[waveslider]

Opinions please?!

Here is a potential fork forming in the ES on the daily chart. The highlighted areas are spots I consider important failures or supports related to this particular fork. Its good to have multiple confirmations.

There are other reasons to be bearish here, the market breadth and volume are just horrible. The S&P has just failed at a major trendline (white on the chart, can't see the beginning on this chart). Also price filled in the gap from January 15, which is a huge break even point for a lot of people who got slaughtered then.

All these bearish things could be considered bullish!

Anyway - - there will likely be a good message in the market tomorrow, as I feel people are watching this fork, especially when price forms a doji...