The ES has been in a downtrend for the entire year off the highs from early January, and today we are testing major trendline resistance as we begin the last trading month of the year. This market has been trading off strong technicals, and tomorrow we have nonfarm payroll which will give traders a better indication on how the market will finish out the year. To this day, the ES is down around 16%, and if we can see the market close out above that trendline there could be great upside potential to wrap up the year. The risk comes in with the wages data, and if wages are higher than expected we could see another rejection at this trendline resistance, and the market could be driven lower.