ES has ramped higher since the March lows but we are currently hitting an inflection point. We have closed the initial gap from the decline earlier this year and there is negative divergence on the daily RSI. This is a good R/R short.
Tesla filled the upside gap that was left from the earlier correction. We have massive negative divergence building on the MACD and this opportunity to short it is too good to miss. The stock has trapped a lot of eager bulls who believe TESLA is heading to new highs. A sharp turn lower is imminent. Initial targets $200.