SandP 500 E-Mini Futures 240 CME Updated 10/10/2017Price has come up to the top of the median line, and also the top of the action reaction set. Look to see if price will hold here at 2537 and try again to rise up to hit the upper median line, or if we could fall down to test the next sliding parallel as support.
Medianline
USDJPY: Two Factors to Watch for ShortsPrice has reached the sliding parallel of a downsloping median line, above the upper parallel where previously found good resistance dropping to the down. Now testing the same parallel we may see that we have a massive rejection a very good signal that sellers are making the presence once again. If you trade candlestick formations you already have a nice bearish pinbar to go with. Otherwise just wait for a sell setup completion and aim for the sliding parallel acting as support, as shown in the chart
USDCAD: Uptrend is About to EndPrice has been in a correction for a while moving into an ascending channel. Although we have an uptrend in front of us, my view is bearish in this pair. A bearish divergence is showing this upmove is losing steam, and most likely it will reverse. Take no action till price breaches below the lower parallel of the channel. Than wait for a pullback before shorting USDCAD.
SandP 500 E-Mini Futures D CME Updated 10/4/2017Price has broken above the action reaction set and has fallen back into the blue median line fork. Look to ee if price cant continue higher, or if we get a rejection on these new highs soon. Look to see if price comes down to the 2525 area, then shows support.
SandP 500 E-Mini Futures D CME Updated 10/3/2017Price has broken the upper action reaction line, and also has continued back into the fork with bullish momentum, so at the moment, we need to see if price will pull back to the lower blue median line and continue higher. Look for price to hold as support and go higher.
SandP 500 E-Mini Futures D CME Updated 10/2/2017Price has risen up to around 2520, And we are still holding the back retest of the blue median line as possible resistance. Look to see if price continues holding on to the back, or if we suddenly have a large surge back into the median line to continue higher. We are having a hard time to break back into it. We are also still at the top of the action reaction set.
SandP 500 E-Mini Futures 60 CME Updated 10/2/2017Price had zoomed through the blue median line, and we had mentioned that it could be possible for price to continue to the upper median line. We have done just that and are currently at strong resistance at the upper median line. Look to see if price is going to continue through and retest as support to go to warning line 1, or if price will retrace down to the sliding parallel to show if there will be support or not.