Medianlineset
SandP 500 E-Mini Futures 240 CME Updated 8/21/2017Price has started to show a large candle here to the up side, we may have a pause here at the convergence of the blue warning line 1 and the support line at 2417.50. Look to see if price rises a little from here to the sliding parallel or 2440 area before hitting resistance again.
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.
SandP 500 E-Mini Futures 60 CME Updated 8/16/2017Price has risen off of the test of the upper median line, and retested warning line 1 on the blue fork as well as hit the warning line 1 on the pink and formed a possible double top formation as well around 2475. Look to see if this area holds as a possible resistance area here.
SandP 500 E-Mini Futures 60 CME Updated 8/15/2017Price has hit warning line 1 and he has come down to retest the upper median line parallel. We have just made a V formation, so look to see if we wil continue down or hold here. Price has started to make lower lows and showing weakness, so lets see if price will stay under the 2477-2480 area.
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.