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.
Trendlineset
SandP 500 E-Mini Futures 240 CME Updated 5/10/2017Price is near the resistance zone of 2388-2400. Price has come down from 2400 and is trying to hold at 2388 to go higher. Look to see what we do in the next couple days. I need to see price either break 2400 and retest as support, or price break the 2388 and 2375 area to signal a short fade opportunity.
SandP 500 E-Mini Futures 240 CME Updated 5/9/2017Price has stalled at 2400, and is starting to come down. We have hit a minor sliding parallel, and we will see if price can try to come back up to 2400 to test again. Loo to see if 2388 will be tested and broken as well. Price needs to make up its mind in this area.
SandP 500 E-Mini Futures 60 CME Updated 4/28/2017Price has come down to prior mild support near 2379 area, and is now hitting the sliding parallel support as well. Look to see if price will rise a bit then come down to fill the gap. Price is looking drowsy after its big move up, so I would not be surprised to see this happen.
SandP 500 E-Mini Futures 60 CME Updated 4/24/2017Price has gaped up over the weekend and has hit the median line at 2375. I switched back to the regular down pink fork to see if price would show frequency on the warning line 1. Price should drop here to the sliding parallel, or fill the gap between 2356 and 2343. Look to see if price shows support on the sliding parallel it could give an entry opportunity.
SandP 500 E-Mini Futures 240 CME Updated 4/17/2017Price has started to com up after touching near prior support around 2320. Look to see if price continues lower from here, or is able to break the downfork and go higher. I am thinking that price should hit the median line, but as I said before, price has to break tho prior low to have more momentum to drop.
SandP 500 E-Mini Futures 60 CME Updated 4/3/2017Not a big surprise here that price has been turning now. Look to see if 2350 area can continue as resistance. We have opposing forks, but the dominant trend is stall looking like it may be down. See if we can break 2333, and 2317, or if this sliding parallel will hold and we will go back up to 2383 area.
SandP 500 E-Mini Futures 240 CME Updated 3/31/2017Price has come up to 2365 after hitting support at 2320 area. See if price can break through 2365. If it does we could see a retest of 2365 as support and a move to 2383. If we hold resistance here, price should go back down to 2352 then 2337 area and also should hit the upper median line as support.