Actionreaction
SandP 500 E-Mini Futures 60 CME Updated 11/7/2017Price extented to touch the upper sliding parallel that has hit as resistance before. Look to see if price will come down to hold support at 2585. If we do hold as support there, look for possible continuation higher to try to test the upper median line.
SandP 500 E-Mini Futures 240 CME Updated 11/2/2017Price has risen to touch the upper median line again and has bounced several times. It looks like there may be a bit of selloff, so we have to break the upper blue median line and continue higher or we may come back down lower. Look at 2562 and 2543 as support.
The next Pivot, here or 7k area?Hey guys, it's been a while since my last drawing chart. I've been busy with UKOIL, so I don't have much time to do BTCUSD and I don't trade BTCUSD to be honest.
As always, I'd rather not talk about LONG or SHORT, but just to share my drawing chart. Just use it as extra information if you know what I am doing here, otherwise trust your judgement.
I am also interested in learning and sharing ACTION/REACTION if y'all want to learn and share like I do.
Back to the chart, I think there is a possibility that the price will touch my middle BLUE line as it's my Centerline.
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SandP 500 E-Mini Futures 60 CME Updated 10/31/2017Price has made its way lower after hitting 2577. We need to watch price here and a little higher at 2577 to see if we have any resistance that would continue the down sloping fork. if price breaks 2562 look for 2541. If price rises above 2577 and tests as support look for the upper sliding parallel as resistance again.
SandP 500 E-Mini Futures D CME Updated 10/31/2017Price has retouched the sliding parallel and showed resistance again. Look to see what price will do here. If we make a move to the upside, we have to break the sliding parallel and retest as support. If we are going to break down to 2480 area, we need a break of the blue line and retest on the way down.
SandP 500 E-Mini Futures 240 CME Updated 10/31/2017Price has hit the sliding parallel and is moving up nicely to try to touch 2577 again. Look to see if price will break that level and retest as support to possible break out of the upper blue median line that is currently resistance. Notice how price bounced on the line that I had marked yesterday, so this was expected support.
SandP 500 E-Mini Futures 240 CME Updated 10/30/2017Price has continued on bouncing from 2542 and has hit the upper median line again near 2577. Look to see if price will break to the upside and retest the blue line as support. Price is currently near resistance so see what it will do. We may also come down to test 2562 before as support.