$ES - setting up for big sell-off E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! CheelooTrader - Price testing the channel resistance. - Don't get fooled by bounce overnight/tomorrow, as the rejection at 4145 would turn this into a I H&S setup, with support way below at 407. Not saying it will happen, but brace for it as this may not be another BTFD opportunity. - Likely we see ramp into 4140 zone and go lower to 4100 tomorrow. Disclaimer: Against my good judgement, I am long in $FB and $ROKU (Which seems like a bust at this point), but I am still bearish-neutral into the open tomorrow. Open above 4150 invalidates this thesis