SP500 Long - Short term trade E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! Tornado_Trading On the 4H timeframe I see the downmove temporarily at least, diminishes in strength. After the extreme wick, there was a rejection to be seen at 3350 support level . Then it ticked up 100 (!) points, and then it started to decline again. But these candles show downwicks, and there is MACD-H that is mildly diverging with the small rise in prices. The uptrend has been broken, so care should be taken here, we don't see a complete reversal on the 4H TF. On the 45 minute timeframe, there is clearly a good MACD-H divergence, althought not with EFI . Stochastic RSI seems to cross, and is turning up. In light of the higher TF, that is diverging a bit, and the Stochastic RSI is maximum oversold, I think we will turn up on the 4H TF, and touch the value zone, a good target could be the local reistance of 3450. The Stoploss has been place 1.5 ATR levels away, and a bit below that latest downwick. Entry: 3402 Target: 3449,50 SL: 3374,75 R/R ratio: 1:2