ES short set up at 4050, minimum target is 3825

The market has topped and is in a bearish rising wedge on the daily, which I will show down below. Here on the 4 Hour, the trend change has occurred. I will be looking for a pullback into the new downtrend channel at 4050, which also lines up with the curling over 200sma. Expect at least a 5% drop. I will be holding this trade according to the monthly chart and will be looking to target 2750. I believe 2350 is a possible target as well.

We are still in the grips of the bear market. Don't get fooled by little up movements. Bear Market rallies are usually large for the even larger dumps that occur. The king of all charts, the Monthly, shows extreme bearish price action with 1300 points left to grab.

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ES Daily Bearish rising wedge

I don't know how far the bounce will be, either 4050 or up to 4080 but rest assured the wedge will break. If broken to the down side, expect October lows to be taken out

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Weekly Chart shows that we are bouncing back and forth inside of a pennant/triangle and if broken to the downside, expect price to be in the low 2000's

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The monthly chart shows bearish price action and how price can't penetrate the April's candle at all. Price has been rejected continuously for the last 10 Months, UNDER the declining 21ema.

The measured move takes it exactly to the 1 Full Range Expansion at 2700.

If I was to take it short now, I will expect it to go sideways until JULY or AUGUST before breaking, or it can break in MARCH.

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The VIX Daily shows that volatility is picking up and is indicating a sell off occurring

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SPX Daily shows that price constantly gets rejected at the gap resistance

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here on the NQ to further my point, is how weak NQ has been this entire time. Can't even make it up back to August 19th Gap resistance