$ES! E-Mini S&P Future. A few % more to long term trend line S&P 500 E-MINI FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! KoosKanmar This needs to drop another 3.5% before the long term bullish trend line is reached. A lot of hot air being let out very quickly in US markets at the moment. Tax cuts, QE , rate cuts. At some point in time the chickens need to come home to roost. US markets can only function in isolation for so long.