CME_MINI:ES1!   Contrats à terme E-mini S&P 500
Looking for a pullback to 4017-4020 and test uptrend breakout.

Be very surprised if we drop back below 4005 without some news or economic data.

Powell speaks Tuesday morning , I think it will be a nothing burger and I'm looking forward to ADP Wed.

Overhead resistance is 4050, support is 4020... I'd be looking for some range trading, maybe an inside candle type of day.

I will say this, looking at the 1 hour RSI, CCI, and MFI; the last 3x these indicators were this overbought led to a 50-80 point drop minimum.

I'm only calling for a 30 point drop here but if history repeats it's self the lower targets are

4000 3970.


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