Price is starting to drop lower, so look at the possible support at the trend line, or the support retest of Warning Line 1. This move has been very powerful, so look to see if we continue upwards to warning line 2.
Price is near the top of the sliding parallel. Look to see if price will break through, and continue higher to the next blue median line higher. We may see support there if this happens, as we have had frequency in the past.
Price 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...
Price has hit warning line 1 and 2489 and found support. Look to see if we can break higher again past 2500 area, or if we break warning line 1 and fall lower below 2489.
Price has come down to 2496 and found some support and is now testing the back of the blue median line as resistance. Look to see if price will continue down to 2487 and lower, or break 2506 and test as support and move higher.
Price has stayed at the top of the channel and the lower blue median line break and retest for some time now. We should see a break down or break out shortly, with the bias on it going to 2480 first, as the blue median line is acting as resistance at the moment.
Price has come up past 2500, and has come back down to touch 2495 and hold as support. Look to see if price can hold here and continue upwards past 2505 and re test as support. if not, we are going to come down to 2487 and maybe 2480 again for another test.
Price hs come to the top of the action reaction set. Look to see if price holds here at resistance and comes down to the 2486 area and lower. we are following the blue median line parallel and have not broke through and retested as support, which is a bearish sign.
Price has stalled at the 2505 area. Look to see if price can break this level and continue upwards. Price could come down lower to 2500 area and the lower median line again if we don't see a follow through. Look for a break higher and retest of 2505 if we can get momentum.
I have drawn in the modified schiff fork on this time frame, and have noticed the sliding parallel showing frequency that we are on right now. If we go down look for 2495 and 2488 as support. To the upside we can look at the blue median line, and the upper blue median line parallel.
Price has come down to retest the blue middle median line. Look to see if price will continue upwards from here and break the 2495 area, or continue down and touch the 2480 as support. Price looks a bit extended at this point, so I would be more cautious of any new long positions, and I would encourage to look at structure formation especially as support.
Price has broken up past the blue middle median line. Look to see if price can continue its upward momentum. I am expecting a small pullback to the middle blue median line or to 2480 to act as resistance, before possibly going higher. We are at all time highs, and a psych level, so I would not be surprised for volatility in this area.
Price has started to drift down after retesting 2495 as resistance which is near the 2500 psych level also. Look to see if we continue to drip down to touch the middle median line or if we hold on the sliding parallel that I have added in as support.
Price has risen and broken 2480. I have removed the down fork and have added the larger up fork. Look for price to show you if it will continue higher from here, or break down at the resistance level of 2488. If we break down look for support at 2480 and the 2475 area.
Price is at resistance at as it has gapped up over the weekend to 2474 area. Look to see if price will hold here at resistance or finally try to break 2480 hard, and again try to retest the middle blue median line again.
Price is following nicely the upward blue median line. We have multiple tests also on this recent sliding parallel. Look to see if price breaks 2463 or tryis to test again the 2480 area. The multiple tests on this sliding parallel could point to a retest of 2480.
Price has dropped from the energy point that I had marked which is not surprising as it was also resistance at the 2480 level. Look to see if price will hold here at 2463 or 2452 before trying another attempt to break the high.
Price has risen off of the test and retest of the bottom median line, and is now at prior resistance near 2465. we are following the path of the newly added blue median line nicely with tests, but no break as of yet on the middle median line. Look to see if the 2465 and the warning line 2 will hold as resistance, or if we break the middle median line and...