ES Futures are setting up for a similar Bull Trap sell off similar to the year 2000. I see the same Sunglasses type pattern, a setup that I personally have coined. Price breakage of 3900 signals the sell off with 3800 as confirmation. This is the chart of 2000 and below I will reference today. Notice the similarities.
Note
Here is today's price action showing the same sunglasses type action. Bull Trap popping above the 200 incomingNote
Here is the 2008 Bear Market and we are in the same place as above being on the frame portion of the glasses pattern. This glasses pattern is very powerful in bear markets. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.