Billhinge
Short

ES 7 Day chart bearish long term median test

CME_MINI:ES1!   S&P 500 E-MINI FUTURES
13 0 0
I'm a believer in cycles and rather than use defaults I try to pick specific time frames, for ES 7 days. I like how the candles are cleaner in some time frames. This is Andrews pitchfork from Oct             2014 to the Aug pivots . We stopped exactly on the main median line , we should now go under and around to consolidate . A fast drop would have indicated a bounce but decent was slow with negative momentum. So I expect 2 possibilities, a dip unders followed by slightly rising prices and rally as we consolidate. Or dip under test and fail then drop, or slice through and drop. I favour the latter 2 since other indicators do not support the first
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