ES Negative Divergence

CHART-II

CHART-I

• ES Four hour is moving up with negative divergence.
• Price and MACD is diverging. 
• Price may hit the resistance line once more before the correction can start. A false spike above the resistance line is also possible.
• Divergence need price confirmation before one can go short. So if price sustains above the resistance line then the divergence will vanish.