Andrew's Pitchfork
SandP 500 E-Mini Futures D CME Updated 3/6/2017Price has started to come down from 2400 area. It has hit and retested the sliding parallel underneath so look to the possibility that it will retest again, and may hold as support. Ifp price drops below look for 2351 and 2300 eventually as support, but I am thinking price may rise and retest 2400 and try to break it.
SandP 500 E-Mini Futures 60 CME Updated 3/1/2017Price has gone vertical. I drew in a new fork to the upside. Look for price to pause at the upper median line, and show if it will break and continue to WL1.We had multilpe touches of support near 2356 and then 2365 to show that price was going higher.
SandP 500 E-Mini Futures 240 CME Updated 3/1/2017Price has hit support at the sliding parallel which had multiple touches to confirm as support. We have found more momentum on news and speech last night by President Trump. Look for price to hold the middle median line as support and go to the next as possibility.
$PAY is no longer going downI am long Verifone already as a speculative left-for-dead stock with a cheap stop, below the current structure -- around $15. If price takes out the late-push sellers at $20.33 and holds, then expect price to rise quickly into the vacuum of that early-June wide-range bar up to $27.