Get started

Medianline

SndP 500 E-Mini Futures 240 CME Updated 3/24/2017Price has come up and hit the sliding parallel dropped, retested, then dropped again. Look to see price continue to fall within this median line set, with a strong possibility to continue to the 2313 area, then to the 2300 if that breaks as well. This would complete an abcd pattern from the steep drop on 3/21/2017 that the fork had predicted as well. I added the blue pitchfork median line warning lines out to 4 to show that each time price will break down through them, then come up and retest them as resistance usually near another resistance point. Something that I found to be very interesting.
CME_MINI:ES1!
by eaglestar
SandP 500 E-Mini Futures 60 CME Updated 3/24/2017Price has come up to the sliding parallel marked yesterday and also near resistance around 2357 area and dropped. We had a test of the line, broke down to near the 2336 minor support and middle median line, then a retest and further drop near 2351, so it appears that we make continue lower. Look to see if we can break the recent low of 2333 area. If so we should continue to make at least an abcd pattern to the downside which could be around 2310 as a symmetrical low.
CME_MINI:ES1!
by eaglestar