The DEC'09 EUREX BUND slipped lower and is threatening a major sentiment shift. 12108-12091 is the high point for any positive reaction today if the contract is going to keep yesterday's edge. Look for FADE and REVERSAL opportunities off both Inflection Pivots. A he;d trade under 12021 has the MKT probing lower down to 11986. If the contract is going to stabilize it will here. If not things have the potential to come unglued with 11845 the extended target for any event.
Key off the 12056 Directional area today or an indication of the session tone. If the MKT is going to stay hard pressed it will struggle to maintain a trade above here. A rise above 12056 sets up a challenge to the 12108-12091 resistance inflection band. Expect a reaction. A breach of 12108 and negates the negative signal targeting 12161 on the initial surge. Work any held trade. 12214 and 12305 are the extended targets.
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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