SandP 500 E-Mini Futures 240 CME Updated 11/14/2017Price has started to show it may turn over after hitting the sliding parallel resistance again and pointing down. Look to see if we break 2577 and then continue lower.
Sandp500
SandP 500 E-Mini Futures 240 CME Updated 11/13/2017Price has come up to hit the sliding parallel as resistance, and is drifting down look for 2563 area as support, as well as the middle median line.
SandP 500 E-Mini Futures 60 CME Updated 11/13/2017 Price did as expected and mentioned in my last post on this timeframe. I had mentioned price shouldcome up to 2585 or 2580 then give a signal to possibly drop. We now are at support at 2571, but it appears that it may break. If we do break here, look to the median line, and also 2565 as support to show if it may continue to the upside.
S&P 500 Short set-up from hereS&P 500 Index SPX500
The last short got stopped out at even - right idea, wrong
double top. Now it's fallen below the parallel that's been
guiding this impulse wave since summer lows...it's trying to
make a feeble counter-rally back to kiss the underside of the
lower parallel before it falls away again to 2566-2564 range
where it should make a rally attempt to form the right
shoulder of a head and shoulders pattern now forming here.
Sell from 2580 or as close to as possible with stop above 2583
for 3 point loss if wrong...once 2564 breaks after a first
bounce from there of up to 11 points back to 2573-2577 range
it should fall again at least back to 2564 and then when that
fails to 2541. Two short trades here worth following
SandP 500 E-Mini Futures 60 CME Updated 11/10/2017 Price has broken down and hit the median line, then rose up to resistance at 2585 which is also previous resistance, and came back down to hit support at 2571. Price is choppy now, and volatility is increasing to the downside. Price may come up a bit more before trying to make another move to the downside. Look to see what price does at 2580 and 2585 levels.
SandP 500 E-Mini Futures D CME Updated 11/10/2017 Price has dipped and found buying again at the lower median line, but price is looking like it may try to drop here out of the fork. Look to see if we can break 2593, or if we will come down through the pitchfork and break down.
SandP 500 E-Mini Futures 240 CME Updated 11/10/2017Price has moved down slightly after touching the the sliding parallel that had acted as support, as now resistance. Look to see what price does as it rises here, because there may be continued weakness.
SandP 500 E-Mini Futures D CME Updated 11/9/2017Price has dropped down after touching resistance multiple times. Price looks like it may break the blue median line now. If it breaks hard, we may be in for a consolidation.
SandP 500 E-Mini Futures 60 CME Updated 11/9/2017 Price could not break above resistance, and hit resistance again at 2593 area and dropped. It looks like it could continue as the move is large to the downside. Look to see if 2577 or 2570 will hold as support
SandP 500 E-Mini Futures 60 CME Updated 11/8/2017 Price dropped lower and found support at the median line, bounced up, and is now at resistance near 2586. We must break above 2586 and test as support to continue the upward momentum. I have also drawn in the pink downward fork in case we hit resistance up here.
S$P500 index: Short Position Update, lower stopS&P 500 SPX500 Short Position Update
Lowering stop to 2588.7 on short to 2588.9 (to break even if
this trade goes wrong from here), but still looking for 22-23
points downside to 2578-2576 from 2589 entry point if right.
S$P 500 Index: SPX500 Short term short set up here for 20 pointsS&P Index SPX500
Short term double top/loss of upward momentum and now
struggling below reistance at 2588-2590. A short term sell
back to 2576 with stop above 2590 for 20 point win or 4
point loss
S&P Index SPX500: Needs to break above 2588 S&P 500 Index SPX500 Weekly Update
in Short-term Needs to break and hold above 2588 to keep upside momentum and
avert sideways/mildly down movement toward parallel
Continues to grind upwards, averaging 10 points per week,
and trampling every bear in it's wake, guided by a massive
secondary impulse wave since the summer doldrum lows at
2416. No way can any sane bear consider grabbing this
rambling bull by the horns - it's not exactly rampaging, but it
could do for a couple of days once minor resistance at 2588 is
broken.
All is good for the SandP so long as it stays within the parallels
- any test the lower parallel is still a buying opportunity with
stops underneath it. Still believe, this index will hit 10,000
within 15 years maximum from here.
At some point the S&P will break the lower parallel and
create a decent tradeable correction...until that happens stay
long, if a long term holder.
In very near term however it really needs to find some
momentum here to break above 2588 and hold here
or above on the next minor pull-back (ideal entry point for
more long positions) - to avoid drifting sideways to the
parallel, where it becomes a buy again, as above.
Key support levels are shown on chart. As usual, a break
below any listed level should led to a quite a fast test of the
next. The dynamic/moving support lines carry more heft and
power than fixed/static lines of support, usually, with points
of maximum impact often where two types meet, as at 2541
and 2564.
SandP 500 E-Mini Futures 60 CME Updated 11/6/2017Price has come up and passed through the middle median line and is using it as support multiple times. Look to see if price will hold as support, break through 2585, and go to the upper median line. We are starting to coil up into energy, so there should be a move soon.
SandP 500 E-Mini Futures D CME Updated 11/6/2017Price has bounced twice from the median line and is still hitting the sliding parallel resistance line. Look to see if price can break through, or if we will break down from here.
SandP 500 E-Mini Futures 240 CME Updated 11/6/2017
Price has continued past 2577. Look for price to try again to test the upper median line. We are having some trouble getting past the upper blue median line as resistance, so price may pull back soon if we can't break it.
Megaphone Top On S&P 500This is the daily chart of SPY that is displaying, in my opinion, a megaphone pattern that will likely resolve to the downside. As evidence of this being a megaphone pattern is the disjointed trend lines as well as the relatively large volumes that correspond to the "higher highs" and "lower lows." My reasoning for expecting this to be a reversal pattern stems from seeing bearish divergence in a number of indicators- the daily chart displays a bearish cross in the True Strength Indicator and the picture that I've included also shows a bearish trend in the TSI.
SandP 500 E-Mini Futures 240 CME Updated 11/3/2017 Price has run up a bit higher after hitting the 2562 support level here. We are currently near resistance, so price needs to break higher and retest 2577 possibly as support to be confident that we can move higher.
SandP 500 E-Mini Futures D CME Updated 11/3/2017Price is continuing to hit resistance near the sliding parallel here. Look to see if price can break higher above and continue its momentum to the upside.
SandP 500 E-Mini Futures 60 CME Updated 11/3/2017 Price has hit the back parralel in the action reaction set and is looking like it may point down. Look to see if the 2577 area hold as resistance yet again.
SandP 500 E-Mini Futures 60 CME Updated 11/2/2017Price has come down and tested 2562. Price is starting to show consolidation. I have drawn in a new potential centerline and reaction line if price tries to go higher. Look for 2577 as resistance.
SandP 500 E-Mini Futures D CME Updated 11/2/2017Price is continuing to hit resistance multiple times here on the sliding parallel. We need to break this hard to the upside and continue higher, or els price will come again down to test the blue median line.
