SandP 500 E-Mini Futures 240 CME Updated 7/14/2017Price has show here that it may come down abit at the fork resistance. We also have good frequency on the sliding parallel line which is marked in pink arrows, to verify the fork. If price does decide to hold as resistance and drop a bit from here look for 2428 and 2417 as support. I would be watching closely the 2450 level as resistance as well. Price is trying to push higher, but we have to see if we will have enough momentum to break this sideways yellow fork and continue in the blue fork path.
Andrespitchfork
SandP 500 E-Mini Futures 60 CME Updated 7/10/2017Price has hit this sliding parallel multiple times as marked, and each time it has dropped. If we continue to drop from here look again to 2420 and 2416 as minor support. Look for 2402-2406 as more major support on this time frame, and price to continue lower until we break the sliding parallel resistance line as marked.