Here's a shot of the ES on a weekly time frame - think this is self explanatory but it becomes more significant when we show it side by side with the Daily.

As you can see the repeat of March - May activity is eerie !!

Short term conclusions - possible drop to the 1429ish level then a climb back to the 64ish level next week. This may then break during the week beginning the 22nd October out of the pattern - up - who knows ? Especially so close to an election - history suggests we have a better chance of up and the Fib extension suggests there is room. If the break is going to be down it may be around the 29th.  With all the negative news it looks like we could possibly be chopping this for some time yet. Possibly even till after the next President has been inaugurated !!