Medianlines
DSHUSD Short analysis based on pitchforksShort analysis based on pitchforks (median lines). After a breakout of the upper median line established a sliding parallel, this parallel can be used with high probability to success (with good risk management) in a short trade. The setup could be repeated few times.
SandP 500 E-Mini Futures 240 CME Updated 9/8/2017 Price has broken down, and gone back into the down ward sloping pink fork. Look to see if price can break 2450 and continue, and provide a retest of support as resistance. If not, we could see 2450 act as support again, and have new buyers try to come in and push price higher.
SandP 500 E-Mini Futures 240 CME Updated 8/24/2017Price has dropped down from 2450, and is now resting on possible support near 2440. I have drawn in the channel that we are in within the fork, so look to see if price will continue down possible for another move. 2440 is possible heavy support, so if we break down below 2440 and 2416 look for a possible break and retest of the middle median line.
SandP 500 E-Mini Futures 240 CME Updated 8/18/2017Price hit the upper median line again and dropped sharply to the middle median line again as I had mentioned as a strong possibility if we could not get above 2477. Look to see if price holds here at the middle median line as support. If price breaks through here, price willl continue to the pink lower median line. I think price should come up to at least 2440 to test resistance first.
SandP 500 E-Mini Futures 60 CME Updated 8/18/2017Price broke down after hitting 2474 area as well as warning line 1. We are now under the lower pink median line, and showing frequency to the downside. After such a large move to the downside, look for price to retrace a bit up maybe to 2439 area to test resistance there. Price has dropped, as I had mentioned in my previous posts to look for.
SandP 500 E-Mini Futures 60 CME Updated 8/17/2017 Price has hit the warning line 1 and is breaking down and flowing with the angle of the fork. Look to see if price can break 2463 hard and retest as resistance. Price may fall back into the fork, and then show another move back to the middle median line.
SandP 500 E-Mini Futures 240 CME Updated 8/16/2017Price has formed a V after coming off of the pink median line, and has now again showed frequency by testing and retesting the upper pink median line. Look to see if price can stay stalled here and will continue down to the marked middle median line again.
SandP 500 E-Mini Futures D CME Updated 8/14/2017Price has broken the large blue up fork, and we are now retesting the break. Look to see if price can hold here at resistance, and continue further down. I am thinking because of the large down bar last week that we do have a chance to break down farther to 2400.