BULL TREND ACCELERATION Signal - SP500

The Dec'09 SP500 contract is back on the bid and flirting with an accleration in the positive momentum producing a BULL TREND ACCELERATION signal. A MKT in this technical state has produced a big posiitve signal which should follow through today if valid.


Key off the 1102 Inflection Pivot. This is the price point that determines the session bias. Above here the BULL TREND ACCELERATION signal is in play and the MKT aggressively bid. A breach of the recent highs at 1112.25 confirms the signal putting the Index on course for the 1132.75 and 1153.25 resistance targets.

Trading below 1102 lets some air out of the excitement down to 1091.75. This is the low point for any weakness today if the contract is going to maintain its composure. A break under 1091.75 negates yesterday's positive signal putting the MKT back in a difficult digestive trade with 1067 and 1047.50 targeted for any sentiment shift.

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.

Price Map performance for Monday's post for DEC 1 2009. Note how a breach of the 1098.25 level sparked a rally up to the 1112.25 recent highs.

Dec'09 SP500 Index Dec1, 2009

Strategy Based Trading aligining your expectations with the MKTs current Technical State.

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