
The ES E-mini S&P 500 Futures are exhibiting a complex multi-timeframe structure. Price action is strong with large bars and fast momentum, but the short-term (weekly) and intermediate-term (monthly) Fib grid trends are both down, with price trading below their respective NTZ/F0% levels. This is confirmed by the short-term swing pivot trend (DTrend), suggesting recent downside pressure and a possible retracement or correction phase. However, the intermediate-term HiLo trend remains up, indicating that the broader swing structure is still intact. Long-term (yearly) metrics remain bullish, with price above the yearly NTZ/F0% and all major moving averages trending upward, reflecting a persistent uptrend in the bigger picture. Resistance is layered above at 6543.00, 6744.25, 6784.75, 6872.00, and 6959.75, while support is found at 6261.62, 6185.50, 5182.50, and 4135.75. Recent trade signals show mixed activity, with both short and long entries triggered, highlighting the choppy and volatile nature of the current environment. Overall, the market is experiencing a short-term pullback within a long-term uptrend. Swing traders should note the potential for further consolidation or corrective action in the near term, while the underlying bullish structure remains intact on higher timeframes. The interplay between short-term weakness and long-term strength suggests a market in transition, possibly setting up for the next directional move once the current retracement resolves.