ES Seeing a divergence and double top after gap up E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! HyperionGillie I’m seeing a lot of opinions whether or not the S & P is Bullish or Bearish . Pivotal times on any chart can be nerve racking. It’s hard to stay objective, which is why we try to gather as much information as possible before making a decision. Here is an hourly chart after the close today (7/14/2020). <img src="https://i.ibb.co/9ngqf2s/cb81fb80a7c561d4bf9369ecd17cf6607916be63-2-1035x499.png" alt="cb81fb80a7c561d4bf9369ecd17cf6607916be63-2-1035x499" border="0" /> Now taking a look at the cluster chart on a 2000 tick time frame: <img src="https://i.ibb.co/wQHNRD2/91d92b91088dcc7d553ab57200ffb544a82b6fe0-2-1033x691.png" alt="91d92b91088dcc7d553ab57200ffb544a82b6fe0-2-1033x691" border="0" /> So this is saying there are potentially more buyers coming in. This may mean that they can take it up, or that despite there being more buyers, the sellers may be able to hold it and get a sell off. However it’s trading near key levels and this is where decisions are made. The next chart is taken from 7/13 around 9:00 AM. This was right before the spike then hard sell off. This section shows there were potentially more sellers during this time but the price spiked then sold off. Why? With this you have to keep looking forward in time (see second chart below). <a href="https://ibb.co/Thywqm0"><img src="https://i.ibb.co/DKd1g5M/dd2b5f8b17562dfce95acec51a453b956a5fe6c5-2-1035x520.png" alt="dd2b5f8b17562dfce95acec51a453b956a5fe6c5-2-1035x520" border="0" /></a> Directly above you can see where the buyers are aggressively buying but the price doesn’t seem to be able to move up. In one of the previous posts, I say always ask yourself what you would want and not want to see if you were a buyer or a seller. <img src="https://i.ibb.co/qdgCnn1/03940b63d1edec83d3acbae8b60e5b23016fd7a2-2-1035x514.png" alt="03940b63d1edec83d3acbae8b60e5b23016fd7a2-2-1035x514" border="0" /> It puts it in perspective and hopefully provides a more objective look at the market. There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. The figures here represent an opinion. The placement of contingent orders by you or broker, or trading advisor, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. Please conduct your own due diligence if Futures are an appropriate instrument for you.