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.
Medianlines
SandP 500 E-Mini Futures 60 CME Updated 1/13/2017Price came down and touched the middle median line as well as the support near 2250 and 50% Fibonacci retracement. Look to see what price does here near the resistance zone, but it looks like buyers have started to move price up to try to break through.
SandP 500 E-Mini Futures D CME Updated 1/12/217price has come off highs near 2273 and 2277 (retest over shoot) area. Look for price to continue lower if price can break 2230 hard, it may come up to give another signal to sell. Look for price to break down to 2132 if it starts a drop, that would be first median line target area.
SandP 500 E-Mini Futures 60 CME Updated 1/10/2017Price is holding on the upper blue median line marked with arrow. This is Diagonal support. Look for it to rise higher if it can't get below this area, but price is also flowing on pink lower median line. It appears that price may try to break resistance again from here.
SandP 500 E-Mini Futures 240 CME Updated 1/4/2017Price is up at the top of an AR set, as well as the top of the resistance. Look for price to break down here if it has a chance, otherwise we will break 2273 and go higher. We are in consolidation now, look for price to tell you which way it will break.