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Tr8dingN3rd
Sep 16, 2022 12:59 PM

S&P500 at the Warning Line 

E-mini S&P 500 FuturesCME

Description

According to the Rules of the Medianlines (Pitchforks), there is a high potential of a reaction from the Warning Lines (here WL1).

On strong Trends, price will trade through it and down the the ML (Medianline).

Be prepared for both scenarios.
Comments
CuzDelux
May, and I mean, may, already have begun seeing that on Friday. I don't understand everything you have done, here, but I can look at the way this market is trading. Clearly formed buyers candle, Friday. Could be bouncy on Monday. Great opportunity for wild volatility that ultimately settles up a point or two. BUT, and this is where I totally agree, the channel is declining FOR NOW!
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