Actionreaction
SandP 500 E-Mini Futures 240 CME Updated 12/30/2016Price has come down from the resistance area of 2269-2273. We have hit the center line, then bounced up and retested the support which has become the resistance at 2251-2248. Look to see if price can fall through 2238 and 2232 areas to go to 2212 and 2180 eventually. This is a new down word correction in an overall upward market.
SandP 500 E-Mini Futures D CME Updated 12/30/2016Price has broken 2245 and is going lower to 2212-2191 area. Look for price to come up and retest 2272-2269 area before dropping further as possible confirmation of drop to 2136-2112 area. Look for price to come down to the middle median line if we can get more momentum
SandP 500 E-Mini Futures 240 CME Updated 12/29/2016Price has come down from the upper resistance zones near 226-73 and is now resting at 2244-46 area which is current support. If price breaks down look for 2232 2212 and 2180 as support, and also the middle median line and lower median line as support. I could see price selling off and dropping to lower median line which is a width median line as it is measuring the width of the move.
SandP 500 E-Mini Futures D CME Updated 12/29/2016Price has come down from the highs near 2273. Looking at 2245 area for a break will show a new fork possibility to reach to 2137 or lower. I would consider this a pullback in the direction of the trend if it does happen. look for 2245 and 2273 to tell you what it wil do.
ZB - T-Bond ReactionPrice landed back on the blue A/R line.
I see two possible ways:
1) Up and turn at the Centerline, then down to the L-MLH
2) Jump above the Centerline, quick test of it and then up to the "Scene Of Crime", how Shane would say
For now, a play up to the Centerline would not be too shaby.
Happy 2017 to all of you!
P!
SandP 500 E-Mini Futures 60 CME Updated 12/28/2016Price has come up to test the 2268-2273 area and dropped hard. Look for 2247-50 to see if price will hold, but price looks like it is accelerating. Next level on this chart would be 2233 then 2212 as potential support areas. The two opposing forks had shown tho price was starting to run out of energy. Price did not make it to the median line on the blue up fork, and price had repeatedly used the warning lines on the pink down fork as resistance.
SandP 500 E-Mini Futures 240 CME Updated 12/22/2016Price has come down from 2273 and 2267 areas, and should test 2245 area as support before showing if it will continue up or drop lower to 2211. If price continues to drop we could see 2140 area eventually, but price would have to show more weakness. I think we could bounce from 2245 and if not 2211.