SandP 500 E-Mini Futures 240 CME Updated 5/22/2017Price has come back up past resistance at 2376, and is now to 2389 resistance and also at the down sloping pink median line. Look to see if price can drop from here.
Medianlines
SandP 500 E-Mini Futures D CME Updated 5/22/2017Price has bounced from the lower median line and is now retesting the back of the sliding up sloping parallel. Look to see if price can come back down from here. If it does, I am looking at 2320 area as possible support.
SandP 500 E-Mini Futures 60 CME Updated 5/19/2017Price has hit the 2345 area and bounced higher to come back up to the middle median line parallel, and also near the 2375 areas that we had talked about earlier. Look to see if price stops here and starts to show some resistance for another possible move to the downside. Gap has been filled.
SandP 500 E-Mini Futures 240 CME Updated 5/19/2017Price has come down from the top around 2401, and has almost hit the symmetrical point on the sliding paralell on the median line as marked by an arrow. This is good enough to say that price has completed the fork, but look to see if price continues to follow the downward path.
SandP 500 E-Mini Futures D CME Updated 5/19/2017 Price has come down to touch the blue median line as predicted and is trying to rise again, but I don't see that happening in the short term. We have a huge reversal candle that has formed at 2401, so it will take some time I think to build up more momentum to break higher than the upper most sliding parallel.
SandP 500 E-Mini Futures 240 CME Updated 5/17/2017Price has come down to the 2344 area and is retracing a bit. Look to see if price can co up to touch the 2376 area as resistance and drop back down. I see price could com back to the median area, as this seems to be the possible start of a correction move.
SandP 500 E-Mini Futures D CME Updated 5/17/2017Price has stopped and turned now much lower after not being able to break the 2400 level and is about to break down below the blue fork again for the first time since the presidential election. Look to see if we break down, because we may be starting a new downward fork.
SandP 500 E-Mini Futures 60 CME Updated 5/17/2017 Price dropped as expected under the 2376 and 2365 to fill the gap as we had mentioned a few times in the last few posts. We have found a prior support point at 2345 to give us a beak it looks like, but don't be suprised if price eventually comes back down to 2330 or 2323 before bouncing harder.
SandP 500 E-Mini Futures 60 CME Updated 5/17/2017Price has come down and reached the lower median line and also touched support at 2365. It looks like price will continue lower eventually to fill he gap as well. Look to see if price will break 2365 area and retest as resistance to continue lower to the lower WL1
SandP 500 E-Mini Futures 240 CME Updated 5/17/2017 Price turned and rolled over near the 2400 area that we have been talking about for some time now. We are currently under the 2376 area and are possible to go lower to fill the gap from 2 weeks ago which was from the result of the French election. Look for the 2357 area and the 2336 area as possible support targets, but I have also drawn in the median line with the same spacing as above and below which is also the main potential target, which is marked with a blue arrow.
SandP 500 E-Mini Futures D CME Updated 5/17/2017Price hit 2401 area again and is dropping hard today, look to see if 2372 is going to break and also the gap to be filled around 2370 area. If the blue median line breaks, you could see a drop farther down, even to possibly 2320 area.
SandP 500 E-Mini Futures 60 CME Updated 5/16/2017 Price is at 2403 and has pulled back a bit. Look to see if price will break 2403. We had another WL1 test at the support which was prior resistance at the 2394 level.
SandP 500 E-Mini Futures 240 CME Updated 5/16/2017Price has come back to test the 2401 area. Look to see if price will hold here as resistance or break and retest as support. Price has been holding at the 2375 area.
SandP 500 E-Mini Futures D CME Updated 5/16/2017Price has come back up to retest 2401 area. Look to see if price can break down from here, or if it will go through and retest as support.
SandP 500 E-Mini Futures 60 CME Updated 5/15/2017Price has bounced on the WL1 as mentioned in last Fridays post onthe 60 minute time frame. We could see a continuation higher to retest the back of the lower blue median line, but watch closely this area to see if price will stall. I am thinking price will come bock down a bit to maybe the 2394-296 area before showing if it will continue, but one thing is for sure, that the WL1 line is a good support line.
SandP 500 E-Mini Futures 240 CME Updated 5/15/2017Price has tested the 2400 area here, and is forming a pin. Look to see if price can break higher and retest as support, otherwise we may see a turn down back agoin to 2388 and 2375.
SandP 500 E-Mini Futures D CME Updated 5/15/2017Price is retesting the 2400 area. Look to see if we can break it and retests as support, or holds as resistance, as price has bounced off of the sliding parallel.
SandP 500 E-Mini Futures 60 CME Updated 5/12/2017Price has bounced on WL1, but is also showing resistance now at 2388 area. look to see if price can hold from here, or if it will continue turning over. if we go lower i could see 2361 eventually being touched, but 2377 is acting as major support at the moment.
SandP 500 E-Mini Futures 240 CME Updated 5/12/2017Price has bounced on 2378 and is trying to break 2388 again. Look to see if price can rise from here in the next few days.
SandP 500 E-Mini Futures D CME Updated 5/12/2017Price has dropped from 2400 and is now holding at the sliding parallel. Look to see if price can break down more in the next days, or if it will hold here. We are still in an over all uptrend, following in the blue fork.
SandP 500 E-Mini Futures 60 CME Updated 5/11/2017Price has dropped out of the up blue fork, and now is following the pink fork. Look to see if price holds at resistance 2389, and continues to drop. I am looking to see price go again down to 2375 area and eventually lower, but watching as price rolls over.
SandP 500 E-Mini Futures 240 CME Updated 5/11/2017Price has come down farther from the 2400 level today, and is currently trying to hold at the 2375 area and also the lower blue median line. I have added the downward pink fork, which is also aligned with the upward blue fork and has shown good symmetry. Look to see if the low of the action reaction set will hold.
SandP 500 E-Mini Futures 60 CME Updated 5/10/2017Price has bounced from the 2388 level and is trying to hold, however we are hitting the sliding parallels that have captured some of the lows as resistance. If we break 288 hard you could look as a retest of that level as potential downside trigger, as well as the break of 2377. We must stay above 2394 and try again to break 2400 area and retest as support to show we can move higher.
