MINI NASDAQ 100

Today's MARKET STATE for MINI NASDAQ 100: **NEUTRAL DIGESTION TRANSITION**

- Technically the MKT has the potential for a positive turn. Opportunity exists on both sides, however there is a better chance of an acceleration to the upside if the integrity of the previous session low remains intact. On the SELL side avoid UP and DIR FADE strategies until after the previous session low point has been broken. Until then, a better opportunity will be a UP REVERSAL strategy. The idea is that the transition trade is over and a negative shift back into a NEUTRAL DIGESTION is expected. DP BREAKOUT strategies can be profitable but they are aggressive. Risk less, go for more.

- On the BUY side accept BREAKOUT, FADE and REVERSAL strategies with the expectation that the current positive transition will continue. Keep aggressive position management on UP BREAKOUT strategies as the MKT is still in the neutral zone and has yet to commit to a new trend. A more conservative strategy would be to wait for negative reactions after a positive signal to FADE the DIR.

Today's PRICE MAP Performance for ND

Wrap Up
- Today in the MINI NASDAQ 100 Futures market, we had a perfect example of the importance of the R Level within the JS Services Price Map.  The NEUTRAL DIGESTIVE TRANSITION Market State tells us that the market has the potential to turn positive, but with the R Level at the UP, the analyst is telling the trader that this is the "breaking point" for the day.  If the market remains below the R Level, the expectation is still negative, and the highest probability trade is at the R Level.  At 7:30 A.M. the market respected the R Level, and offer the trader a perfect opportunity to execute a SELL R FADE strategy with a profit target of two major Price Map levels away, which in this case is the DP.  The market sold off sharply, hit the DP, and gave the trader an opportunity to realize a handsome profit within minutes of entering the trade.  From here the market rallied back through the DP, through the DIR, and eventually tested the R Level at the UP for a second time.  This intraday "Double Top" formation presented the trader, for a second time, to short the market at the R Level.  In almost a mirror image of the first sell off, price declined sharply down to the DP where profits should have been realized.  The uncanny accuracy of the R Level today in the MINI NASDAQ 100 serves as a textbook example of how the Sentiment Bias (R Level) works within the JS Services Price Map.