mini Dow/S&P- You can make this as difficult as we want .....or

If you spend 10 mins pouring over the larger mini Dow & S+P long term charts you come up with two of the most obvious basic Andrews forks. What we are seeing is a reaction down and away from the blue UMLP and the touch on the black CL. If you look at the 60 min E signal chart you will see that price is heading back down to retouch the black UMLP at 13000. All this info is free with no indicators , Fib levels etc and only 2 forks?









Here is some more detail in lower TF's of the mini dow with many more forks with their WL/RL's etc. The mauve d-sloping Schiff ( not modified) fork is from the most recent major pivots ( fork in thick grey). The RL web/grid is from aqua turquiose blue fork at the recent high and provides great supp/res from its set of RL/WL's.
This correction is well overdue and could be brutal BUT i do not think we will see more than a general shake out due to the mentality of the equity markets which to me is totally different to that of commodity futures in that equity mkt 'investors' seem to feel that stocks have a God given right only to appreciate/go up in value and squeal like little piggy-wiggys whenever these markets do not.The mentality is principally 'long'.