SandP 500 E-Mini Futures 240 CME Updated 5/23/2017Price has come up from filing the gap around 2350 area. Look to see if price holds in this area on the downward sloping sliding parallel and the 2400 area resistance. I have also added the yellow median line to show possible resistance soon in this area, as confirmation.
Andrew's Pitchfork
SandP 500 E-Mini Futures 60 CME Updated 5/19/2017Price has hit the 2345 area and bounced higher to come back up to the middle median line parallel, and also near the 2375 areas that we had talked about earlier. Look to see if price stops here and starts to show some resistance for another possible move to the downside. Gap has been filled.
SandP 500 E-Mini Futures 240 CME Updated 5/19/2017Price has come down from the top around 2401, and has almost hit the symmetrical point on the sliding paralell on the median line as marked by an arrow. This is good enough to say that price has completed the fork, but look to see if price continues to follow the downward path.
SandP 500 E-Mini Futures D CME Updated 5/19/2017 Price has come down to touch the blue median line as predicted and is trying to rise again, but I don't see that happening in the short term. We have a huge reversal candle that has formed at 2401, so it will take some time I think to build up more momentum to break higher than the upper most sliding parallel.
SandP 500 E-Mini Futures 240 CME Updated 5/17/2017Price has come down to the 2344 area and is retracing a bit. Look to see if price can co up to touch the 2376 area as resistance and drop back down. I see price could com back to the median area, as this seems to be the possible start of a correction move.
SandP 500 E-Mini Futures D CME Updated 5/17/2017Price has stopped and turned now much lower after not being able to break the 2400 level and is about to break down below the blue fork again for the first time since the presidential election. Look to see if we break down, because we may be starting a new downward fork.
SandP 500 E-Mini Futures 60 CME Updated 5/17/2017 Price dropped as expected under the 2376 and 2365 to fill the gap as we had mentioned a few times in the last few posts. We have found a prior support point at 2345 to give us a beak it looks like, but don't be suprised if price eventually comes back down to 2330 or 2323 before bouncing harder.
SandP 500 E-Mini Futures 60 CME Updated 5/17/2017Price has come down and reached the lower median line and also touched support at 2365. It looks like price will continue lower eventually to fill he gap as well. Look to see if price will break 2365 area and retest as resistance to continue lower to the lower WL1
SandP 500 E-Mini Futures 60 CME Updated 5/15/2017Price has bounced on the WL1 as mentioned in last Fridays post onthe 60 minute time frame. We could see a continuation higher to retest the back of the lower blue median line, but watch closely this area to see if price will stall. I am thinking price will come bock down a bit to maybe the 2394-296 area before showing if it will continue, but one thing is for sure, that the WL1 line is a good support line.