S&P 500 Futures Before opening bell

• ES Hour chart with a rising wedge that has given an upside breakout.
• It's rare to see an upside breakout for this pattern. rising wedges are usually bearish patterns.
• Now if price crosses 1250 and sustains above that level ES may give 1270 in the short term.
• But trading below 1241 and 1238 will be negative because a false breakout of a rising wedge can give decent correction in favor of bears.
• QQQQ CHART ANALYSIS