SP500 - How we doing?

Each post on Inflection Pivots is a powerful statement of a MKT' behavioral posture. The signals presented show underlying psychological shift in sentiment which will influence the MKT over the coming sessions. On June 22, 2009 the SP500 Index produced a negative corrective signal.

The June 22, 2009 the signal and provided a framework to capitalize on the opportunity. The 931.00 Inflection pivot proved to be the pivotal point providing a rejection down to the 870-862.50 support band for a buy opportunity. This was the low point for the corrective break putting the 1017 target in play.

Although we do not follow each MKT signal post through completion you should continue to track its progress. For now the SP500 remains in an aggressive buy posture above 963, targeting 1017. A held trade under 963 and the contract is vulnerable to a retreat back down to the 931 level.

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.