SP 500 Futures possible trend change with these telltale signs daily market analysis

20 Apr 2020 recapDespite S P 500 futures (ES) dropping 63 points, it is still above 2800 support level. Yet there are some of telltale signs as shown below provide a red flag to me that there is a change of behavior in S P 500 futures, suggests the up swing could at least be stopped for now with possible reaction to test the supports at lower levels. In my previous post, I have mentioned shortening of the upward thrust and up wave in both daily and H4 charts, suggests the losing momentum in S P 500. The up thrust movement only temporary commit above 2845 and quickly fall back) created in the past 3 trading days coupled with somewhat climatic action in 17 Apr plus a break down of the channel in H4 timeframe coincides with support level 2800 (unfolding as of writing this post). The above telltale signs convince me that there is a change of behavior in S P 500 futures, which means that the inch up movement might be ending soon.