SandP 500 E-Mini Futures D CME Updated 7/13/2017Price has bounced off of the lower median line and the support at 2403. We are now trying to break 2450 area to the up side again to continue the trend. We must also break the yellow median line resistance to continue in this uptrend, so look to see if price can do that now.
Actionreaction
SandP 500 E-Mini Futures 60 CME Updated 7/12/2017Price has broken the sliding parallel resistance now that has had multiple touches. We are now at the minor resistance area of 2427-28. Look to see if price can break this and retest as support to continue higher to a minimum of probably the 2435 area. We see buyers at the pink acrrow, so price should continue to rise.
SandP 500 E-Mini Futures D CME Updated 7/12/2017Price is still hanging on the blue lower median line. Look to see if price holds here and can continue rising. Price will probably rise forme here to at least 2443-2450 area to see if we can get past the resistance point. We will also see if the new pitchfork to the downside acts as resistance.
SandP 500 E-Mini Futures 240 CME Updated 7/11/2017I added the blue fork which will be the indicator to show if we will continue is this upward momentum. This blue fork has cut through price nicely with multiple touches, and if price drops out if it, we know that price may continue on the yellow fork frequency. Price may drift back down to 2418 area, then show if it will hold as support again.
SandP 500 E-Mini Futures 60 CME Updated 7/11/2017As mentioned before yesterday, price came down and touched 2420, then came up and is still hitting near 2429 and the sliding parallel as resistance. We could try now to rise above 2429 and then use it as support when we break through, or we could drift down to 2418 level and the blue median line again as marked. I am thinking we may try again for the upper median line parallel near 2437 if 2420 can continue to hold as support.
SandP 500 E-Mini Futures 60 CME Updated 7/10/2017Price has hit this sliding parallel multiple times as marked, and each time it has dropped. If we continue to drop from here look again to 2420 and 2416 as minor support. Look for 2402-2406 as more major support on this time frame, and price to continue lower until we break the sliding parallel resistance line as marked.
SandP 500 E-Mini Futures D CME Updated 7/10/2017Price is at a decision point here on the blue fork. If we do decide to break down look again at 2400 and 235 area as possible targets. If we go up, look to the sliding parallels as marked as possible resistance points. 2450 is starting to show itself as a resistance point that needs to be broken to the upside. Look for possible ranging and energy coiling now as we enter soon into August. I have drawn a downward fork to show what price may do if we break out of the blue fork.
SandP 500 E-Mini Futures 240 CME Updated 7/10/2017 Price has come up of the 2404 area and bonced also on the sliding parallel. I am thinking that price may pull back a bit maybe to the 2417-2419 level that we have hit many times before showing what it may do. Look to see if it continues down on the gold fork frequency. If so, we would see further price drop to the downside, especially if we can break the 2400 level.
SandP 500 E-Mini Futures 240 CME Updated 7/7/2017Price has broken out of the blue up fork, but is now at the sliding parallel. If we hold as resistance here near 2417 and starte to drop down we should see a contniuation of the trend on the yellow median line. Look at the yellow median line sliding parallels as possible resistance points.
SandP 500 E-Mini Futures D CME Updated 7/7/2017Price has dropped from the 2440-2450 area, and we are now near support at 2400 area. Look for price to hold here for the short term. We are now breaking out of the up fork, so if we have a few down days look for a new momentum for a correction. Be aware that the trend has a possibility to trend on this time frame.
SandP 500 E-Mini Futures 60 CME Updated 7/7/2017Price has dropped as expected below the blue median line. We should probably rest here ar a bit higher around 2421 before the day is over at minor resistance. There is also a minor resistance level around 2417 that could act as resistance. Lets see what price does by the end of the close today.
SandP 500 E-Mini Futures 60 CME Updated 7/6/2017Price has turned over on the sliding parallel to the median line, and is going lower. I added that in after seeing multiple tests on the diagonal side and rolling over. if we break 2417, we could see 2412 and 2400 and lower on this time frame. For every support we break, look for a retest as resistance as a possible short term play until we hit he lower median line parallel.
SandP 500 E-Mini Futures 240 CME Updated 7/6/2017 Price is starting to roll over to the down side if we can get belowe 2418 and retest as resistance, we may see 2400 again. Look to see what price does at this point, as this is a major support area of 2400-2418. I drew in the width fork that I have had on the 60 minute chart
SandP 500 E-Mini Futures 60 CME Updated 7/3/2017Price has fallen from the resistance band at 2443-2439, and held at support near 2403 which is prior support. We are now at the resistance band of 2429-2427, so look to see price slowly rise out and test as support before stopping maybe between 2439-2451 as today is before a holiday and the market should be bullish.
SandP 500 E-Mini Futures 240 CME Updated 7/3/2017Price is at a minor resistance area at 2429. Look to see price to possibly break through this and retest and go higher, or to 2440 area, then see if price can hold there or not. Price could also reverse here, but seeing as today is before a holiday, the market psychology will probably be bullish.