On Monday the Dec'09 NAT GAS contract produced a positive corrective signal that put the market in a BEAR TREND CORRECTIVE state for Tuesday. The Blog identified 4.722 as the Inflection Pivot that would confirm or deny that signal. Confirm the positive signal as the start of a new transitional rally or deny as a "dead cat" bounce.
As expected the signal was a false positive rejecting from the 4.722 Inflection Pivot. Below is the session performance with JS Services R LEVEL identifying the session Inflection Pivot. Note how the Price Map as a whole defined the market structure for the session.
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.
Good Trading
JS
