ES -- March 22, 2026
BEARISHE-mini S&P 500 -- CME
How To Use This Archived Analysis
Use this page during review when you need a structured read on levels, event risk, and the specific mistakes this market snapshot could trigger for prop-firm traders.
What This Page Will Not Do
This analysis is not a trade signal and it does not know your live account state, size, or psychology. Use it as context and risk framing, not as an instruction to enter.
Summary
Weekend analysis session. Markets are closed but Globex futures open Sunday evening. Last week saw ES drop 47 points from Tuesday's high to Friday's close, driven by the hawkish FOMC. The weekly chart shows a bearish engulfing candle. Key question for next week: does the 200-day EMA at 5,375 hold, or do we test 5,340?
Trading Notes
Weekly bearish engulfing pattern suggests 1-2 more days of selling before a bounce attempt.
Sunday overnight session (6:00 PM ET open) often gaps based on weekend news. Set alerts, do not use market orders at the open.
The weekly VWAP is at 5,418. Price needs to reclaim this level to negate the bearish structure.
Commitment of Traders report shows large speculators reducing net longs by 12%. Positioning is shifting.
Prop Firm Warnings
Weekend holding prohibited on most prop firm accounts (FTMO, TopStep, MyFundedFX). Close all positions before Friday 4:00 PM ET.
If you held through Friday's close on an account that allows it, set a protective stop before Sunday open.
Use the weekend to review your trading journal. If you violated any rules this week, identify the trigger and create a preventive plan.
Suggested Strategy
Preparation day. Review the week's price action, update key levels on your charts, and plan scenarios for Monday. If bearish structure holds, look for short entries on rallies to 5,410-5,430 next week. If 5,375 breaks, next support is 5,340.
News Impact
| Event | Impact | Time |
|---|---|---|
| No major economic releases (weekend) | low | -- |
Key Levels
| Level | Price |
|---|---|
| R1 | 5,462.00 |
| R2 | 5,430.00 |
| R3 | 5,410.00 |
| PIVOT | 5,392.00 |
| S1 | 5,375.00 |
| S2 | 5,355.00 |
| S3 | 5,340.00 |
Risk Level
moderate
This analysis is AI-generated for educational purposes only. It is not financial advice. Always follow your prop firm's specific rules and consult with a qualified financial advisor before making trading decisions. Past performance does not guarantee future results.