Actionreaction
SandP 500 E-Mini Futures 240 CME Updated 4/5/2017Price has moved up from the middle median line at 2351 area, after retesting and breaking the WL1. We have resistance here at 2376 and also the Daily time frame, so be careful if initiating any new trades. It would be very possible to pause here or 2383 area.
SandP 500 EMini Futures 60 CME Updated 4/4/2017Price has come down after hitting the WL1. Look to see if price will continue down after hitting the sliding parallel minor support. We also have minor support at 2340 and 2333, with major support down at 2318 area. If we do continue up look for resistance again at the wl1, and then higher at 2365.
SandP 500 E-Mini Futures 240 CME Updated 4/4/2017Price has continued lower after hitting the WL1, as predicted in previous posts. Look to see if price continues to drop, as its descent is starting to slow a bit, and we are also at the blue median line sliding parallel. We have opposing lines of force, but overall the trend is still starting to go down especiall after the break of 2351.
SandP 500 E-Mini Futures D CME Updated 4/4/2017Price has continued to show weakness of of the top AR set as well as downward pointing trend line. Look to see if price will break the upward sliding parallel or if it will hold and try to go back to 2390 area. It looks as if price is gaining momentum to the downside, but we could also be in a small range as well. If we break the sliding parallel and the blue median line up fork we may continue to drift much lower.
SandP 500 E-Mini Futures 60 CME Updated 4/3/2017Not a big surprise here that price has been turning now. Look to see if 2350 area can continue as resistance. We have opposing forks, but the dominant trend is stall looking like it may be down. See if we can break 2333, and 2317, or if this sliding parallel will hold and we will go back up to 2383 area.
SandP 500 E-Mini Futures 240 CME Updated 4/3/2017Price has started to drop now that it has hit 2365 area and WL1. I had mentioned that this is very possible in previous posts. Price hit the back test of the sliding parallel exactly, and is now pulling back. This looks to be a bearish signal. Lets see what price does at the retest of 2350-2 area resistance, now to see if it will continue lower to 2331 area.
SandP 500 E-Mini Futures 240 CME Updated 3/31/2017Price has come up to 2365 after hitting support at 2320 area. See if price can break through 2365. If it does we could see a retest of 2365 as support and a move to 2383. If we hold resistance here, price should go back down to 2352 then 2337 area and also should hit the upper median line as support.
SandP 500 E-Mini Futures D, CME Updated 3/30/2017Price has come up after touching the sliding parallel. We are near a possible slanted resistance Action Reaction line, but it has to be validated on the next touch to signal a possible bearish continuation in the next weeks. Look to see if 2389 and 2400 can be touched and broken through. If we break those, then you can see a possible continuation to the next sliding parallel or the middle blue median line. If we break down on the upper slanted action reaction line, then you may see 2190 area in the next few weeks.
CL - Crude landed - bullseye!This was the former post. Read it and learn how this did unfold.
And now I will wait for a retetst of the centerline.
In my brain there is the Weekly chart...it's L-MLH is breached! This means, that price will test/retest it on the weekly bevor falling off the cliff if it really does. If this is the case, then the gas station has to pay us...
Here's the weekly:
Trade small and often, not bold and seldom, to enhance your chances to win!
P!
SandP 500 E-Mini Futures D CME Updated 3/29/2017Price has stopped on the sliding parallel momentarily as predicted in previous posts. Look for price to see what it will do here at 2350. I wouldn't be surprised if we go back up to try to couch the 2389 minor resistance at this point, but price looks like it may try to range.