E-mini S&P 500 Index Futures Dropping Tonight

E-mini S&P 500 Index Futures are dropping tonight, we could have a gap down at open tomorrow. E-mini crossed below the 50% line on the channel trending down since its high at 1373.5. RSI on the hourly chart is oversold, however, it is not yet oversold on the 4h chart and on the daily chart. The market may need to go to oversold levels on those time frames before it resumes its up-trend.