ES 4230-4240, Then Major pullback

Targets heading into next week after 4131 gap close

1st 4175
2nd 4121

Daily RSI

1,3, and 4 hour Money flow over bought, if ES gaps up again the 3hour will be overbought also. Whenever you see the MFI go overbought on 3-4 hour , usually within the next 2days a 2% sell follows.

Daily RSI at diamond resistance and Daily candles has room to 4238 or megaphone top..


This debt ceiling news won't cause a rally, just a pop .. NQ has been ES crutch, and I think NQ is out of gas here.

Any close over megaphone top is considered a breakout and that would negate this short setup.
What does a megaphone breakout look like ? Here's an example using NQ

Don't chase the long here

Kommentera:

Stay short until trendline, then we'll see if they dead cat it around 4180.

Double top now in progress ..

Kommentera:

Stay short below 4200
Next target 4160.

If it breaks over 4200 then we retest 4220