spx - is price in an uptrend now?Higher highs and higher lows = uptrend. We also broke out of the downsloping pitchfork. Now the upsloping fork shows the probable path of price.
Andrew's Pitchfork
SandP 500 E-Mini Futures 60 CME Updated 9/25/2017Price has come down to support 2495. We have broken down below the median line, so see if price continues lower to 2489 or at the warning line 1. Look to see if price comes up to 2502 then acts as resistance again. We are ranging at the moment, so look to see price break out of this coil.
SandP 500 E-Mini Futures D CME Updated 9/25/2017Price is still at the retest of the break of the blue median line parallel. Look to see if price will come down to 2480 to see if it will act as support. We are at the top of the action reaction set as well, so it should continue to act as resistance.
SandP 500 E-Mini Futures 240 CME Updated 9/25/2017Price is resting at 2495 near the support and blue median line confluence. Look to see if price will continue to the upside from here , or if it will come down to 2488 and 2480 area. Price looks a bit extended at the moment.
SandP 500 E-Mini Futures 240 CME Updated 9/22/2017Price has come down to the 2495 area. We are currently at the middle median line which could act as support along with the 2495 confluence. Look to see if price will continue down and go to 2488 and 2480 to try to search for support. We may hold here as support as well and try for another run up to the 2506 area.
SandP 500 E-Mini Futures D CME Updated 9/22/2017Price has hit the top of the action reaction set and the back of the blue median line retest and is now coming back down. Look for price to hit at a minimum 2480 then possibly 2450, We may see price go much lower if we do not get back into the blue median line
SandP 500 E-Mini Futures 60 CME Updated 9/22/2017Price has come down out of the fork, and is now resting on around the 2496 area as support as mentioned yesterday. Look to see if price will continue down lower to 2487 and warning line 1.
SandP 500 E-Mini Futures 240 CME Updated 9/19/2017Price is at 2505, and has pushed a bit higher after touching 2500. Look to see if price will continue upward to the next sliding parallel, before continue to the upper blue median line parallel. Price is hesitating a bit and looks a bit extended, so we would need a heavy push to get moving upwards.
SandP 500 E-Mini Futures 240 CME Updated 9/18/2017Price has lifted higher to 2505, and is now drifting down a bit. Look to see if 2500 or 2495 holds as support. We have had the test at 2487 with the confluence of minor support. Look also for the upper sliding parallel and upper blue median line as resistance.
SandP 500 E-Mini Futures D CME Updated 9/18/2017Price has risen and is currntly moving along the retest of the lower blue median line parallel, and is close to the upper action rection set line. Look to see what price does between now at 2502 and 2510-15 to see if price will continue up or start to drift down. I do think we should see price drift down eventually to 2450 and 2400 again.
SandP 500 E-Mini Futures 60 CME Updated 9/18/2017Price has broken through to the upside and is currently at 2505. We are following along a sliding parallel resistance line, so look to see if price come back down to 2495 or 2500 for resistance before showing if it will continue higher.
SandP 500 E-Mini Futures 60 CME Updated 9/15/2017 Price is slowly losing momentum now, look to see if we can get a move down to 2480 before having another move up to try to break 2495 and the 2500 psych level.
SandP 500 E-Mini Futures D CME Updated 9/15/2017Price has still stalled at the back test retest of the blue median line. This is showing that price should remain below this area and try to drift down.
SandP 500 E-Mini Futures 240 CME Updated 9/15/2017Price has come down to retest the blue middle median line. Look to see if price will continue upwards from here and break the 2495 area, or continue down and touch the 2480 as support. Price looks a bit extended at this point, so I would be more cautious of any new long positions, and I would encourage to look at structure formation especially as support.
SandP 500 E-Mini Futures 240 CME Updated 9/14/2017 Price has broken up past the blue middle median line. Look to see if price can continue its upward momentum. I am expecting a small pullback to the middle blue median line or to 2480 to act as resistance, before possibly going higher. We are at all time highs, and a psych level, so I would not be surprised for volatility in this area.
SandP 500 E-Mini Futures D CME Updated 9/14/2017 Price is still at the retest of the break of the lower blue median line parallel. Look to see if price will come back down to 2480 and hold as support, or go up to hit the upper action reaction set line.
SandP 500 E-Mini Futures D CME Updated 9/13/2017Price has continued to rise but is having trouble breaking the retest of the back of the lower median line. Look to see if price can continue higher from here, or if we go back to retest 2480 which I think we should do today.
SandP 500 E-Mini Futures 240 CME Updated 9/13/2017 Price has broken to the upside out of 2488 resistance. Look to see if price retests 2488 and goes higher, or if we will see a breakdown here to go down to 2480 and hold as support
SandP 500 E-Mini Futures 240 CME Updated 9/12/2017Price has risen and broken 2480. I have removed the down fork and have added the larger up fork. Look for price to show you if it will continue higher from here, or break down at the resistance level of 2488. If we break down look for support at 2480 and the 2475 area.
SandP 500 E-Mini Futures D CME Updated 9/12/2017 Price has risen to the upper resistance level and the back of the median line. Look to see if price will come down a bit today as we are at the back of the median line which can act as resistance and the resistance line confluence.
SandP 500 E-Mini Futures 60 CME Updated 9/12/2017 Price broke resistance higher to be near the high resistance point of 2488. Look to see if price pulls back a bit from here to the median line, then see if it acts as support.
