NASDAQ 100

Today's MARKET STATE for NASDAQ 100: **BULL TREND**

- The MKT has a firm tone and as long as the integrity of the previous session low remains intact, look for excuses to get long. On the SELL side UP FADE strategies are valid but profit targets and risk management should be tight.  REVERSAL strategies should be applied only at the UP and +c after an exhaustive signal. Use DP BREAKOUT strategies as a signal to FADE a positive reaction against the DIR. Only until the MKT breaks the positive structure are sell signals an opportunity.
- On the BUY side BREAKOUT, FADE and REVERSAL are recommended as the MKT is bid and all buy signals are valid opportunity. If stopped out at or near the low tic of a reaction and the MKT is not following through to the downside, look to re-enter using the recent squeeze low as a stop. If the MKT breaks structure, de-leverage and be more selective as the likelihood of a sideways trade is high.

Today's PRICE MAP Performance for ND

Wrap Up
- Today in the NASDAQ 100 futures market, traders using the JS Services Strategy Based Trading approach had the opportunity to net some serious gains.  With an MC Value of +7 and a BULL TREND Market State, our expectations is for a move higher, and we are looking to accept all BUY signals above the R Level.  Around 9:30 A.M., there was a big sell-off which took prices down to the DP.  Our market commentary tells us to look for any excuse to get long above the R, and this sell-off to the DP was just what we, as traders, were looking for!  A BUY DP FADE strategy executed off the DP around 10 A.M. behaved wonderfully, as the market respected that level and made a sharp move higher.  There was a bit of a pause at the DIR before prices continued their advance.  The rally lasted all the way up to the UP, our expected target for this trade, and gave us an opportunity to realize profits.  Our market commentary also tells us that SELL UP FADE strategies are also valid.  Although this is a more risky strategy in a BULL TREND market, and requires tight position management, it proved to work well in todays market.  After realizing profits from the long position, an agile trader could have covered their longs, got short from the UP and benefited from a profitable short trade back down to the DIR.