SandP 500 E-Mini Futures 60 CME Updated 5/26/2017 Price is continue to follow the frequency on the lower blue median line. Look to see if it drops back down to the 2404 area before going higher. I do think price may be a bit extended at this point. It has gone up around 75 points since the bottom near 2344. I added the pink median line as a possibility, We would have to break 2404 and lower to see any trade possibility with this fork.
Medianline
SandP 500 E-Mini Futures 240 CME Updated 5/26/2017I have added an old fork that has captured price nicely to show the recent drop in price. I am looking to see if price comes down to touch and continue we could go to WL1 of the blue fork or at minimum around 2440. Watch price action as it comes down.
USDCADHello,
First of all sorry for the cluttered view, I tried to make it as clean as possible.
On the chart we have several pitchforks to indicate where price is headed.
The sliding parallel which has been projected more than once keeps on being
respected by price. The smallest(black) pitchfork still holds value as its
warningline(black dashed line) formed a confluence with the projected
sliding parallel at which price bounced after contact.
I do understand this analysis is too late as price already bounced but a retest
might give you a second chance!
Goodluck
SandP 500 E-Mini Futures 60 CME Updated 5/24/2017 Price is starting to stall at the upper median line area and the 2403 area as mentioned yesterday. Look to see if price can dip below 2394.50 area. If it can, then look for a test of the upper gold median line before showing you what it is going to do.
EurUsd Daily bullishHi everyone,
The chart says it all, except that like we all know there is a bearish bat on the daily timeframe, my advise is to not just trade it for the sake of being a nice pattern. Your total analysis should built a strong case to take the trade in either direction.
Good luck !
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.