Monday Morning Machinations

Gap up for indices. The hourly bearflag for $ES on Friday has morphed into an upward channel. Today's key is megaphone resistance 5882.50. A daily close over the BF breakout level of 5873.50, would negate the fakey breaky looking price action from last week. $NQ headbutted the weekly 20659.50 a few times. That's the key there. Oil gapped down and crappe…