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
评论:
Stay short below 4200
Next target 4160.
If it breaks over 4200 then we retest 4220
Next target 4160.
If it breaks over 4200 then we retest 4220
Stay short until trendline, then we'll see if they dead cat it around 4180.
Double top now in progress ..