gmarignier

Bearish divergence on 4h S&P 500

CME_MINI:ES1!   S&P 500 E-mini Futures
Graph speaks by itself: prices are making higher highs while RSI is making lower highs.

Bearish divergences usually make early short signals.

Still wait for the prices to make lower lows to take your short position.
4h candle closing below $2720 looks like a safe bet for a swing trading.

If you wanna play the test of the down channel side, you can wait for the prices closing down under $2850.

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