/ES: Bearish Bat Still Targeting $4250 or Lower
/ES formed another level of MACD Bearish Divergence near the HOP of this Bearish Bat, and from the $4,400 level of interest after briefly peaking above it. During the PPI release, it has peaked back above it again, but on what seems to be less relative strength, so I overall suspect that it will fail from here and come down to test $4,350, and if that level doesn't hold, then it will likely go all the way down to the lower support range of $4,250, where it will then be in danger of breaking below the trading range entirely, which would take it potentially to or even below $4,000 really fast.
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