-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 DAX
Wrap Up
Today in the DAX futures market we had an MC Value of +7 indicating a BULL TREND market state. The R Level is below the Critical Range, indicating to traders that the opportunity is to the long side above this level. The market sold off during the overnight session and offered traders a BUY DP FADE opportunity. This trade proved to be profitable, as the market found support at the DP, traded above the DIR, and eventually stabilized around our minor level above the DIR.
