ES one hour chart in a descending triangle pattern. For bears price must sustain below 200 Hour SMA for a bigger down move to happen. The ascending triangle on the left side has done well.
For bulls of ES price must trade above the hourly cloud.
ES one hour chart shows bulls trying to hold above crucial support zone. Price is testing the 200 period SMA in hourly chart which is giving support for now. Hour chart also shows a bearish head and shoulders pattern.