SandP 500 E-Mini Futures D CME Updated 1/17/2017

Price has started to fall at the resistance area near 2273 which I have mentioned over the last week. It really is not a surprise at this point. We were looking for price to break through and retest or fall from this area as it has. It has also formed a sliding parallel wwith the same frequency as the pink fork.If it can drop from here and fall back into the fork we could see a further retracement.