1216 was the high today kissed a downtrend on the DOT. Now the ES is 20 handles lower. Time for a downtrend? Probably. 1199 is the sticky level after hours..
If we do not drop the S&P500 is amidst the largest rally in history of the stock market in the shortest period of time.
|4 hour ES_F|
the market can remain irrational for longer than you can remain solvent.