Pennant on ES decides our fate E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! PontusTrader Wherever this goes, whether it breaks up (as expected) or down decides. A break down of this pennant means no new ATH for bulls. A break up means we see 3180-3220 easily and then time to pile in heavy short. Remember, we just had a guy flash a 2000 lot ask limit at 3125 for several minutes before pulling it then reappearing with 600 at the same 3125 level once price came back up again. I'm a permabear too so be fair warned.