SandP 500 E-Mini Futures D CME Updated 8/29/2017Price has broken below the sliding parallel of the sideways upward sloping action reaction set. Look to see price continue to fall to the 2400 area. Price has respected resistance at the 2450 area.
Market Geometry
SandP 500 E-Mini Futures D CME Updated 8/28/2017Price has dropped under 2451 and retested. Look to see if price can hold here to go lower. Price may continue lower to 2400 to support.
SandP 500 E-Mini Futures 240 CME Updated 8/28/2017 Price hit resistance near 2452. Look to see if price should be able to continue down after holding near this support near 2439. If we try to go bock up I could see 2461 area and the upper median line as resistance.
SandP 500 E-Mini Futures 60 CME Updated 8/28/2017Price climbed higher, but was push down again from 2452 resistance. We are now at 2437 support, so look to see if we should hold here a bit before trying to go lower, as we are still in a down trend on this time frame.
SandP 500 E-Mini Futures 60 CME Updated 8/25/2017Price has come up to try to test prior resistance near 2454. Look to see if price will hold resistance there and continue to drop. If we continue to rise look for 2460 and warning line 1 to act as resistance.
SandP 500 E-Mini Futures D CME Updated 8/25/2017Price has broken down, hit resistance at the 2450 area, then is now showing support at the sliding parallel of the AR set. Look to see if 2450 will stay as resistance and we could see a drift further down to 2400.
SandP 500 E-Mini Futures 240 CME Updated 8/25/2017 Price has reversed at 2440, and is now hitting the sliding parallel. Look for price to show if it can drop again from here, as this is a potential resistance area. Look to see if we break through, or break down from here. If we break to the upside look for 2463.
SandP 500 E-Mini Futures 240 CME Updated 8/24/2017Price has dropped down from 2450, and is now resting on possible support near 2440. I have drawn in the channel that we are in within the fork, so look to see if price will continue down possible for another move. 2440 is possible heavy support, so if we break down below 2440 and 2416 look for a possible break and retest of the middle median line.
SandP 500 E-Mini Futures D CME Updated 8/24/2017 Price retested the 2450 area again to the and is going down. I added a hidden sliding parallel that is showing good frequency with the same frequency as the sideways channel we are in. See if we can break below the next support level and continue to the 2400 area.
SandP 500 E-Mini Futures 60 CME Updated 8/24/2017Price has bounced off of resistance near 2448, and is now down to test the middle median line again. Look to see if price can hold as support here and go a bit higher. We tested near the 2432 area as predicted that we had mentioned before. I have drawn in a possible sliding parallel line here, as it may act as support.
SandP 500 E-Mini Futures 60 CME Updated 8/23/2017Price is moving along the fork nicely still. We had a retest of the upper median line, and now price has bounced off of the middle median line. Look for price to drop maybe again to the 2432 level. If we make a new high, we could see a new upward fork possible.
SandP 500 E-Mini Futures D CME Updated 8/23/2017Price has broken under 2455 area, and is now coming up to retest as resistance. I am looking to see if price will go lower still to the 2400 area.
SandP 500 E-Mini Futures 240 CME Updated 8/23/2017Price has gone up to hit the back of the sliding parallel and is come back don to the 2439 area. Look to see if price will stop there as support.
SandP 500 E-Mini Futures 240 CME Updated 8/22/2017
Price has hit near prior resistance near 2440. Look to see if price can hold this sliding parallel resistance here and continue to drop.
SandP 500 E-Mini Futures D CME Updated 8/22/2017Price has continued down, with a pause here. I still think price should continue to the 2400 area to show a test of support. Conside also the new channel, as price may touch the convergence of the lower trendline with the support line of 2400.
SandP 500 E-Mini Futures 60 CME Updated 8/22/2017Price is hitting near a previous resistance point around the 2433 level. If price decides to go higher we could see the previous level around 2441 as a possibility. If price continues lower look again for a retest of the pink warning line 1.
SandP 500 E-Mini Futures 60 CME Updated 8/21/2017Price has started to show support on a triple touch of the 2420 area. Look to see if price can rise to 2433 and show resistance. If not, we may go to the next median line or 2448 before showing another resistance point.
SandP 500 E-Mini Futures D CME Updated 8/21/2017Price is still dropping lower, but we may see a pause here for the next couple days. I am still looking for price to hit support eventually near 2400, so look for that.
SandP 500 E-Mini Futures 240 CME Updated 8/21/2017Price has started to show a large candle here to the up side, we may have a pause here at the convergence of the blue warning line 1 and the support line at 2417.50. Look to see if price rises a little from here to the sliding parallel or 2440 area before hitting resistance again.
SandP 500 E-Mini Futures 240 CME Updated 8/18/2017Price hit the upper median line again and dropped sharply to the middle median line again as I had mentioned as a strong possibility if we could not get above 2477. Look to see if price holds here at the middle median line as support. If price breaks through here, price willl continue to the pink lower median line. I think price should come up to at least 2440 to test resistance first.
SandP 500 E-Mini Futures 60 CME Updated 8/18/2017Price broke down after hitting 2474 area as well as warning line 1. We are now under the lower pink median line, and showing frequency to the downside. After such a large move to the downside, look for price to retrace a bit up maybe to 2439 area to test resistance there. Price has dropped, as I had mentioned in my previous posts to look for.
SandP 500 E-Mini Futures 60 CME Updated 8/17/2017 Price has hit the warning line 1 and is breaking down and flowing with the angle of the fork. Look to see if price can break 2463 hard and retest as resistance. Price may fall back into the fork, and then show another move back to the middle median line.
SandP 500 E-Mini Futures D CME Updated 8/17/2017Price is starting out today drifting lower. Look to see if price can continue down to at least the 2450 area in the next few days.
