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