Medianlineset
SandP 500 E-Mini Futures D CME Updated 5/5/2017Price is still stalling near resistance at 2391 area. Look to see if price can break to the upside later today or early next week. We could also see a drop lower to fill last weeks gap as well to the 2352 area. The lower timeframes are showing a possible retrace bias.
SandP 500 E-Mini Futures 60 CME Updated 5/4/2017Price has come to test 2389 on some strong move up from the support at 2375. If we can break 2375 hard here could see a drop farther down, but at the moment price is in a range and not sure what to do. My bias is still to the downside, as we have not broken 2394 , and are not able to break 2389 as well.
SandP 500 E-Mini Futures 60 CME Updated 5/3/2017Price has come down off of the pink downward median line, and is now resting on a minor support sliding parallel. We could see some small bounce here or a bit lower near 2375 and 2367. Those will be a bit stronger areas to look to see if price can continue lower and fill the gap. My bias on this time frame is to the downside until the previous high at 2394 is toking out strongly.
SandP 500 E-Mini Futures 240 CME Updated 5/3/2017Price has started to drift lower after retesting the fork. I drew the larger fork on this time frame to emphasize the touching on the meddle median line. Look to see if price can break 2376 area. If so, we could have a much greater chance of dropping to 2350 area and lower.
SandP 500 E-Mini Futures 60 CME Updated 5/2/2017
Price has shown that 2389 area is a strong resistance area at the moment. We are again at the upper sliding parallel, so we have to see if in fack price will hold here or start to drift lower. We have had 2 retests on the upper parallel of the downward pink median line, so we are showing that price has fruequency as well as price did show fruequency prior an the sliding parallel that is marked. Price may be starting to turn down and go lower.
SandP 500 E-Mini Futrues 60 CME Updated 5/1/2017Price is starting to show a frequency to the downside on this time frame. Look to see if price holds here or a bit above 2389 and starts to fall, or if price will hold on the sliding parallel. To me it seems on this time frame and this chart, that price should retrace soon, but lets see in the next couple days. The psychology of the market says that price should fill the gap, so I marked a possible move if that were to happen.
SandP 500 E-Mini Futures 60 CME Updated 4/28/2017Price has come down to prior mild support near 2379 area, and is now hitting the sliding parallel support as well. Look to see if price will rise a bit then come down to fill the gap. Price is looking drowsy after its big move up, so I would not be surprised to see this happen.
SandP 500 E-Mini Futures 240 CME Updated 4/28/2017Price has broken the blue middle median line. Look for price to continue lower, and watch far a retest of the upper pink median line. Price may fake out sell orders and try to take it higher to retest 2400, but look for frequency along the upper pink median line for possible short opportunities.
SandP 500 E-Mini Futures 240 CME Updated 4/27/2017Price has come down from resistance near 2389 level. The new down ward pink median line is showing frequency on the middle median line so look to see if price continues to drop, we may hit the middle median line. We have 2 conflicting forks, at this moment, so if price rises to test the uper pink median line, look for wide range bars and rejection to go short.
SandP 500 E-Mini Futures 60 CME Updated 4/26/2017 Price has come up past the blue middle median line and is now at 2387 area which is resistance. Look to see if price drops a bit from here to the middle blue median line to act as support, or if it continues higher, to the upper median line parallel. 2400 should be strong resistance which is noted on the 240 chart and the Daily chart.
SandP 500 E-Mini Futures 240 CME Updated 4/26/2017Price has broken the middle blue median line and is now at mild resistance. I drew in the action reaction set that is showing the recent frequency to see if we get any more resistance on it come up. We are approaching 2400 which should be a bit hard to break.