Bearish Futures Open for ES: Monday Dec 20 Chart/Trade Plan

While most my analysis from my last update remains the same, futures did not open in bulls favor tonight, losing that *critical:* 4590 support level. By losing this, not only did price lose that purple channel mid-line that was defended for most this month, but bulls dropped the ball on a fairly high quality bullish setup (explained in detail in last post - inverse H&S pattern + fake breakdown on Friday where price briefly lost the prior weekly low and rallied 70 points). When bullish setups are failing, its not a good sign and should point lower from time of writing. Here’s what I’m watching