EuroStoxx U'09 - Weaker than the Rest

The Sep'09 EuroStoxx took a tumble and will need to sustain a trade below the 2733 Inflection Pivot to keep an edge. If so expectations are for further losses down to 2683. Be patient. This is the low point for any false negative. Jump on any positive REVERSAL signals off this support inflection. A held break under 2683 is a sign of weakness that puts the 2587 target in play. 2481 is the current extreme.

A rise above 2733 puts the negative signal in question for a test of the 2779 resistance pivot. Keep it tight. If the enthusiasm is going to wane it will fizzle here. If so expectations are for the sessions range to contain the MKT into Friday. A breach of 2779 is a fresh positive bringing back the buyers for a charge up to 2864. 2966 is the upper extreme.

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.

DOW Futures - Negative Corrective Signal

The DOW Futures posted a BULL TREND CORRECTIVE signal that will keep the MKT in a questionable position below the 9577 resistance pivot. If the negative signal is going to follow though any positive push today will exhaust below here. If so expectations are minimally for a re-test of 9426 support pivot if not lower. A breach of 9577 puts the aggressive buy campaign back into gear putting the 9769 and 9898 resistance targets in play.

Ky off the 9479 Inflection Pivot for an indication o the session's tone. A held trade above here keeps the MKT's legs under it up to 9577. A dip under 9479 and the Bears try to sink their teeth in pressing support at 9426. Be patient. It's make or break. A failure from 9426 is needed to confirm yesterday's negative signal targeting 9249 on any corrective sell off. 9094 is the current extreme.

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.