Market Context E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! Maximilianned This is the channel that we have been in for most of the year - with the support .23 Fib in red. There are two prominent VPOCs that have been left behind - not an accident, if you follow the the blue arrows you see that they correspond to support. The purpose of this chart is simply to give context to where we are. You can that these 3-4% corrections lead to higher highs. The question is do we touch the top of the channel before returning to the fib support? As shown in the first bubble. If price gets the lower VPOC (highlighted with bullseye) - this should provide support.