We’re wrapping up this week and market has settled down quite a bit here as of writing. ES packed its entire annual average “Santa Rally” gain of 1.33% into the first week and is now in consolidation mode. ES lost 4775 overnight, spiked into 4745-50 next level down, and now back basing below here. While the stronger buy zones are definitely lower than here, there is a setup here to kick off the next leg higher direct. Here is what I’m looking for (chart and plan below)