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ES1 (S&P500 futures) just topped out!

Short
Futures E-mini S&P 500 (CME_MINI:ES1!)  
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CME_MINI:ES1!   Futures E-mini S&P 500
Trend Analysis Chart Patterns Technical Indicators snp500 snpshort S&P 500 E-Mini Futures toppingpattern es1shortsetup topping trendreversalpattern
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trendanalysis chartpattern indicator snp500 snpshort es1! toppingpattern es1shortsetup topping trendreversalpattern
Just happened minutes ago, the topping pattern of a High, Low, Lower High, Lower Low, Lower High, and then a Lower Low just completed and then it gave up and did a huge Markdown.
MACD has given an earlier indication of a drop, after pattern completion.

THIS IS a topping pattern, and it is of high probability that the S&P500 topped out.

Now waiting for it to continue the downward momentum and break the trend line support. But not before a rather lame attempt on daily charts next week to recover somewhat and reverse down again.

Watch for it...
Commento:
In Asian hours, the /es just opened the week on a massive 1% GAP DOWN.

It would take some effort to close this gap today... else we got a Gap & Run, as well as a Down Friday Down Monday syndrome.

More downsideeeeeee.......

Idee correlate

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