Actionreaction
SandP 500 E-Mini Futures 60 CME Updated 7/24/2017I have drawn in a smaller blue median line fork to the upside to show that the current path of price is taking a pause. Price is now at the sliding parralel of the median line, and should hold here to try to push higher. We should eventually be able to get to the upper median line of the yellow pitchfork.
SandP 500 E-Mini Futures 60 CME Updated 7/21/2017 Price has come down to the 2461 area to retest after hitting the sliding parallel as marked yesterday. Look for price to hold here going into monday and try to retest 2476 again. Price is starting to look a bit extended, but we do have a high chance to get to the upper median line eventually.
SandP 500 E-Mini Futures 60 CME Updated 7/18/2017Price has hit the sliding parallel after going to the median line and zooming through. This is considered a zoom retest, and we are now at minor resistance at 2360 which could turn into major resistance if we are not able to continue with the trend to the next sliding parallel. Look to be sure that price can continue the upward momentum, otherwise we may retest 2451 and 2443 areas.
SandP 500 E-Mini Futures 240 CME Updated 7/18/2017Price has hit resistance at the sliding median line parallel and also the median line. Look to see if price will hold here as support and try to continue higher to the next sliding parallel and the upper median line. If not, we may come back to hit the 2450-52 area and test support there.
SandP 500 E-Mini Futures D CME Updated 7/17/2017Price has broken 2450 area to the upside, and we are at a sliding parallel that has been touched many times before, so look if price can pivot off of this line and go higher to the next sliding parallel, or if we reverse and stay in a consolidation and energy coil.
SandP 500 E-Mini Futures 60 CME Updated 7/17/2017Price is at a new high area, as well as a new minor resistance line. Look to see what price does here, as it also had already touched the sliding parallel of the blue fork that is marked at the recent spike high. We may come down a bit from here to hit the 2451 or climb higher and break through the sliding parallel and retest as support and go higher.
SandP 500 E-Mini Futures 240 CME Updated 7/14/2017Price is now at minor resistance at the blue middle median line. I have added an upper and lower sliding parallel where I have noticed possible frequency points for future support and resistance. Watch to see if we are able to break 2450 area as well as the blue middle median line and retest as support.
SandP 500 E-Mini Futures D CME Updated 7/14/2017Price is at the top of the yellow fork, and also we have bounce off the blue lower median line. Look to see if price will hold here at resistance, or if we can break through and retest 2451 and go higher. If the market does come down look for 2400 as a possible support line again
SandP 500 E-Mini Futures 240 CME Updated 7/14/2017Price has show here that it may come down abit at the fork resistance. We also have good frequency on the sliding parallel line which is marked in pink arrows, to verify the fork. If price does decide to hold as resistance and drop a bit from here look for 2428 and 2417 as support. I would be watching closely the 2450 level as resistance as well. Price is trying to push higher, but we have to see if we will have enough momentum to break this sideways yellow fork and continue in the blue fork path.