The DRG - Pharmaceutical Sector Index produce a big BULL TREND ACCELERATION signal and will remain aggressively bid with all trading above the 309.56 Inflection Pivot pressing resistance at 314.76 on any new interest. Be patient. If the market is going to settle back into a digestive trade it will stall out here. A held breach is a sign of strength that puts the 322.56 target in play.
A dip under 311.80 down plays yesterday's positive signal for a corrective trade down to 309.56. Be patient. If the positive momentum is going to resume it will above here. A held failure negates the positive signal confirming a directionless trade. Only under 303.86 can the Bear overwhelm this sector.
JS
This post supports the Strategy Based Trading, which is a methodology that focuses on the applied strategy verses a specific market. The approach looks to align strategies with markets whose current technical behavior matches the strategies criteria. Please review the following CME sponsored tutorial for a complete overview of this approach.
STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html
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.
