$ES1! #ES E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! FriscoTrades Logarithmic view is the clearer picture imo with BB turning down. I like the idea of a move down to 4290 this week to provide more liquidity for the Q4 rally / blow off top. If this zone breaks I'll be watching for the 150 MA as support (blue line) followed by EMA cloud zone. Bears today showed they are still in control with a "sell the rip" theme still going since Sept. Can easily see the ST downtrend line. IMO we need one flush down before bulls can get a "load the boat" opportunity. Energy and Fertilizers along with financials and cyclicals are some sectors proving to be more resilient. Certainly doesn't feel like a "doomsday" crash at this point but a healthy pullback and reallocation for Q4 bullish seasonal price action. Still enough to be overly cautious and nothing screaming "all in" buy signals at the moment. Respect the stop losses and trade Puts on the rips for the ST, while legging into calls at the lows seems to be working... regardless, stay nimble and prosperous friends!