ES E-mini S&P 500 Futures Weekly Chart Analysis: 2026-Jan-23 07:06 CT

Price Action

• Last: 6939.50,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

• Short-Term
• WSFG Current: 23%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: 15%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: -4%
• F0%/NTZ' Bias: Price Below,
• YSFG Trend: Down.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 6939.50,
• 4. Pvt. Next: Pvt low 6844.75,
• 5. Levels R: 6939.50, 6904.25, 6865.25, 6805.25, 6705.25,
• 6. Levels S: 6844.75, 6524.25, 5511.97, 5242.25, 4195.50.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 6835.75 Up Trend,
• (Intermediate-Term) 10 Week: 6486.87 Up Trend,
• (Long-Term) 20 Week: 6383.50 Up Trend,
• (Long-Term) 55 Week: 6170.83 Up Trend,
• (Long-Term) 100 Week: 6040.75 Up Trend,
• (Long-Term) 200 Week: 5511.97 Up Trend.

Recent Trade Signals

• 23 Jan 2026: Long ES 03-26 @ 6929.75 Signals.USAR-WSFG
• 22 Jan 2026: Long ES 03-26 @ 6954.25 Signals.USAR-MSFG
• 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: Bullish,
• Intermediate-Term: Bullish,
• Long-Term: Neutral.

Key Insights Summary

The ES E-mini S&P 500 Futures weekly chart shows a market in a strong uptrend across both short-term and intermediate-term timeframes, as indicated by the upward momentum in the WSFG and MSFG grids, as well as the consistent uptrend in all benchmark moving averages. The most recent swing pivot has established a new high at 6939.50, with the next key support at 6844.75, suggesting the market is making higher highs and higher lows—a classic bullish structure. Resistance levels are layered just above and below the current price, while support zones remain well-defined and untested in the recent advance. Despite the long-term YSFG trend still registering as down, the price action and moving averages reflect a market that has recovered from previous pullbacks and is currently consolidating near highs. Recent trade signals have been mixed, with both long and short entries, but the prevailing direction is upward. The overall technical landscape points to a market that is trending, with momentum and structure favoring the bulls in the short and intermediate term, while the long-term outlook remains neutral as the yearly grid has yet to confirm a sustained breakout above its key levels.