SandP 500 E-Mini Futures 240 CME Updated 5/4/2017Price has come to hit the 2388 area agin and drop. This is not good news for the bulls. Lets see if it gets some momentum to the downside and can break 2375.
Medianline
SandP 500 E-Mini Futures D CME Updated 5/4/2017Price has come again up to the resistance area near 2389. Look to see if price will drop here or go higher and try to hit the 2400 area. The resistance is showing strength, but price will tell.
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 D CME Updated 5/3/2017Price has started to slowly come down after hitting this band of resistance near 2389-2400. Look to see if price can come farther down to the next sliding parallel or a bit lower to fill the gap made last week.
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 240 CME Updated 5/2/2017Price is starting to try to turn down on the uper pink median line. Look to see if price can break below the 2376 area as well as the sliding parallel that we are resting on to give a greater confirmation of a drop to the downside.
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.
SandP 500 E-Mini Futrues 60 CME Updated 5/1/2017Price is starting to show a frequency to the downside on this time frame. Look to see if price holds here or a bit above 2389 and starts to fall, or if price will hold on the sliding parallel. To me it seems on this time frame and this chart, that price should retrace soon, but lets see in the next couple days. The psychology of the market says that price should fill the gap, so I marked a possible move if that were to happen.
SandP 500 E-Mini Futures 240, CME Updated 5/1/2017Price has dropped below the median line, but has been holding on the sliding parallel. Look to see if price will hold here and drop, or if we can go higher. Currently trend on this time frame is still up.
SandP 500 E-Mini Futures D CME Updated 5/1/2017Price is hitting resistance again near 2389. Look to see if price will turn from here or break 2400 and retest to go higher. Lower time frames are also consolidating across this area.
SandP 500 E-Mini Futures 60 CME Updated 4/28/2017Price has come down to prior mild support near 2379 area, and is now hitting the sliding parallel support as well. Look to see if price will rise a bit then come down to fill the gap. Price is looking drowsy after its big move up, so I would not be surprised to see this happen.
SandP 500 E-Mini Futures D CME Updated 4/28/2017Price has gone int the zone near 2390-2400 and is finding resistance. Look to see if price will drop from here lower matothe sliding parallel and fil the gap on the back side of the upper action reaction set line.
SandP 500 E-Mini Futures 240 CME Updated 4/28/2017Price has broken the blue middle median line. Look for price to continue lower, and watch far a retest of the upper pink median line. Price may fake out sell orders and try to take it higher to retest 2400, but look for frequency along the upper pink median line for possible short opportunities.
SandP 500 E-Mini Futures 240 CME Updated 4/27/2017Price has come down from resistance near 2389 level. The new down ward pink median line is showing frequency on the middle median line so look to see if price continues to drop, we may hit the middle median line. We have 2 conflicting forks, at this moment, so if price rises to test the uper pink median line, look for wide range bars and rejection to go short.
SandP 500 E-Mini Futures D CME Updated 4/27/2017Price has come up to the resistance zone and has shown there are some sell orders near the 2391-2400 area. Look to see what price does here, as it may very well drop a bit.
SandP 500 E-Mini Futures 60 CME Updated 4/27/2017Price is holding on the middle blue median line, but there is hesitation to go higher. Be careful here if you are long, because it looks like price is hesitating. Price had hit the 2387 area there were sell orders there as you can see price had a few large bars there.
SandP 500 E-Mini Futures 60 CME Updated 4/26/2017 Price has come up past the blue middle median line and is now at 2387 area which is resistance. Look to see if price drops a bit from here to the middle blue median line to act as support, or if it continues higher, to the upper median line parallel. 2400 should be strong resistance which is noted on the 240 chart and the Daily chart.
SandP 500 E-Mini Futures 240 CME Updated 4/26/2017Price has broken the middle blue median line and is now at mild resistance. I drew in the action reaction set that is showing the recent frequency to see if we get any more resistance on it come up. We are approaching 2400 which should be a bit hard to break.
SandP 500 E-Mini Futures D CME Updated 4/26/2017Price has bounced from the median line and is approaching strong resistance near 2388-2400. Look to see if price can break through. I would think that price may drop a few points from here before trying to retest the 2400 area.
SandP 500 E-Mini Futures 60 CME Updated 4/25/2017Price has come and broken the blue median line. Look to see if price comes to retest the middle median line or 2376 area.
SandP 500 E-Mini Futures 240 CME Updated 4/25/2017Price is breaking the blue median line to the upside now. Look for a retest of 2378 area, and see if it will go up and continue higher. I think price should turn near 2388 or 2400 and fill the gap.
