Medianlines
CL wider view. Possible big moves.As you can see, we've been consolidating with very little movement last week. Actually, it's the weakest weekly candle since the year of 2003! Quite possibly resetting Indicators for a big move. As it appears, we might be at the cliff right now. It's edging on the 1.0 handle of that wide upsloper. If it dips below it, we might be negating that C and move towards forming a new one, hunting for a LOY. However, if we stay in this fork, it's a big sign of a possible strong upmove, hunting for a new HOY. I believe it will play out Monday/Tuesday already.
SandP 500 E-Mini Futures D CME Updated 2/16/17Price has come up after hitting the sliding parallel and is now oat the next parallel forming possible resistance near 232 area. Look to see how far a retrace we may get here. Price may drop a bit here or go past 2352 and use as support before going higher to next sliding parallel.
SandP 500 E-Mini Futures 60 CME Updated 2/10/2017Price has made new highs after retesting 2284 as suport. Look for price to come down to 2300 area and act as support and go higher to next median line. Price has formed a symmetrical swing ABCD pattern, so look for possible pullback here. Also near the 78.6% retracement to 127% extension.