S&P 500 LOWER AND LOWER

Rest of the year the expectation is for the prices to move lower. Failing to make the upper parallel in the fork indicates that the bulls are not as strong as yet, with more downside expected.
Typically when such an event takes place price moves in the opposite direction and the most likely line that will go is the yellow middle line.

This is a non-time-based analysis with a brick size of 46. The only factor taken into account is price movement.