The monthly candles are telling a very clear story here. The Santa Rally has been going on for over a year. It is time to at least consolidate. In the next month, ES should see 4443 and then likely close December at or above 4557 to hold monthly bullflag support. If it doesn't close December at that level, then a reversal back down to "reality" may be starting.
Chart PatternsTechnical Indicators

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