When possible, please remember to include levels for ES as well.

Cheers

Thanks a lot Randy. I appreciate very much your feedback.

To add to my comments, of course, one does not have to wait for buy & sell signals to be confirmed on the monthly charts as there are always sell signals that come first on the shorter-term time frames (weekly, daily, 60-minute, etc..) charts. Hence, my focus recently was on the 60-minute charts (which broke down & triggered the early sell signals a couple of weeks ago) and has now been shifting to the more significant (for the intermediate-term & longer-term trends) daily & even weekly charts.

Certainly the potential to print a bearish reversal stick on the monthly but if you look closely at that chart above, you’ll notice a lot of similar red doji-type candlesticks that printed along the way during the rallies that didn’t even put a dent in the uptrend.
Again, certainly the potential but when I see what I refer to as a “potential” bearish topping candle, I find it best to wait for confirmation via a follow-up bearish (red) candle & even better, two additional red candles.
Sure, the market could be down 20% or more by that time when you’re waiting for monthly sticks to finalize but I just wanted to point out that many other similar candles on that chart in the past that didn’t put a dent in the uptrend.
Thanks for sharing.