SP500 Dec'09 1095.50 Inflection Pivot
The Index started teh week in a negative corrective signal which remained in force below the 1095.50 Inflection Pivot. During Sunday evening's session the level was tested and then violated early Monday. The violation negated the negative signal and confirmed a resumption of the underlying positive trend providing a nice buy opportunity. This is a perfect example of a REVERSAL opportunity in the BULL TREND CORRECTION technical signal.DOW Futures Dec'09 10349 Inflection Pivot
The DOW provided a similar opportunuty breaking out above it's Inflection Pivot in the early Monday hours. This is why I like this signal state so much. It is dynamic and provides a great opportunity to get back on the underlying trend and favorable prices. Here even coming in at the regular session the violation of the 10412 JS Services initial target level provided a nice pop up to the 2nd target.FTSE100 Dec'09 5313 Inflection Pivot
The FTSE100 was the best opportunity as its REVERSAL buy signal happened during the regular session and was combined with an Upside Pivot [UP] breakout signal attaining the 2nd Upside Target [UT2] in the session.This is the Strategy Based Trading approach at work. Our expectations where for the MKT to key off the session Inflection Pivot to confirm or deny the negative technical corrective signal. Once the Inflection Pivot was breached market sentiment shifted back to the underlying posiitve trend producing a fresh buy opportunity.
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