AUSTRALIAN DOLLAR

Today's MARKET STATE for AUSTRALIAN DOLLAR: **NEUTRAL POSITIVE EXTREME**

- The MKT is pressing the extreme but remains in a firm posture. On the SELL side REVERSAL strategies off the UP and UT1 will work best. If the integrity of the previous session low remains intact, avoid FADE strategies as expectation is for a higher trade. BREAKOUT strategies are a lower probability and should just "go". Risk little and have a resting defined target.
- On the BUY side FADE and REVERSAL strategies are recommended off the DP and DT1. As long as the MKT continues to hold positive structure, these strategies should be aggressively taken. BREAKOUT strategies should only have 1 pullback after a resistance breach, bottoming out above the DIR if they are going to follow through in the session. Any more and the market will be vulnerable to a neutral shift.

Today's PRICE MAP Performance for DA

 

Wrap Up
Today in the AUSTRALIAN DOLLAR market, we had an MC shift of 3 which gave us an MC Value of +3 today.  This drastic move resulted in a NEUTRAL POSITIVE EXTREME Market State.  With the R Level below the DP, our expectation is for a continuation of the positive momentum, and we want to accept BUY signals above the R.  Our market commentary tells us that BUY DP FADE strategies are recommended.  Just after 10 A.M. price action touches the DP giving traders an opportunity to execute the BUY DP FADE strategy.  Since we are in a NEUTRAL market state, we should use tighter position management, and profits should be taken at the DIR just after 1 P.M.

S&P 500

Today's MARKET STATE for S&P 500: **BEAR TREND DIGESTION**
 

-Technically the MKT is leaning lower but has yet to commit to a new negative move.  On the SELL side BREAKOUT, FADE and REVERSAL strategies are valid with the expectation that the underlying negative momentum is going to reassert itself.  Work any UP FADE or REVERSAL strategies within the digestive range, covering any position near the DP.  DIR and DP BREAKOUT strategies are valid, however, they may be choppy and more laborious.  The probability is to the downside today but is not a day to press it.

- On the BUY side avoid UP BREAKOUT strategies but rather FADE a negative reaction after a positive breakout signal against the DIR.  DP REVERSAL strategies are recommended over FADE strategies as “sloppy” trading conditions are expected.

Today's PRICE MAP Performance for S&P 500

Wrap Up
Today in the S&P 500 market, we had a MC Value of -5 and a BEAR TREND DIGESTION Market State.  This is a unique state because we remain in an underlying bear trend; however, we could be in for more of a digestive trade for the session.  Due to the early close of the S&P 500, we published our levels early so that traders could take advantage of the overnight session.  Our market commentary tells us that if we are going to look to BUY this market, that DP REVERSALs are recommended over FADEs as a sloppy trading environment is anticipated.  Just after 10:30 last night, we have a breakdown from the DP, and a quick correction back into the Critical Range, allowing us to execute a BUY DP REVERSAL.  The market continued making higher move highs and higher move lows, confirming that we were on the correct side of the market.  The trade eventually made it all the way up to our Upside Pivot (UP) just before the early close this morning.

EURUSD FOREX

Today's MARKET STATE for EURUSD FOREX: **NEUTRAL DIGESTION**

- The MKT is in a sideways digestive position with a slight positive bias.
- On the SELL side avoid DP BREAKOUT strategies but rather FADE a positive reaction against the DIR after a negative breakdown signal. UP and UT1 REVERSAL strategies are recommended over FADE strategies as "sloppy" trading conditions are expected. Any UP FADE trades should get confirmation first.
- On the BUY side UP BREAKOUT strategies are valid but should expect a laborious trade. Work any position, selling into emotional surges and re-entering on any sharp pullbacks. Expect a choppy trade and be aggressive on minimizing profit give-back. DP and DT1 FADE and REVERSAL strategies are recommended.
 

Today's PRICE MAP Performance for EURUSD

Wrap Up
Today in the EURUSD FOREX market, we had an MC Value of +3 in a NEUTRAL DIGESTION environment.  Our market commentary tells us that we can accept BUY DP FADE and REVERSAL strategies as our expectation is for price to stay within the Critical Range.  Around 5:30 AM the market makes a push through the DP and quickly corrects itself.  After the market made another attempt at the DP and FAILED to put in a lower at 6:45 we are given an opportunity to BUY a DP REVERSAL as the market has told us that it is respecting the Support level at the DP.  In a sideways market, we should keep tighter position management, and profits on this trade should have been taken at the DIR.

S&P 500

Today's MARKET STATE for S&P 500: **BEAR TREND**

-Technically the MKT is vulnerable to the offer. On the SELL side accept all BREAKOUT, FADE, and REVERSAL signals.  The MKT is on edge and any negative signal, especially below the previous session high, is an opportunity.  Anticipate a price “zone” around a major resistance point to FADE.  Have a plan and be ready.  If your stop gets hit and the MKT

- On the BUY side REVERSAL strategies can be executed off of major support levels but preferably after an emotional sell off. This is an aggressive strategy and any profits should be realized at the previous support failure points.  Avoid DP FADE BUYS eve with confirmation, as this is more likely a plateau for a BREAKOUT SELL strategy.  UP BREAKOUT strategies are not recommended but do have a better chance of success than a DP FADE.

Today's PRICE MAP Performance for SP

Wrap Up
Today the market performed to expectations and gave traders the opportunity for major profits.  In a BEAR TREND environment, our market commentary tells us that we should accept all SELL signals at major inflection points.  With the R Level at the UP, we know that a SELL strategy at the R presents us with our highest risk/reward trade.  At 8 AM the market gave us a "head fake" about the R Level, and then immediately corrected itself.  This was our opportunity to execute a SELL UP REVERSAL strategy with the DP as out expected target.  As it played out, the market sold off sharp, stabalized at the DIR around 10 AM and then proceeded down to our downside target at the DP.

NATURAL GAS

Today's MARKET STATE for NATURAL GAS: **NEUTRAL DIGESTION**
 

-The MKT is in a sideways digestive position with a slight positive bias.

-On the SELL side avoid DP BREAKOUT strategies but rather FADE a positive reaction against the DIR after a negative breakdown signal.  UP and UT1 REVERSAL strategies are recommended over FADE strategies as sloppy trading conditions are expected.  Any UP FADE trades should get confirmation first.

- On the BUY side UP BREAKOUT strategies are valid but should expect a laborious trade.  Work any positions, selling into emotional surges and re-entering on any sharp pullbacks.  Expect a choppy trade and be aggressive on minimizing profit give-back.  DP and DT1 FADE and REVERSAL strategies are recommended.

Today's PRICE MAP Performance for NG

Wrap Up
Today we had a big day in the NATURAL GAS futures market.  Our market commentary tells us to avoid a SELL DP BREAKOUT but rather FADE a positive reaction at the DIR.  With the R Level at the DIR, this strategy was in perfect alignment with our expectation for today.  As it played out, we got the breakdown at the DP around 5 A.M. and then a positive reaction up to our R Level at the DIR.  This was the highest probability trading opportunity and proved to be a profitable one.  By executing a SELL FADE from the DIR, our traders were able to capitalize on the corrective rally and realize profits either at the DP or the DT1.

GOLD

Today's MARKET STATE for GOLD: **BEAR TREND**

- Technically the MKT is in a BEAR TREND and has produced a negative signal.
- On the SELL side accept all BREAKOUT, FADE and REVERSAL signals. If the MKT produces a DP BREAKOUT signal early in the session, it should just "go" and not look back. Beware of any break in early negative structure, as a corrective rally up to resistance is a likely scenario.  Anticipate a price "zone" around a major resistance point to FADE. Follow any corrective rise with a REVERSAL strategy.
- On the BUY side REVERSAL strategies can be executed off of major support levels but preferably after an emotional sell off early in the session. Avoid DP FADE strategies even with confirmation, as this is more likely a plateau for a BREAKOUT SELL. UP BREAKOUT strategies are not recommended but do have a better chance of succeeding than a DP FADE.

Today's PRICE MAP Performance for GOLD

Wrap Up
Today in the GOLD futures market, we had an MC Value of -4 indicating a BEAR TREND market state.  Our expectation is for the continuation of the bear trend and a new move lower.  We had an early breakout from the DP which our market commentary tells us should just "go".  Indeed this trade did just "go" and never looked back as it built negative structure and wasted no time in selling off to the  UT1.  By using the MC Value to define the technical state of the market, our traders were able to capitalize on the breakout from the Critical Range and get short Gold on the breakout from the DP.

EURUSD FOREX

Today's MARKET STATE for EURUSD FOREX: **BULL TREND**

- Technically the MKT is in a positive posture and as long as it continues to hold structure, further gains should be expected.  If 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 EURUSD

Wrap Up
Today in the EURUSD FOREX market we had a MC Value of +4 and a BULL TREND market state.  The analyst has placed the R Level at the UP which, in essence, is telling the market, "If today is going to be a bull trend market, prove it!"  The market traded up to the R Level at 6 A.M. giving traders a chance to execute a SELL R FADE strategy.  The underlying bull trend of the market must be respected, and traders should have used tight position management.  Taking profits just after 8 A.M., we had another go at the UP around 9:30.  The R Level again proved to be a valid level of resistance, and allowed traders to get short from the R for a second time, realizing profits at the DIR just before 1 P.M.

CRUDE OIL

Today's MARKET STATE for EURO CURRENCY: **NEUTRAL DIGESTION TRANSITION**

- MKT sentiment is leaning negative and will outweigh the buy side if the integrity of the previous session high remains intact.
- On the SELL side accept BREAKOUT, FADE and REVERSAL strategies with the expectation that the current negative transition will continue. Keep aggressive position management on DP 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 positive reactions after a negative signal to FADE the DIR.
- On the BUY side avoid DP FADE strategies until after the previous session high point has been taken out. Until then, a better opportunity will be a DP REVERSAL strategy. The idea is that the transition trade is over and a positive shift back into a NEUTRAL DIGESTION is expected. UP BREAKOUT strategies can be profitable but they are aggressive. Risk less, go for more.

Today's PRICE MAP Performance for NEUT

Wrap Up
In the CRUDE OIL futures market today, we had MC Value of -2 and a negative sentiment bias on the day.  Our expectation is that today could produce a new move lower if the integrity of the previous session remains intact.  At 8 A.M. we had a brief break of the UP, which was quickly reversed by 9:30, offering us a SELL UP REVERSAL trade.  Another attempt at the UP failed at 10 A.M. giving us confirmation of the negative tone.  Our expectation is that today may produce a new move lower, and indeed it did.  The market had a sharp sell off around 11 A.M. and eventually stabilized at the lower end of our Critical Range at the DP.  By defining the sentiment bias and the expected trading range for the day, JS traders were able to capitalize on the big move in CRUDE OIL today.

EURO CURRENCY

Today's MARKET STATE for EURO CURRENCY: **NEUTRAL POSITIVE EXTREME**
-The MKT is in a neutral digest in an underlying positive MKT and will need to generate a positive push today if it is to avoid falling back into a corrective trade.
- On the Sell side REVERSAL strategies off the UP and UT1 will work best as any unsustained positive signal is expected to provide a sharp negative reaction. FADE strategies off the UP are valid but will work better after the 2nd or 3rd press into an area. BREAKOUT strategies below the DP are a lower probability and should be used as a signal for a FADE strategy against the DIR.
- On the Buy side FADE and REVERSAL strategies are recommended off the DP, especially if the previous session low point remains intact.  BREAKOUT strategies should hold structure after a resistance breach if they are going to follow through. Any break in momentum and the market will be vulnerable to drop back into a digestive trade.

Today's PRICE MAP Performance for EU

Wrap Up
Today in the EURO CURRENCY futures market, we have a perfect example of how JS Services Market Structure Bias [M.S.B.] can be used to successfully navigate a market.  The EU had an MC change of -4 to produces an MC Value of +3 for the day.  In a NEUTRAL POSITIVE EXTREME market state, our expectation is that in order for the positive sentiment to remain in tact, price must respect the level of Support at the R Level.  If that level is broken, our expectation is that the market is transitioning into a Neutral Digestive state.  With the R Level at the DP we are looking to accept DP FADE strategies.  Since we are still in a NEUTRAL market state, our position management should be tight, and profits should be realized sooner rather than later.  Late last night at 11 P.M. we have our first BUY DP FADE opportunity that takes us right up to the DIR just before 2 A.M.  Then again around around 3 A.M. we have multiple attempts at the DP which held support, and offered traders another BUY DP FADE trade.  Again, this trade made it up to the DIR giving traders a second profitable trade.  After profits were realized on the second trade around 4:30 A.M., the market began to build NEGATIVE STRUCTURE by failing to produce higher move highs.  Although the market did approach the DP again around 9:30, the BUY DP FADE trade would be suspect because each successive rally has produces lower move highs, indicating weakness on the side of the bulls.  As you can see, the rally that occurred after 9:30 failed to reach the DIR and the R Level eventually gave way around 1:30 P.M.

NATURAL GAS

Today's MARKET STATE for NATURAL GAS: **NEUTRAL DIGESTION**

- The MKT has a slight negative bias in a difficult "choppy" trade. On the SELL side DP BREAKOUT strategies are valid but should expect a laborious trade.  UP and UT1 FADE and REVERSAL strategies are recommended but profit should be taken at initial targets. The probability is to the downside today but is not a day to press it.
- On the BUY side avoid UP BREAKOUT strategies but rather FADE a negative reaction after a positive breakout signal at the DIR. DP REVERSAL strategies are recommended over FADE strategies as "sloppy" trading conditions are expected. Any DP FADE trades should get confirmation before executing. Position management adjustments should be anticipated for all longs as sideways trading conditions can quickly erase profits.

Today's PRICE MAP Performance for NG

 

Wrap Up
Today in the NATURAL GAS futures market we have an MC Value of +2 and a NEUTRAL DIGESTION Market State.  Our focus today is on the MC Value of +2 indicating a NEUTRAL DIGESTION Market State. In this Market State, our expectation is that price action is going to stay WITHIN the Critical Range.  With the R at the DIR, we want to accept BUY signals above this level, so our highest probability trade would be to get long from the DIR (R).  Since we know that trading in this market state is expected to stay within the Critical Range, our price objective on this trade is the UP.  As you can see the market respected the R level around 7:45 A.M. and rallied up to the UP, where profits should have been realized.  Also, being aware that we are in a NEUTRAL DIGESTION (+2) Market State tells us that profits should be taken at the UP.  By doing this, we save ourselves the headache of being in the market toward the end of the session when the price chopped around the UP.

AUSTRALIAN DOLLAR

Today's MARKET STATE for AUSTRALIAN DOLLAR: **BEAR TREND**

- The MKT is in a soft neutral position. On the SELL side UP REVERSAL and FADE strategies with confirmation will be a better option over downside Breakouts, as selling into corrective reactions is the best position. The MKT remains negative but be patient as to not get caught FADING a corrective rise all the way up. DP BREAKOUT strategies are valid opportunities but look to take profits on emotional drops versus getting trail stopped on corrective pull backs.
- On the BUY side DIR and UP BREAKOUT strategies should be looked at as a "one-shot" deal. Either the MKT railroads higher in a steady climb or it’s just a head fake to sell. If you get on a steady advance, ride it until structure is broken. DP and DT1 REVERSAL strategies are valid, as the neutral tone has the potential to produce false signals in either direction.  Avoid DP FADE BUYS as the negative trend remains in force.


Today's PRICE MAP Performance for DA

Wrap Up
-Today was a choppy day in the AUSTRALIAN DOLLAR currency futures.  With an MC value of -4, the market was in a BEAR TREND.  The use of the Critical Range along with the R level proved to be very effective in navigating todays market.  The Critical Range is our expected trading range for the day.  Keeping this in mind, we must determine what that means in conjunction with the R level.  Since the R is at the UP and the expectation is for the market to trade within the Critical Range, any rally up to the UP should be sold with a SELL UP FADE strategy.  As you can see, this strategy worked perfectly at 2:45 A.M. after the double top and again at 6:45 A.M.  By taking profits on both trades at the DIR, JS traders were able to net profits in a choppy trading environment.

NATURAL GAS

Today's MARKET STATE for NATURAL GAS: **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 NG

 

Wrap Up
-Today in the NATURAL GAS futures market, we had an MC Value of +6 and a BULL TREND Market State.  Our expectation is for a continuation of the bull trend, and as traders, we should look to get long the market ABOVE the R Level.  Our Market commentary warns us that SELL signals are only valid opportunities until AFTER the positive structure of the market, represented by the R Level, has been broken.  The market digested for the greater part of the morning session around the minor level at 3.573.  Then, at 7:40 A.M.  we get a breakout of the Critical Range at the DP.  Since our R Level is at the DP, this signals the break in positive structure and allows us to execute a SELL DP BREAKOUT trade with a price target at the DT2.  After selling off sharply to the DT1, the market stabilized for a bit, and eventually sold off all the way down to our expected downside target at the DT2 (3.450).  By knowing where the Sentiment Bias lies within a market, agile traders could have profited from this corrective sell off.

5-YR TREASURY NOTES

Today's MARKET STATE for 5-YR TREASURY NOTES: **NEUTRAL DIGESTION**

- Technically the MKT is "on the fence" with the potential to go in either direction or nowhere. Pick your points and have no expectations, as the likelihood of this MKT trading sideways is high.
- On the SELL side BREAKOUT, FADE and REVERSAL strategies are valid, however profit and position risk management should be aggressive and anticipated. The pivotal nature of the session does have the potential to be the starting point for a new move. However, the probability of any trend action is more likely to just be the MKT defining its new consolidation extreme.
- On the BUY side BREAKOUT, FADE and REVERSAL strategies are valid, however profit and position risk management should be aggressive and anticipated. The MKT is "on the fence" and does have the potential to be the beginning of a new trend move. The probability of a new trend move is low. However, any price trend action is more likely to just be the MKT defining its new consolidation extremes.

Today's PRICE MAP Performance for FV

Wrap Up
- With an MC Value of +2 and a NEUTRAL DIGESTION Market State, today's expectation is for a digestive trade within the Critical Range.  The R Level is above the market at the UP communicating to traders that they should be looking to get short below this level.  At 11 A.M.  the market traded up to the 124'180 level where it was met with resistance.  After a brief pullback the market made another rally up to the UP.  From here a SELL UP FADE strategy could have been executed as it is in line with our market expectations as well as sentiment bias for the day.  After the intraday double top at the UP, the market sold off to the DIR where profits could have been realized.  Due to the pivotal nature of this Market State, position management should be tight and profits should be realized sooner rather than later.

NASDAQ 100

Today's MARKET STATE for NASDAQ 100: **NEUTRAL NEGATIVE EXTREME**

- The MKT is on the offer and pressing into the lower extreme. On the SELL side accept UP REVERSAL strategies over FADES, expecting more of a trendless trading environment rather than a new negative trend move. Avoid DP BREAKOUT strategies but rather FADE into a positive reaction after a negative breakdown signal against the DIR. The MKT is extended and will have trouble sustaining any new weakness. Use aggressive position management and anticipate potential early exit points to reduce profit give-back.
- On the BUY side DP FADE and REVERSAL strategies are qualified, however the FADE is a lower probability and should use tight risk criteria. DP and DT1 REVERSALS can risk more but should also go for more profit with the expectation of the MKT putting in a short term turning point signal. UP BREAKOUT strategies are aggressive and should just "go" and not look back. Risk less; use aggressive position management and conservative profit limits.

Today's PRICE MAP Performance for ND

Wrap Up
-Today we had a NEUTRAL NEGATIVE EXTREME Market State in the NASDAQ 100 Futures market.  Our market commentary calls for SELL UP REVERSAL trades which is in line with our sentiment bias represented by the R Level.  At 8:30 A.M. the market broke through the UP briefly and then sold off giving traders an opportunity to SELL the REVERSAL signal from the UP.  The market again tested the UP just before 10 A.M. where it failed to produce a higher high before selling off sharply.  The market wasted no time in falling down to the DIR where it digested for a bit and eventually traded down to our profit target at the DP.  Today's NASDAQ 100 PriceMap illustrates the importance of defining Market State, Structure, and Strategy before each trading day.