SandP 500 E-Mini Futures 60 CME Updated 8/29/2017Price has broke down from the 2454 and also the 2449 level around the psych level of 2450. We have also touched the lower median line again which has shown great frequency in the past. Look for price to pull back a bit here before possibly filling the gap near 2439.75.
Sandp500
SandP 500 E-Mini Futures 240 CME Updated 8/29/2017Price has gapped down to the median line, after hitting the sliding parallel and 2450 resistance confluence. Look for price to rebound momentarily here at support, before potentially dropping below the middle median line, retesting, then dropping further as a potential drop continues. If we go higher than 2450 for some reason look for 2461 and the upper median line as resistance. If we break down through the median line, look for 2375 as a potential area eventually to see support.
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 D CME Updated 8/24/2017 Price retested the 2450 area again to the and is going down. I added a hidden sliding parallel that is showing good frequency with the same frequency as the sideways channel we are in. See if we can break below the next support level and continue to the 2400 area.
SandP 500 E-Mini Futures 60 CME Updated 8/24/2017Price has bounced off of resistance near 2448, and is now down to test the middle median line again. Look to see if price can hold as support here and go a bit higher. We tested near the 2432 area as predicted that we had mentioned before. I have drawn in a possible sliding parallel line here, as it may act as support.
SandP 500 E-Mini Futures 60 CME Updated 8/23/2017Price is moving along the fork nicely still. We had a retest of the upper median line, and now price has bounced off of the middle median line. Look for price to drop maybe again to the 2432 level. If we make a new high, we could see a new upward fork possible.
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 60 CME Updated 8/15/2017Price has hit warning line 1 and he has come down to retest the upper median line parallel. We have just made a V formation, so look to see if we wil continue down or hold here. Price has started to make lower lows and showing weakness, so lets see if price will stay under the 2477-2480 area.
QUICK SHORT ON SPX500Hi traders:
Here is a good example of a wedge break out and a pullback to form a lower high for an entry short. When we take a look at spx500, the daily chart has been over extended to the upside for a while now. Right now we are seeing a potential daily pullback in the making. When we drop down to the 4 hr chart, we see a nice price action pattern developped, and the bearish momentum is coming in.
We can short the SPX500 down to the intraday fib levels of 61.80%, 2400.00 for a descent risk/reward trade.
Thank you for your support and feedback.
JoJo
S&P 500 FUTURES 240 CME Updated 8/10/2017Price has dropped as predicted along the pink median line fork after a spike above. Look for price to continue eventually to the middle pink median line. We should have a brief retracement here up to test the sliding parallel as marked this resistance band should be strong enough to hold for a little while before continuing down.
Was I Wrong on GNTX? (updated after earnings report)Turns out my first analysis of GNTX wasn't wrong... it was just part of a bigger plan.
Im Still bullish on the stock, HOWEVER, I am bullish for reasons NOT explained prior to their earnings.
Fundamentally their earnings report wasn't bad, it just missed the EPS analysist mark by 1 cent....sending GNTX down to what turns out to be a HUGE magnet level. If I would've seen it in my previous analysis, a short term (2-3) short to the level we are at now wouldn't have been a terrible idea.
Anyways, Im still long, as I have been. Up to at least 19 we go.