Medianlines
SandP 500 E-Mini Futures 240 CME Updated 8/18/2017Price hit the upper median line again and dropped sharply to the middle median line again as I had mentioned as a strong possibility if we could not get above 2477. Look to see if price holds here at the middle median line as support. If price breaks through here, price willl continue to the pink lower median line. I think price should come up to at least 2440 to test resistance first.
SandP 500 E-Mini Futures 60 CME Updated 8/18/2017Price broke down after hitting 2474 area as well as warning line 1. We are now under the lower pink median line, and showing frequency to the downside. After such a large move to the downside, look for price to retrace a bit up maybe to 2439 area to test resistance there. Price has dropped, as I had mentioned in my previous posts to look for.
SandP 500 E-Mini Futures 60 CME Updated 8/17/2017 Price has hit the warning line 1 and is breaking down and flowing with the angle of the fork. Look to see if price can break 2463 hard and retest as resistance. Price may fall back into the fork, and then show another move back to the middle median line.
SandP 500 E-Mini Futures 240 CME Updated 8/16/2017Price has formed a V after coming off of the pink median line, and has now again showed frequency by testing and retesting the upper pink median line. Look to see if price can stay stalled here and will continue down to the marked middle median line again.
EURGBP: That Would Be a Great TradePrice reached a long term resistance level where we already see a rejection, with sellers taking action. Going short from current level with sl and tp as shown in the chart is a very nice idea. As always all my setups offer great risk/reward ratio - at least a 3:1.
SandP 500 E-Mini Futures D CME Updated 8/14/2017Price has broken the large blue up fork, and we are now retesting the break. Look to see if price can hold here at resistance, and continue further down. I am thinking because of the large down bar last week that we do have a chance to break down farther to 2400.
SandP 500 E-Mini Futures 60 CME Updated 8/9/2017Price hit WL2 and fell which is not supprising as it has hit before and with good reaction. We have now dropped back into the downward pink fork and are following the frequency there. I would not be suprised if price wint up to the blue WL1 and then fell more perhaps to 2450 or lower
SandP 500 E-Mini Futures 60 CME Updated 8/7/2017I have added again the yellow modified schiff, as it has had nice touches on both the upper median line parallel, as well as the warning lines. Price has climbed up to 2480 area. Look to see if price will come down again to test the pink upper median line parallel. Look to see a possible breakout as we have been in a range for some time.
SandP 500 E-Mini Futures 240 CME Updated 8/7/2017Price is trying to break the 2480 area, but we do have a couple retests now on the upper yellow median line. Look to see if price will stay here, or if we could see a break down and a break lower below the pink trend line, which is also a loose sliding parallel.