ES Futures and the Bernoulli Channel Line

This line has been shown to be important, it stretches back months.

When the price jumps over a channel line, it mean the price respects that channel line...in fact it doesn't even want to get close to it, it fears the channel lines ability to stop it's advance (or decline).

Then with a thin tail drop to the line and v recovery, well that's bullish.

Why not?    Fundamentals are terrible, but that has little to do with a market, much less a centrally planned market.