Medianline
SandP 500 E-Mini Futures 240 CME Updated 9/22/2017Price has come down to the 2495 area. We are currently at the middle median line which could act as support along with the 2495 confluence. Look to see if price will continue down and go to 2488 and 2480 to try to search for support. We may hold here as support as well and try for another run up to the 2506 area.
SandP 500 E-Mini Futures D CME Updated 9/22/2017Price has hit the top of the action reaction set and the back of the blue median line retest and is now coming back down. Look for price to hit at a minimum 2480 then possibly 2450, We may see price go much lower if we do not get back into the blue median line
SandP 500 E-Mini Futures D CME Updated 9/21/2017Price has stayed at the top of the channel and the lower blue median line break and retest for some time now. We should see a break down or break out shortly, with the bias on it going to 2480 first, as the blue median line is acting as resistance at the moment.
SandP 500 E-Mini Futures D CME Updated 9/19/2017Price has moved higher, but is still following along the blue median line. Price will probably continue a bit, then break out aggressively either way. The line is acting like a magnet now as it follows along, which happens about 15% of the time near median lines. Notice that we are at the top of the yellow action reaction set as well, so this could also be a confluence of resistance points.
SandP 500 E-Mini Futures 240 CME Updated 9/19/2017Price is at 2505, and has pushed a bit higher after touching 2500. Look to see if price will continue upward to the next sliding parallel, before continue to the upper blue median line parallel. Price is hesitating a bit and looks a bit extended, so we would need a heavy push to get moving upwards.
SandP 500 E-Mini Futures 240 CME Updated 9/18/2017Price has lifted higher to 2505, and is now drifting down a bit. Look to see if 2500 or 2495 holds as support. We have had the test at 2487 with the confluence of minor support. Look also for the upper sliding parallel and upper blue median line as resistance.
SandP 500 E-Mini Futures D CME Updated 9/18/2017Price has risen and is currntly moving along the retest of the lower blue median line parallel, and is close to the upper action rection set line. Look to see what price does between now at 2502 and 2510-15 to see if price will continue up or start to drift down. I do think we should see price drift down eventually to 2450 and 2400 again.
BTCUSD Just a pullback?I think this is still a pullback. Usually false breaks happen within a 1.125% extension of the previous range.This low was broken within at least a 1.25% and this catalogs this break as a real break and not just like a possible false break.
Let's see how this plays out.
Enjoy.
SandP 500 E-Mini Futures 240 CME Updated 9/14/2017 Price has broken up past the blue middle median line. Look to see if price can continue its upward momentum. I am expecting a small pullback to the middle blue median line or to 2480 to act as resistance, before possibly going higher. We are at all time highs, and a psych level, so I would not be surprised for volatility in this area.
SandP 500 E-Mini Futures 240 CME Updated 9/12/2017Price has risen and broken 2480. I have removed the down fork and have added the larger up fork. Look for price to show you if it will continue higher from here, or break down at the resistance level of 2488. If we break down look for support at 2480 and the 2475 area.
SandP 500 E-Mini Futures 60 CME Updated 9/11/2017Price has broken the downward fork, but still hasn't made a new high yet, so I will still leave it in the downward fork. Price is now at 2474 area, and is turning. Look to see if price fills the gaps, or breaks higher and tries to break 2480 and 2488.
SandP 500 E-Mini Futures D CME Updated 9/11/2017Price has slowly come up to the 2480 level again, after hitting the 2450 area as support. Look to see if price will break the 2480 resistance level, or if it will stop here and break down again. Price has broken out of the large blue median line, and is following the path of the upward sliding parallel, so it appears that price should try to touch the upper line near 2500 if we break out of the 2480 area. If we break down 2400 would be an area to look at also for support.
SandP 500 E-Mini Futures 240 CME Updated 9/8/2017 Price has broken down, and gone back into the down ward sloping pink fork. Look to see if price can break 2450 and continue, and provide a retest of support as resistance. If not, we could see 2450 act as support again, and have new buyers try to come in and push price higher.
SandP 500 E-Mini Futures D CME Updated 9/8/2017Price is coming off of the resistance line near 2480. Look to see if price will continue further down to the lower parallel channel, and see if price could possibly break it, as it seems that the current bar is pointing prices lower. If we break down look at the 2400 level as possible support, as well as the lower parallel channel line.