Technically the MKT has produced a big negative signal against a positive trend and will remain vulnerable to the offer below the 9651 Inflection Pivot.
On the SELL side avoid FADE strategies against 9607 and 9651 until after the previous session low point or 9519 support level has been broken to confirm a negative shift in momentum. REVERSAL strategies should be avoided as any positive signal is more likely an indication that the underlying trend is going to resume. SELL BREAKOUT strategies below 9519 can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at support targets.
On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. REVERSAL strategies are recommended over a FADE strategies off the 9519 support pivot, which should have at least 1 if not 2 challenges to the support integrity. BREAKOUT strategies above 9563 and 9651can risk a little more if current events confirm a positive posture. If not a better approach would be to FADE a negative "squeeze" reaction after a positive breakout signal as the neutral technical position can keep the trend sideways.
JS
* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .
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