ES1! (S&P 500) 1-Month Projection

Projection of movement in the S&P 500 over the next month. Three potential paths identified for down trend bouncing up from three established levels of support along the (1997 - Present) rising fibonacci channel.
Year to date accumulation of volume (red line) places the point of control (POC) at the lowest probable support level.
First (highest) probability is for a bounce up from the bottom of the rising reverse-wedge,
Second (mild) probability is a bounce up from the next level of support below the reverse wedge,
Third (least) probability is a bounce up from the 2nd level of support below the reverse wedge which is also the point of control based on concentration of volume.