SandP 500 E-Mini Futures 60 CME Updated 11/17/2017 Price has broken to the upside out of the downward sloping fork. Look to see if price can continue on this blue median line path to the upside.
Actionreaction
SandP 500 E-Mini Futures D CME Updated 11/17/2017 Price has held the blue median line as support for the time being. Look to see what price does in the next few days.
SandP 500 E-Mini Futures 240 CME Updated 11/17/2017 Price has come back up to the upper pink median line, after nearly touching the median line and finding support at 2562 and the sliding parallel. Look to see if price comes up to try to break 2594 area.
SandP 500 E-Mini Futures 240 CME Updated 11/16/2017 Price dropped down to below the blue median line as we had mentioned as a possibility. We are now near the 2577 area which could act as possible resistance to the upside. If we start to drop again we could see the blue median line as support or 2562 again.
SandP 500 E-Mini Futures D CME Updated 11/16/2017Price is at the bottom blue median line and is trying to break down. Look to see if price breaks down and hits support at 2545.
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.
COPX - Copper follows the ForkPrice overshoot the U-MLH of the downsloping Fork, but came back into the Fork.
Now there is a big chance that price will make a nice move to the downside.
Besides COPX I usually doublecheck with the HG1! Futures, and they are in line now.
Curious if it falls down to the Centerline, or if it stops at the L-MLH.
P!
ETHER / BTC Fight - Who Wins?As I see this pair fighting and Ether has already broken the U-MLH and is baking it's ground.
IMO it needs more for Ether, but let's observe these "ampere bugs"...
P!
SandP 500 E-Mini Futures 60 CME Updated 11/15/2017Price is at support near the 2564 area. Look to see if price will rise some from here for a bit to 2571 before possibly continuing lower.
SandP 500 E-Mini Futures 240 CME Updated 11/15/2017 Price has dropped down from 2594 and is now at support at 2562 area. Look to see what price does here. If we break and continue lower low for 2541 eventually as support. Price will follow the pink median line until it breaks to the upside.
SandP 500 E-Mini Futures D CME Updated 11/15/2017 Price has broken now the lower blue median line. Look to see if price will continue down to support and 2545 and see what it does. We had multiple tests of resistance at the sliding parallel, and now we are drifting out of the fork which is a bearish sign.
CL - Crude on its travel to the southThis is a nice example how:
a) price reaches the Centerline (...over 80% of time) even multiple times
b) forks catching price extremes very good
c) action/reaction can be uncovered in the markets (...hi Newton, thanks for your axioms ;-) )
Of course, you just can use the Forks and it's ruleset to catch high probability trades.
But if you dig deeper and "learn to earn", then you have a good chance to become a happy camper sometimes...
P!
...give the ForkTrading BLUEPRINT a try! (...see footer!)
SandP 500 E-Mini Futures 60 CME Updated 11/14/2017Price is breaking down along the sliding parallel with multiple touches. If we continue to break down, look for 2571 as a possible point of support, as well as the middle median line, and the sliding parallel below the median line.
SandP 500 E-Mini Futures D CME Updated 11/14/2017 Price is at the lower blue median line. Look to see if price will break through and continue lower. If we do break through, look for 2544 as support.
SandP 500 E-Mini Futures 240 CME Updated 11/14/2017Price has started to show it may turn over after hitting the sliding parallel resistance again and pointing down. Look to see if we break 2577 and then continue lower.
SandP 500 E-Mini Futures 240 CME Updated 11/13/2017Price has come up to hit the sliding parallel as resistance, and is drifting down look for 2563 area as support, as well as the middle median line.
SandP 500 E-Mini Futures D CME Updated 11/13/2017 Price is near the lower blue median line, and it appears that it may try to break it. Look to see what price does here in the next couple days, as this is the long term trend, and a hard break would be bearish.
SandP 500 E-Mini Futures 60 CME Updated 11/13/2017 Price did as expected and mentioned in my last post on this timeframe. I had mentioned price shouldcome up to 2585 or 2580 then give a signal to possibly drop. We now are at support at 2571, but it appears that it may break. If we do break here, look to the median line, and also 2565 as support to show if it may continue to the upside.
SandP 500 E-Mini Futures D CME Updated 11/10/2017 Price has dipped and found buying again at the lower median line, but price is looking like it may try to drop here out of the fork. Look to see if we can break 2593, or if we will come down through the pitchfork and break down.
SandP 500 E-Mini Futures 240 CME Updated 11/10/2017Price has moved down slightly after touching the the sliding parallel that had acted as support, as now resistance. Look to see what price does as it rises here, because there may be continued weakness.
SandP 500 E-Mini Futures 240 CME Updated 11/9/2017 Price has dropped from the 2594 area as resistance and is testing now 2577. Look to see if price will break down here andretest 2577 as resistance to cantinue lower. If that happens we could see 2567 and 2543 eventually. Also look for the pink median line.
SandP 500 E-Mini Futures D CME Updated 11/9/2017Price has dropped down after touching resistance multiple times. Price looks like it may break the blue median line now. If it breaks hard, we may be in for a consolidation.
SandP 500 E-Mini Futures 60 CME Updated 11/9/2017 Price could not break above resistance, and hit resistance again at 2593 area and dropped. It looks like it could continue as the move is large to the downside. Look to see if 2577 or 2570 will hold as support
