Medianlines
SandP 500 E-Mini Futures D CME Updated 1/24/2017Price has continued to stay on the top of pink median line. Look for price to break out soon, as we have been consolidating for a while now. The upper median line pink parallel has been holding as minor support, and the 2273 level has been holding as major resistance.
Coffee via $JOCoffee has doubled its range down to the origin/ ignition of the Jun-Nov rally. Price is primed for a long move to the median line. What makes this compelling is a cheap stop can be had below structure (under $17.88). Buy the breakout of past 3 bars or wait for retest.
SandP 500 E-Mini Futures 60 CME Updated 1/19/2017Price has held at the 2260 level, but is having problems getting above he upper blue median line parallel. Look to see if we can break 2269 and 73-77 area or if we drop from here. Price is showing a range and consolidation so don't be surprised for a big move soon.
SandP 500 E-Mini Futures D CME Updated 1/18/2017Price is still hanging near 1173, but is coming off of high. We need price to break 2273 ad retest as support to continue uptrend. Look to see if price can get back into pink fork and drop, or if it will break the high and continue. Price is still in the blue fork, but we are slowly losing energy to the upside.
SandP 500 E-Mini Futures D CME Updated 1/17/2017Price has started to fall at the resistance area near 2273 which I have mentioned over the last week. It really is not a surprise at this point. We were looking for price to break through and retest or fall from this area as it has. It has also formed a sliding parallel wwith the same frequency as the pink fork.If it can drop from here and fall back into the fork we could see a further retracement.