We're not talking a real death cross here, but you did just get a 4H death cross on ES_F. Not to be taken lightly if it happens on the 1D chart, but i think a 4H death cross should be considered serious as well. Death Cross: investopedia.com/terms/d/deathcross.asp
I could see the picture of getting back to $4450 area to form head and shoulders and then sliding down from there. Just an objective lens. i trade level to level so doesnt matter to much to me personally.