CME_MINI:ES1!   S&P 500 E-mini Futures
Looks like price has risen again with declining bull volume. If you look at the orange arrows, you can see what happened last time price action held after price rising on declining volume. We are overbought on RSI. If you look closely, we are on the top side of the macd and its just crossing. However, on the 4 hour, we are both overbought on the RSI and the Mac D. Might be a little early on this move but let's see what happens. Would love price to test one of the recent lows. I know its big earnings week however there could be some profit taking at this level with the current market conditions we are in. If this trades goes wrong and price continues up. I'll exit and re enter once price exhausts more.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.