S&P 500 struggles at the 1/4 Warning LineLet's not make trading harder than it is.
All we can do is project - or read the Coffee ground.
I'll prefer to use my projections with the Medianlines, using the Fork as my main tool.
The nice part with this is, that I can relay on a proven framework with rules.
Adding some risk & money management to it and the soup is ready to enjoy.
So, I follow the same process with the ES.
I see that price got rejected at the 1/4 line of the WL (Warning Line), and that price missed it to reach the WL1, which is a HAGOPIAN. That makes me lean on the rule, that price will go farther in the opposite direction than from where price came from (U-MLH).
I outlined the scenarios with the arrows what to expect in the next weeks.
Personally I'm overall very, very bearish, and I see the move to the Centerline coming. But this is just my opinion.