Tuesday April 2nd, 2019 by Mike Paulenoff ES (S&P 500 E-mini futures -- heading into the final hour of trading today, let's change time frames to my 4 hour chart from my hourly chart to see if there are hints about what the set up in ES is telling us. The attached chart shows all of the ES action off of the 12/25/18 low. It is interesting that although my 4 hour RSI Momentum Gauge has been in overbought territory since yesterday morning's up-gap open (2839.50 to 2853.75), and as a matter or fact, appears to be rolling over into a nearest term sell-signal (an RSI decline beneath 70 after spending several 4 hour periods above 70), price has exhibited an absence of sellers, and decreasing volatility within just 5 points of its recent high. In other words, in the absence of a breach of today's pullback low at 2862.25, RSI is consolidating above 70, and is hinting that another upside thrust is likely that propels ES still higher, to 2880/83, and if hurdled and sustained, to 2900/10 thereafter. Last is 2871.50 $SPY $DIA $QQQ Mike Paulenoff is author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial! * I really like Mike's charts and analysis. This is shared with my readers here via MPtrader.com *Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. Follow us and check back occasionally for additional articles or comments.