SandP 500 E-Mini Futures 240 CME Updated 4/27/2017Price has come down from resistance near 2389 level. The new down ward pink median line is showing frequency on the middle median line so look to see if price continues to drop, we may hit the middle median line. We have 2 conflicting forks, at this moment, so if price rises to test the uper pink median line, look for wide range bars and rejection to go short.
Actionreaction
SandP 500 E-Mini Futures 60 CME Updated 4/27/2017Price is holding on the middle blue median line, but there is hesitation to go higher. Be careful here if you are long, because it looks like price is hesitating. Price had hit the 2387 area there were sell orders there as you can see price had a few large bars there.
SandP 500 E-Mini Futures 60 CME Updated 4/26/2017 Price has come up past the blue middle median line and is now at 2387 area which is resistance. Look to see if price drops a bit from here to the middle blue median line to act as support, or if it continues higher, to the upper median line parallel. 2400 should be strong resistance which is noted on the 240 chart and the Daily chart.
SandP 500 E-Mini Futures 240 CME Updated 4/26/2017Price has broken the middle blue median line and is now at mild resistance. I drew in the action reaction set that is showing the recent frequency to see if we get any more resistance on it come up. We are approaching 2400 which should be a bit hard to break.
PTR - Petro China @ The Puristic Reaction Line:Action/Reaction is the purest form of Fork Trading.
The blue & white lines are taken from the past swings.
As you can see, price reacts at these levels.
Currently there is a high chance that price could hold at the blue reaction line and therefore move its way to the north.
Babson made over $50'000'000 back in the 1900!!
Years ago I thought, this technique could be worth investing some time and money.
These days I'm happy I did.
In fact, I don't trade anymore without the forks and/or A&R, Newtons universal law.
Let's observe, learn and earn §8-)
P!
SandP 500 E-Mini Futures 60 CME Updated 4/24/2017Price has gaped up over the weekend and has hit the median line at 2375. I switched back to the regular down pink fork to see if price would show frequency on the warning line 1. Price should drop here to the sliding parallel, or fill the gap between 2356 and 2343. Look to see if price shows support on the sliding parallel it could give an entry opportunity.
XBIT - Holy GAP...this looks like perfect opportunity!Price got kicked down at the centerline.
Then the world falls apart for XBIT...
...at least it looks like.
To me this is a GAP could be engineered from the Market Maker.
Think: If you would know "something" in advance and had the money to invest in a startup, what would you expect from the board to do for you?
Hmmm...
OK, I really dunno, but this could be a potential scenario for such scary GAP's...
And we really just don't need the facts - We are happy with pure Fork Trading and price reading.
Let's see if we can go above the centerline again to buy for a longer ride to the moon.
P!
SandP 500 E-Mini Futures 240 CME Updated 4/21/2017Price has reversed as mentioned as a possibility yesterday at 2356. Look to see if price will hold as there seems to be more liquidity pushing price up at the moment here. We do have some obstacles at 2368 and 2378 if we get back up there as well as the down sloping pink WL1.
SandP 500 E-Mini Futures D CME Updated 4/21/2017Price has come down after touching the back of the sliding parallel. Look for price to see if it may drop further, as we still haven't gotten through the next minor resistance points at 2367 and higher. We have two possibilitys, but price is looking week.
SandP 500 E-Mini Futures 60 CME Updated 4/20/2017 Price has retested the yellow fork and shown buying. Price had held at 2333 area os we had mentioned before and broke through the 2344 now is at 2356. I could see it coming back down to 2344-2349, bufore tring to take out 2360 and higher. You have a few obstacles in your way if price thinks it is going to go up.
SandP 500 E-Mini Futures D CME Updated 4/20/2017Price has come up from hitting the lower blue median line parallel. Look to see if we can break 2354 and start heading to 2400., If we drop you can look for 2200 as an eventual target, but at the moment we are holding at the lower median line as support.
SandP 500 E-Mini Futures 60 CME Updated 4/19/2017Price has come up after retesting 2333 level that we had talked about yesterday as a possible support level. Price should continue higher on this time frame momentarily.. Look for 2356 as the next resistance along with the diagonal dashed line right above.