Sandp500
SandP 500 E-Mini Futures 60 CME Updated 9/28/2017Price has come up and touched resistance at 2506, and his coming down again. We had good touches on Warning Line 1, but now it his broken down after also hitting the next median line as I had mentioned yesterday. Look for price to continue down to 2495 then 2488 then possibly 2480 if the rejection at 2506 holds.
SandP 500 E-Mini Futures 60 CME Updated 9/27/2017Price has come down to warning line 1 and held support at 2488, and is now riding the warning line 1 and trying to break 2500 again. If we break 2500, look at 2506 as next resistance. For diagonal resistance, look for the next sliding parallel, and the bottom retest of the blue median line.
SandP 500 E-Mini Futures 240 CME Updated 9/27/2017Price is coming up under the middle median line and is following the back retest of the median line. As long as price is under the median line, it has the possoibility of drifting down to the next median line. Watch 2488 support, and 2505 resistance to see where price will go to.
SandP 500 E-Mini Futures 240 CME Updated 9/22/2017Price has come down to the 2495 area. We are currently at the middle median line which could act as support along with the 2495 confluence. Look to see if price will continue down and go to 2488 and 2480 to try to search for support. We may hold here as support as well and try for another run up to the 2506 area.
SandP 500 E-Mini Futures D CME Updated 9/22/2017Price has hit the top of the action reaction set and the back of the blue median line retest and is now coming back down. Look for price to hit at a minimum 2480 then possibly 2450, We may see price go much lower if we do not get back into the blue median line
SandP 500 E-Mini Futures D CME Updated 9/21/2017Price has stayed at the top of the channel and the lower blue median line break and retest for some time now. We should see a break down or break out shortly, with the bias on it going to 2480 first, as the blue median line is acting as resistance at the moment.
SandP 500 E-Mini Futures 240 CME Updated 9/21/2017Price has come up past 2500, and has come back down to touch 2495 and hold as support. Look to see if price can hold here and continue upwards past 2505 and re test as support. if not, we are going to come down to 2487 and maybe 2480 again for another test.
SandP 500 E-Mini Futures 240 CME Updated 9/20/2017Price has come up past 2500 to stal at 2505. Look to see if price drifts back down to the sliding parallel or the next support area near 2495-2500 to show that it will continue. If price rises from here, look for the next sliding parallel and the upper blue median line as resistance.
SandP 500 E-Mini Futures D CME Updated 9/20/2017Price hs come to the top of the action reaction set. Look to see if price holds here at resistance and comes down to the 2486 area and lower. we are following the blue median line parallel and have not broke through and retested as support, which is a bearish sign.
SandP 500 E-Mini Futures 60 CME Updated 9/20/2017Price has stalled at the 2505 area. Look to see if price can break this level and continue upwards. Price could come down lower to 2500 area and the lower median line again if we don't see a follow through. Look for a break higher and retest of 2505 if we can get momentum.
SandP 500 E-Mini Futures 60 CME Updated 9/19/2017I have drawn in the modified schiff fork on this time frame, and have noticed the sliding parallel showing frequency that we are on right now. If we go down look for 2495 and 2488 as support. To the upside we can look at the blue median line, and the upper blue median line parallel.
SandP 500 E-Mini Futures D CME Updated 9/19/2017Price has moved higher, but is still following along the blue median line. Price will probably continue a bit, then break out aggressively either way. The line is acting like a magnet now as it follows along, which happens about 15% of the time near median lines. Notice that we are at the top of the yellow action reaction set as well, so this could also be a confluence of resistance points.
SandP 500 E-Mini Futures 240 CME Updated 9/19/2017Price is at 2505, and has pushed a bit higher after touching 2500. Look to see if price will continue upward to the next sliding parallel, before continue to the upper blue median line parallel. Price is hesitating a bit and looks a bit extended, so we would need a heavy push to get moving upwards.