Medianlines
SandP 500 E-Mini Futures 240 CME Updated 4/17/2017Price has started to com up after touching near prior support around 2320. Look to see if price continues lower from here, or is able to break the downfork and go higher. I am thinking that price should hit the median line, but as I said before, price has to break tho prior low to have more momentum to drop.
SandP 500 E-Mini Futures 60 CME Updated 4/13/2017Price has continue to drop to the low of 2333, as we have mentioned as a strong level on past posts. Price is now trying to stay above as support. Look to see if it breaks below and usinges the sliding parallel or the middle median line as resistance to keep going farther down.
SandP 500 E-Mini Futures 240 CME Updated 4/13/2017Price has come to drop below the blue up sloping fork that called the retest top near 2372. Look to see what price does at the Energy point, as I think it may be a big move. Right now the middle median line is at 2308, so see if we can accelerate and get a move lower. Price is respecting the original fork, but the lows are following the modified schiff on the 1h, which i don't usually see.
SandP 500 E-Mini Futures D CME Updated 4/12/2017Price is right at the sliding parallel line and about to break it to the downside. Look for 2318 and 2300 as first stops if this starts to turn over, which in my opinion it will. The frequency from the Action Reaction set is working quite well, so we may see a retest of the middle line eventually if we break down.
SandP 500 E-Mini Futures 60 CME Updated 4/11/2017Price has come up from bouncing at 2333 area as expected. I had thought that price may try to reach the upper median line parallel, but actually price stopped and dropped many times on the sliding parallel of the pink down fork. Also the middle blue median line acted as resistance, and price ran out of energy.
SandP 500 E-Mini Futures 240 CME Updated 4/11/2017Price has hit the middle median line multiple times and has droppes down to wl1 again and a bit farther as price created a sliding parallel with the same frequency of the down pink fork and dropped at the retest. price is starting to show downward momentum acceleration. To get a confirmation of downward price drop, we need price to break 2337 and 2419 the last major swing low.
SandP 500 E-Mini Futures 60 CME Updated 4/10/2017Price has hit resistance again near 2361. We have two lines of opposing force now on this chart. Still we can see the vibration of the blue fork, and also the middle median line acted as support multiple times. Look to see if price rises to the upper pink median line and drops.
SandP 500 E-Mini Futures 60 CME Updated 4/6/2017I have deleted the larger fork down on this time frame, and drew in a new down fork that has already shown frequency from yesterdays drop. It looks like 2360 is holding as temporary resistance. If we are able to get to the upper pink median line look for possible opportunities to the down side, as it is looking like the trend is slowly shifting that way.
SandP 500 E-Mini Futures D CME Updated 4/6/2017Price has come down after hitting the top of the trend line action-reaction set I had drawn. This is a bearish signal, as it means that this may set may hold and it has a chance to go much farther down to 2175 area. We must break 2390 ad 2400 to remain in bullish trend, or we may see a correction.