Savage bull likely pulling back next week E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! bbourji Impressive and incredible bull-run from the lows but it's time to be cautious & patient at these levels. - Hovering near the top of a 6 month resistance TL. - The run seems to be overextended with RSI's overbought at nearly all longer timeframes. - Trading way over the 10 & 20 day EMA's, unlikely to sustain at this pace for much longer. - The SPX gap between 4020 and 4047 will certainly be filled; NDX gap-ups have fueled this rally. - Decreasing volume & SMA approaching spike zone. - 6-hour volume weighted MACD cross-over signaling potential reversal soon. The most recent 5 cross-overs always followed with a pullback as highlighted. I'm not bearish , there is no reason to be bearish as this market can still grind higher but it's foolish to also believe the market won't take a needed breather in the process. ES levels from 3970-4010 will almost certainly be tested sooner than later. Trade safe!