Medianline
SandP 500 E-Mini Futures 60 CME Updated 6/28/2017As mentioned yesterday, I had said that we could see a retest of the 2417 areas as a possibility. Price is now bouncing off of the 2417 area and is at possible resistance here at the median line. I think price may drop here or continue up a little bit more to 2428 before possibly falling again.
SandP 500 E-Mini Futures 240 CME Updated 6/26/2017I drew in an alternative view today of the up fork that is showing good frequency today. Price has had multiple touches on the sliding parallels of this pitchfork modified schiff median line. I am still considering also the regular median line in dashed yellow, as a potential break and retest of WL1 to continue higher.
SandP 500 E-Mini Futures 60 CME Updated 6/21/2017Price has come down a bit from hitting near the median line around 2451 area. look to see if price wil bounce up fro here on the double test of the lower median line as marked. If not. we could passible see a new trend down as marked with the yellow fork, as price is showing a bit of weakness now.
SandP 500 E-Mini Futures 240 CME Updated 6/21/2017Price came down a bit from the WL1, I had thought that it may continue extending, but it pulling back a bit to fall back below the wl1. Look to see the sliding parallel line as marked to continue the trend, or possible a rise from here with hidden support as marked.