ES is still working on a set-up for a genuine breakout through the blue megaphone VWAP at roughly 2362.
The green scenario represents a Sornette melt-up breakout set-up.
The purple scenario represents a right shoulder megaphone on the inverse H&S on the chart.
The orange scenario represents a rising megaphone breakout set-up that will confirm if ES can put a new high in the potential red rising megaphone before a breakout through its bottom.
If ES breaks out downwards from the right shoulder megaphone in the purple scenario, it could be setting up a continuation pattern for a correction to 2150 before a new all-time high (not drawn on chart). That is the least likely scenario at the moment.