ES E-mini S&P 500 Futures Weekly Chart Analysis: 2026-Jan-21 07:08 CT

Price Action

• Last: 6825.25,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: -84%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: -29%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: -15%
• F0%/NTZ' Bias: Price Below,
• YSFG Trend: Down.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: Neutral,
• 3. Pvt. Evolve: Pvt high 6848.87,
• 4. Pvt. Next: Pvt low 6170.83,
• 5. Levels R: 6848.87, 6805.25, 6693.25, 6605.25, 6468.87,
• 6. Levels S: 6170.83, 5524.25, 5444.25, 4195.50.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 6830.25 Down Trend,
• (Intermediate-Term) 10 Week: 6835.75 Down Trend,
• (Long-Term) 20 Week: 6840.75 Down Trend,
• (Long-Term) 55 Week: 6468.75 Up Trend,
• (Long-Term) 100 Week: 6170.75 Up Trend,
• (Long-Term) 200 Week: 5511.97 Up Trend.

Recent Trade Signals

• 21 Jan 2026: Short ES 03-26 @ 6847.25 Signals.USAR-MSFG
• 20 Jan 2026: Short ES 03-26 @ 6894 Signals.USAR-WSFG
• 20 Jan 2026: Short ES 03-26 @ 6894 Signals.USAR.TR720
• 19 Jan 2026: Short ES 03-26 @ 6922.25 Signals.USAR.TR120

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Bearish,
• Long-Term: Neutral.

Key Insights Summary

The ES E-mini S&P 500 Futures weekly chart is showing a clear shift in momentum to the downside across both short- and intermediate-term timeframes. Price is currently below all key Fibonacci grid levels (WSFG, MSFG, YSFG), with the most recent bars reflecting medium size and slow momentum, indicating a controlled but persistent move lower. The short-term swing pivot trend is down, and the intermediate-term HiLo trend is neutral, suggesting the market is in a corrective or consolidative phase after a prior uptrend. Multiple recent short trade signals reinforce the prevailing bearish sentiment in the short and intermediate term. Benchmark moving averages for the 5, 10, and 20-week periods have all turned down, confirming the loss of upward momentum, while the longer-term 55, 100, and 200-week averages remain in uptrends, highlighting that the broader bull market structure is still intact for now. Key resistance levels are clustered just above the current price, while the next significant support is much lower, indicating a potential for further downside if selling pressure persists. The market appears to be in a retracement or pullback phase within a larger uptrend, with volatility likely to remain elevated as price tests support zones established over the past year.