Andrew's Pitchfork
SandP 500 E-Mini Futures 240 CME Updated 7/31/2017Price is starting to show a possibility of coming down as price is respecting this yellow downward fork. Look to see if we can break this fork to the upside. I have marked 2 places where price is showing sliding parallels that may be predicting movement to the downside.
SandP 500 E-Mini Futures D CME Updated 7/31/2017 Price has started to try again to pop up past resent minor resistance, but we are struggling to continue up from the sliding parallel. Look to see if price will break down back to the 2450 area or continue up from here. We have a channel that we need to break out of that has a slightly less bullish angle.
SandP 500 E-Mini Futures 60 CME Updated 7/27/2017Price has continue up higher to brea 2476, and has hit the sliding parallel as resistance twice. ook to see if price can continue higher past the sliding paralle and hold 2476 as support. Price needs to continue higher to stay in the trend up to the upper median line.
SandP 500 E-Mini Futures 60 CME Updated 7/26/2017Price is continuing its upward momentum and trying to push through 2476. Look to see if we can get through the upper most sliding parallel resistance and continue higher to the upper median line. Price is showing very good frequency on this angle of sliding parallel many times.
SandP 500 E-Mini Futures 240 CME Updated 7/25/2017Price has continued up higher past the median line and is now resting on the sliding parallel. Look to see if price can try to break higher past 2476 from here, or if it acts as resistance. We should continue on the path of the blue fork to the upside, and be able to hit the upper parallel again. Look out for trend line resistance in yellow.
SandP 500 E-Mini Futures 60 CME Updated 7/24/2017I have drawn in a smaller blue median line fork to the upside to show that the current path of price is taking a pause. Price is now at the sliding parralel of the median line, and should hold here to try to push higher. We should eventually be able to get to the upper median line of the yellow pitchfork.