- 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
- NATURAL GAS has produced a positive signal with a MC value of +7 and the R Level at the minor level below the DT1. This setup has extremely bullish implications and traders should be looking to BUY at all major inflection points above the R. Although we weren't given a substantial rally, the opportunity for profits was still presented to us during the trading day. Just after 7 A.M. a BUY DIR FADE strategy could have been executed. The trade held structure, making higher lows and higher highs throughout the advance, and ultimately achieved the UP around 10:30 A.M.
