Medianline
SandP 500 E-Mini Futures 60 CME Updated 5/10/2017Price has bounced from the 2388 level and is trying to hold, however we are hitting the sliding parallels that have captured some of the lows as resistance. If we break 288 hard you could look as a retest of that level as potential downside trigger, as well as the break of 2377. We must stay above 2394 and try again to break 2400 area and retest as support to show we can move higher.
SandP 500 E-Mini Futures 240 CME Updated 5/10/2017Price is near the resistance zone of 2388-2400. Price has come down from 2400 and is trying to hold at 2388 to go higher. Look to see what we do in the next couple days. I need to see price either break 2400 and retest as support, or price break the 2388 and 2375 area to signal a short fade opportunity.
SandP 500 E-Mini Futures 60 CME Updated 5/9/2017 I have drawn in the upward yellow gap pitchfork to see if price can break it and fall out of this upward frequency, or if it may continue. Look for a break and retest to the down side if possible, and then I may draw in a new downward fork on the retracement. Look to see if price will come down to test the bottom dashed pink line, or even lower of 2375-2366.
SandP 500 E-Mini Futures 240 CME Updated 5/9/2017Price has stalled at 2400, and is starting to come down. We have hit a minor sliding parallel, and we will see if price can try to come back up to 2400 to test again. Loo to see if 2388 will be tested and broken as well. Price needs to make up its mind in this area.
SandP 500 E-Mini Futures 60 CME Updated 5/8/2017Price has made a new higher highon this timeframe near 2404. We are now retesting 2389 area as support and holding, so it appears that we may continue higher, however, look at the red trendline and notcie how we cannot break it. There is a hidden frequency here that is creating a slowing down of the force of the upward move. To continue, we must break the upper pink line and hold as support to go to next level.
SandP 500 E-Mini Futures D CME Updated 5/5/2017Price is still stalling near resistance at 2391 area. Look to see if price can break to the upside later today or early next week. We could also see a drop lower to fill last weeks gap as well to the 2352 area. The lower timeframes are showing a possible retrace bias.
SandP 500 E-Mini Futures 60 CME Updated 5/4/2017Price has come to test 2389 on some strong move up from the support at 2375. If we can break 2375 hard here could see a drop farther down, but at the moment price is in a range and not sure what to do. My bias is still to the downside, as we have not broken 2394 , and are not able to break 2389 as well.
SandP 500 E-Mini Futures 60 CME Updated 5/3/2017Price has come down off of the pink downward median line, and is now resting on a minor support sliding parallel. We could see some small bounce here or a bit lower near 2375 and 2367. Those will be a bit stronger areas to look to see if price can continue lower and fill the gap. My bias on this time frame is to the downside until the previous high at 2394 is toking out strongly.
SandP 500 E-Mini Futures 240 CME Updated 5/3/2017Price has started to drift lower after retesting the fork. I drew the larger fork on this time frame to emphasize the touching on the meddle median line. Look to see if price can break 2376 area. If so, we could have a much greater chance of dropping to 2350 area and lower.
SandP 500 E-Mini Futures 60 CME Updated 5/2/2017
Price has shown that 2389 area is a strong resistance area at the moment. We are again at the upper sliding parallel, so we have to see if in fack price will hold here or start to drift lower. We have had 2 retests on the upper parallel of the downward pink median line, so we are showing that price has fruequency as well as price did show fruequency prior an the sliding parallel that is marked. Price may be starting to turn down and go lower.
SandP 500 E-Mini Futures D CME Updated 5/2/2017Price is here stalling at the 2390 area. Look to see if price will roll over and fill the gap from last week. If price is able to get back beneath the action reaction set and show frequency, we may be looking at a larger retrace., but currently we are above it, so still in the trend of the upward blue fork.
NZDCAD MML Entry at old battlegroundAs discussed last week, I am once again looking at NZDCAD with a short perspective.
The pink ML has yet to be hit, as the value area from around April 17 held price off for now. Price extended quickly up and found resistance where sellers took control previously. At this point in time it also coincides nicely with the pink UMLH and price action gave us a mini median line entry signal.
Can reasonably expect price to bounce off this area and test the recent break from the coil down below. Will certainly be looking to move to break even beyond dashed blue line.