Flip Flop
BKX - DOWNTREND CORRECTIVE - BUY SIGNAL
BTK - UPTREND CORRECTIVE - SELL SIGNAL
JS Services Strategy Alerts are design to have impact for the trading session. As in any major signal however they do have the potential to be the start of something bigger. Yesterday’s ACCELERATION Signals are such signals.
Today however the dynamics have changed but the symmetry in the signals between these two sectors has not.
The BKX has a positive corrective signal today with yesterday’s rally. The rally is corrective and the integrity of our 3703 Inflection Pivot remains intact. As long as this is so the sector is vulnerable to a return to the negative posture. A Daily close above 3703 will negate this opportunity and confirm the corrective signal and a return to a sideways digestive trade.
BKX - DOWNTREND CORRECTIVE - BUY SIGNAL
BTK - UPTREND CORRECTIVE - SELL SIGNAL
JS Services Strategy Alerts are design to have impact for the trading session. As in any major signal however they do have the potential to be the start of something bigger. Yesterday’s ACCELERATION Signals are such signals.
Today however the dynamics have changed but the symmetry in the signals between these two sectors has not.
The BKX has a positive corrective signal today with yesterday’s rally. The rally is corrective and the integrity of our 3703 Inflection Pivot remains intact. As long as this is so the sector is vulnerable to a return to the negative posture. A Daily close above 3703 will negate this opportunity and confirm the corrective signal and a return to a sideways digestive trade.
The BTK did follow through on its acceleration signal attaining our initial target at 674.49 but lost some indicator support in the process and hence the negative corrective signal. Beware of early strength into the 683.50. As mentioned this is major overhead and with today’s negative signal a reaction should be expected. This MKT may be best left alone today as a messy trade is likely.
Two sectors going opposite directions. Two opposing strategy expectations. Technical trade balance.
For more information please contact me at info@jsservices.com and visit http://www.jsservices.com/
JS
Two sectors going opposite directions. Two opposing strategy expectations. Technical trade balance.
For more information please contact me at info@jsservices.com and visit http://www.jsservices.com/
JS
