Today I'm going to show MKTs that are in a trend acceleration state or a BULL TREND or BEAR TREND ACCELERATION. MKTs that have produced a major negative signal are in a BEAR TREND ACCELERATION state and MKTs that have produced a major positive signal are in a BULL TREND ACCELERATION technical state. Both states are similar in the the expectation is that the signal is going to follow through as long as the signal is in line with the MKTs Inflection Pivot. So BULL TREND ACCELERATION should hold above and BEAR TREND ACCELERATION markets should hold below their session Inflection Pivots.
For November 9, 2009
BULL TREND ACCELERATION
The markets below have produced a major positive signal which should follow through today if valid. Key off the session Inflection Pivot for an indication of the market structure and confirmation that the aggressive positive signal is in play.
Currencies Futures Dec'09
JAPANESE YEN - 11038
AUSTRALIAN DOLLAR - 9102
Interest Rates Dec'09
US 10YR T-NOTE - 118-160
EQUITY ETF
SPY - SP500 Depository Receipts - 107.53
QQQ - NASDAQ 100 Tracking Stock- 41.97
RLX - Retail Sector Index - 389.00
IIX - Inter@ctive Internet Sector Index - 217.00
BEAR TREND ACCELERATION
The markets below have produced a major negative signal which should follow through today if valid. Key off the session Inflection Pivot for an indication of the market structure and confirmation that the aggressive negative momentum is in play.
Interest Rate Dec'09
BUND - 12089
Commodities Jan'10
SOYBEANS - 975-4
Draw a line on your intra-day chart at these levels. Look for opportunity in the direction of the price bias. Executing at or near these price points will provide the best risk / reward. If the MKT cannot follow through on its signal and produces a REVERSAL signal at its Inflection Pivot, a sharp counter signal move should be expected.
Good trading.
JS
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.