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SandP 500 E-Mini Futures 60 CME Updated 11/16/2017Price continued to break down yesterday and dropped all the way to the sliding parallel that we had also drawn in. It broke down faster than we thought, but price stopped at support at the sliding parallel and support at 2557 area and reversed. We are again now at the resistance point of the sliding parallel and we may drop a bit from here.
SandP 500 E-Mini Futures 60 CME Updated 10/31/2017Price has made its way lower after hitting 2577. We need to watch price here and a little higher at 2577 to see if we have any resistance that would continue the down sloping fork. if price breaks 2562 look for 2541. If price rises above 2577 and tests as support look for the upper sliding parallel as resistance again.
SandP 500 E-Mini Futures D CME Updated 10/31/2017Price has retouched the sliding parallel and showed resistance again. Look to see what price will do here. If we make a move to the upside, we have to break the sliding parallel and retest as support. If we are going to break down to 2480 area, we need a break of the blue line and retest on the way down.
SandP 500 E-Mini Futures 60 CME Updated 10/2/2017Price had zoomed through the blue median line, and we had mentioned that it could be possible for price to continue to the upper median line. We have done just that and are currently at strong resistance at the upper median line. Look to see if price is going to continue through and retest as support to go to warning line 1, or if price will retrace down to the sliding parallel to show if there will be support or not.