forker
Short

ES - Hell if we fail...

CME_MINI:ES1!   S&P 500 E-MINI FUTURES
As i mentioned the last weeks chart (see link below), we should now testing the L-MLH of the white fork.
If we fail, it would indicate we are going lower then from where we came, so <2110.

And if this happens, we see price below the centerline, then waiting for a test/retest and go short all the way down to the lower medianline parallel L-MLH.

The fact that price not only failed to close above the A/R line (blue, slanted, dotted) but also fell back below, leads me to the conclusion that the above scenario is very possible.

Nevertheless, the trend and flow is to the upside.

BTW: If you still holding on to the previous trade from the centerline, then you better go B/E ASAP             or take profit.


Happy Weekend & P!
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