per the March 2026 ES Daily chart, below. This occurred after prices initially rose overnight to the underside of the line-in-the-sand before falling off.
The next target on the chart would be the combination of the lower Bollinger Band and the 100-day SMA. The daily slow stochastic has quickly moved from embedded higher, to over-sold. The hourly count looks like this at present.
It's a bit too early to say whether an impulse is forming or not.
Have an excellent start to the evening,
TraderJoe
A classic B double top and down we go. http://icecream.me/741673b4b8c2a7f355cd4499644f0db9
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