The DOW Futures posted a BULL TREND CORRECTIVE signal that will keep the MKT in a questionable position below the 9577 resistance pivot. If the negative signal is going to follow though any positive push today will exhaust below here. If so expectations are minimally for a re-test of 9426 support pivot if not lower. A breach of 9577 puts the aggressive buy campaign back into gear putting the 9769 and 9898 resistance targets in play.
Ky off the 9479 Inflection Pivot for an indication o the session's tone. A held trade above here keeps the MKT's legs under it up to 9577. A dip under 9479 and the Bears try to sink their teeth in pressing support at 9426. Be patient. It's make or break. A failure from 9426 is needed to confirm yesterday's negative signal targeting 9249 on any corrective sell off. 9094 is the current extreme.
JS
This post supports JS Services Strategy Based Trading approach. 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 Trial.
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