marketmind3

ES_F - Bearish Confirmations Lining Up

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
I never get too excited about Monday morning gap downs on headlines, but we're getting the classic stack of signals lining up.

Trend break + Rising Wedge Breakdown + Daily MACD and DMI turning negative.

All with Weekly MACD turning down for the first time since the rally began.

2960 is the convergence of 50-Day MA and Horizontal support, but by then a lot of damage will have been done.

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