S&P500 [ES] | Bearish Perspective and Key Market Structure 🔑 E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! AidanMDang It seems like a lot of people are focused on the bullish wedge and triangle breakouts shown here: These are both valid bullish patterns but I would like to share an alternative bearish perspective of the market structure that is also valid. Notice the Key Trendline Pivot . This trendline extends all the way back to the march lows: A breakout of the Key Trendline can lead to strong selling pressure. Bearish confirmation with a close below the Key Support ($3530) Key Support: $3530 Target 1: $3460 Target 2: $3420 Extended Target: $3300