British Pound - Squeeze Play

The MAR'10 British Pound futures contract is tighening the collers on a few Bears. Key of the 1.5198 Inflection Pivot for the true test of the current strength.

JS

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SP500 Index -Corrective Technical Signal

The technical structure of the Mar'10 S&P500 Index futures contract has downshifted into a NEUTRAL CORRECTIVE. Expectations are for more difficult trading action in front of the roll with the 1127 Inflection Pivot the low point for any setback.

On the SELL side avoid FADE strategies against the 1151.75 resistance pivot until after the previous session low point or 1138.25 level has been broken to confirm a negative shift in momentum. REVERSAL strategies should be avoided as any positive signal is more likely an indication that the underlying trend is going to resume. SELL BREAKOUT strategies below 1138.25 can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at the 1131.50 and 1127 support targets. The trade is counter trend so avoid any negative commitments.

On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies at 1138.25 and 1131.50, which should have at least 1 if not 2 challenges to the support integrity before executing a long off it. The best buy FADE will be at the 1127 Inflection Pivot today. BREAKOUT strategies above the 1151.75 resistance can risk a little more if current events and other MKTs of confluence confirm a positive posture. If not a better approach would be to FADE a negative "squeeze" reaction down to the 1145 Directional after a positive breakout signal as the neutral technical position can keep the trend sideways.

Note: The MKT has produced a big technical signal against the current trend. Be aware that the negative action may be a 1-day event with the positive trend quickly re-establishing itself. If the MKT is really going to turn it should remain hard pressed and provide little or no relief.

JS

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Canadian$ - Time to PLay a Card

The MAR'10 Canadian$ futures contract will need to stabilize above the 9765 support inflection pivot if the underlying positive momentum is going to remian in control.





JS



For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.

Japanes Yen - Vulnerable below 11113

The JUN'10 Japanese Yen contract spun its wheels after Wednesday's negative signal stabilizing into a NEUTRAL DIGESTIVE trade. Key off the 11113 Inflection Pivot today. Below here the currency will remain vulnerable to the offer.

On the SELL side BREAKOUT strategies below the 11005 support pivot are aggressive and should be entered sooner [higher] than later [lower]. Expectations should be for the MKT to make its move early in the session and not look back, holding structure most of the day. If the MKT digests prior to making a negative move, it is more likely a squeeze on the longs to FADE. SELL FADE strategies against 11077 are aggressive as well and if they are going to work, should do so on the initial test of resistance. Repeated tests or "confirmation" are more likely to give way to a higher trade up to the 11113 Inflection Pivot. SELL REVERSAL strategies are recommended off either resistance level.

On the BUY side accept FADE, BREAKOUT and REVERSAL strategies off major inflection points. BUY BREAKOUT strategies above the 11077 resistance pivot should just "go" and not look back, so keep risk parameters tight. 11113 is the roll short target. Only above here does sentiment shift positive. FADE strategies off the 11041 Directional after positive breakout signals are good opportunities as well but expectation should be for the MKT to quickly move back above violated resistance. If the trade just "hangs around", it is likely a signal that more digestive action is coming and a retest of support should be expected. Be more aggressive with FADE and REVERSAL strategies at or above the previous session low point or the 11005 support level, targeting 11077.

Note: The MKT is in neutral so "sloppy" conditions with "false signals" should be anticipated. Have a plan for any squeeze. Don't get stubborn, however, if the MKT starts to hold structure and gets into trend mode as the contract may just be expanding its digestive parameters producing a one way trade into the close and new extreme.

JS

This post supports the Strategy Based Trading, which is a methodology that focuses on the applied strategy verses a specific market. The approach looks to align strategies with markets whose current technical behavior matches the strategies criteria. Please review the following CME sponsored tutorial for a complete overview of this approach.

STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html

For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.

Japanese Yen - Negative Signal

Technically the MKT is in a BEAR TREND ACCELERATION position and is vulnerable to the offer with all trading below the 11127 Inflection Pivot. Any positive corrective action is expected to be short lived with only one upside "stop squeeze" if the negative moemtnum is going to play out. Any held strength and repeated probe higher is a sign that the trade will turn digestive. This does not take away from the negative bias but does limit the profit potential for any new sales in the session.

On the SELL side accept FADE, REVERSAL and BREAKOUT strategies below the previous sessions high point. BREAKOUT strategies below the 11021 support pivot should just "go", so do not risk much. FADE strategies against the 11127 resistance inflection pivot are recommended over REVERSAL strategies as the MKT is expected to hold lower structure and any momentum shift should be considered a potential positive corrective turn.

On the BUY side avoid REVERSAL strategies off the 11021 support pivot as these signals are more likely short squeeze rallies and opportunities to SELL into and FADE. BREAKOUT strategies above 11127 are a long shot, so risk less and go for more. Any BUY FADE strategies off the 11021 support pivot should have confirmation and are not recommended if the integrity of the previous session high is intact. After a break in the negative structure confirmed support levels can be used for short term reactions using aggressive position management.

Note: The MKT is in an aggressive sell posture. If the previous session high is intact its just a matter of time before the sellers try to overwhelm the MKT. Look for excuses to get short. If the previous session high is breached opportunity will be on both sides of the MKT, however the bias still rests with the Bears.

JS

This post supports the Strategy Based Trading, which is a methodology that focuses on the applied strategy verses a specific market. The approach looks to align strategies with markets whose current technical behavior matches the strategies criteria. Please review the following CME sponsored tutorial for a complete overview of this approach.

STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html

For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.

FTSE 100 - Negative Transition Signal

Technically the MKT is in a NEUTRAL TRANSITION with sentiment leaning negative and flirting with a negative turn. Key off the 5548.0 Inflection Pivot for an indication of the session tone. If the Index is going to fight off the negative sentiment it will maintain a trade above here. If not this may the leader in a sentiment shift.

On the SELL side accept BREAKOUT, FADE and REVERSAL strategies with the expectation that the current positive to negative transition will continue. Keep aggressive position management on BREAKOUT strategies below 5548.0 as the MKT is still in the neutral zone and has yet to commit to a new trend. A more conservative strategy would be to wait for positive reactions after a negative signal to FADE into against the 5583.0 Directional after a break under 5548.0. The trade should be fluid with the MKT immediately giving background after any positive squeeze. Notable resistance at 5618.0 will contain the Neutral forecast.

On the BUY side avoid FADE strategies off 5548.0 until after the previous session high point or 5618.0 resistance has been taken out to confirm a break in the negative signal. Until then a better opportunity will be a REVERSAL strategy off 5548.0. This is a one shot trade using a low risk big profit target criteria. The idea is that the transition trade is over and a positive shift back into a NEUTRAL DIGESTION is expected. BUY BREAKOUT strategies above 5618.0 can be profitable but they are aggressive and should use the same aggressive position management as a REVERSAL. Risk less go for more.

Note: The MKT is trying to shift from a positive to a negative trend position. False starts and stops should be expected and position management adjustment anticipated, as quick momentum turns are the norm in this technical environment.

JS

This post supports the Strategy Based Trading, which is a methodology that focuses on the applied strategy verses a specific market. The approach looks to align strategies with markets whose current technical behavior matches the strategies criteria. Please review the following CME sponsored tutorial for a complete overview of this approach.

STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html
For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.

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