ES Weekly Game Plan | Mar 16-20, 2026
ES at 6,625. Down 60 from last week’s open.
Here’s what happened in five days. Monday opened and immediately dumped. ES overshot our breakdown level by 59 points, tagged 6,584, and then reversed 268 points to 6,852 by Tuesday afternoon. For about 48 hours it looked like the low was in. Then Iran escalated again. Oil pushed from $92 to $99 Thursday. Friday sellers came back, erased the entire recovery, and ES closed at 6,625. Same zone where Monday’s carnage began. Full circle. Zero net progress.
FOMC Wednesday. Updated levels. Three scenarios. And why the breadth oscillator at a two-year extreme changes the calculus below.
