/ES (S&P 500) has gapped below the wedge & is trading at the 2985 support with /NQ at the more significant 7775 support. While more downside by the end of next week is likely, I favor a bounce here with a backtest of the wedge likely before the next leg down although an impulsive break below these support levels with a quick recovery on both /ES & /NQ would likely open the door to another wave of selling.
ES 60m Sept 15th
/NQ has also gapped down below the 60-min rising wedge pattern at the open of the Sunday evening trading session & has just kissed the key 7775 support level where a bounce is likely before the next leg down unless the large-cap index futures fail to hold above these support levels tonight.
NQ 60m Sept 15th
The small-caps have also triggered a sell signal with /RTY (Russell 2000 futures) breaking down below the 60-minute rising wedge pattern while trading just above the 1565 support level where a reaction is also likely before the next leg down.
RTY 60m Sept 15th