Market Geometry
SandP 500 E-Mini Futures D CME Updated 10/3/2017Price has broken the upper action reaction line, and also has continued back into the fork with bullish momentum, so at the moment, we need to see if price will pull back to the lower blue median line and continue higher. Look for price to hold as support and go higher.
Pullback for a trend continuation We saw a break of our countertrendline to the downside
Anticipating this will be a slight pull back for a continuation of the bullish momentum
Will be monitoring Price Action at the 1.685
Monthly Candle closed extremely bullish and we could possibly see a break out of Monthly consolidation
This new month
Next upside target @ 1.725
SandP 500 E-Mini Futures D CME Updated 10/2/2017Price has risen up to around 2520, And we are still holding the back retest of the blue median line as possible resistance. Look to see if price continues holding on to the back, or if we suddenly have a large surge back into the median line to continue higher. We are having a hard time to break back into it. We are also still at the top of the action reaction set.
SandP 500 E-Mini Futures 60 CME Updated 10/2/2017Price had zoomed through the blue median line, and we had mentioned that it could be possible for price to continue to the upper median line. We have done just that and are currently at strong resistance at the upper median line. Look to see if price is going to continue through and retest as support to go to warning line 1, or if price will retrace down to the sliding parallel to show if there will be support or not.
SandP 500 E-Mini Futures 60 CME Updated 9/28/2017Price has come up and touched resistance at 2506, and his coming down again. We had good touches on Warning Line 1, but now it his broken down after also hitting the next median line as I had mentioned yesterday. Look for price to continue down to 2495 then 2488 then possibly 2480 if the rejection at 2506 holds.
SandP 500 E-Mini Futures 60 CME Updated 9/27/2017Price has come down to warning line 1 and held support at 2488, and is now riding the warning line 1 and trying to break 2500 again. If we break 2500, look at 2506 as next resistance. For diagonal resistance, look for the next sliding parallel, and the bottom retest of the blue median line.
SandP 500 E-Mini Futures D CME Updated 9/27/2017Price has hit the top of the action reaction set and the blue median line confluence. Look to see if price continues to drift down from here. Look at 2480 2450 and 2420 as suport if we go down. The other option would be for price to gain momementum and break into the fork again.
SandP 500 E-Mini Futures 240 CME Updated 9/27/2017Price is coming up under the middle median line and is following the back retest of the median line. As long as price is under the median line, it has the possoibility of drifting down to the next median line. Watch 2488 support, and 2505 resistance to see where price will go to.
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 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.