Medianlines
SandP 500 E-Mini Futures D CME Updated 11/18/2016Today I have been looking for the hidden frequency of the market to the upside, which may give us some clues as to what price will do in the coming week. As mentioned all this week, we are at a resistance point and it will be interesting to see what price does from here.
SandP 500 E-Mini Futures 60 CME Updated 11/17/2016Price is still rising in upward action reaction set. We are near resistance at the larger time frames, so if price rises or drops suddenly do not be surprised. I think a break below the upper trend line will show a short possibility, but also look to see if price hold as support here. I am more interested in a possible fade at this point but price must break lower.
SandP 500 E-Mini Futures 240 CME Updated 11/16/2016Price is still hanging near the resistance area between 2172 and 2183. Look for price to see if it will break the white trendline up for a pullback, or will go through resistance near 2183 and go higher. I think price needs a rest, and will come back down a bit, but price will tell.
SandP E-Mini Futures 60 CME Updated 11/15/2016Price is breaking above the yellow fork, and is running along the minor up sloping blue fork. If we are going to continue up, look for price to break this area. We are at a decision point on what price will do. If resistance holds, and we break down, look for 2150 then 2130 and 2100 area.
SandP 500 E-Mini Futures 60 CME Updated 11/14/2016Price is holding today at suport near 2150 which has been a level very important for a while now. Look to see what price does when it hits the upper yellow median line parallel again to see if we will break 2150 or continue up. Median line target of 2092 area still in play. Notice also the pink down sloping fork which may come into play now and into tomorrow.
SandP 500 E-Mini Futures D CME Updated 11/14/2016Price is still stalling at resistance near 2165-2191. Look for price to decide in the next few days what it wants to do. I have drawn in a potential sliding parallel to see if price holds here, hich then could be traded off of. We have another energy point coming as marked with blue down arrow.
SandP 500 E-Mini Futures D CME Updated 11/11/09Price hit the previous resisntance near 2166-2191 and has started to come down and is resting on the lower blue median line parallel. I am looking to see if this holds, or if it breaks down to the upper pink median line and will fall into the down fork again.