- Technically the MKT has produced a negative signal against a positive trend. On the SELL side avoid UP and DIR FADE strategies until after the previous session low point or major support level has been broken to confirm a negative shift in momentum. Until then, a better opportunity will be a UP REVERSAL strategy. DP SELL BREAKOUT strategies can be profitable but they are aggressive and should look to take profits and potentially REVERSE long at support targets. The trade is corrective and the underlying positive tone must be respected.
- On the BUY side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the positive momentum is going to resume. DP REVERSAL strategies are recommended over FADE strategies, which should have at least 1, if not 2 challenges to the support integrity before executing a long off it. UP BREAKOUT strategies can risk a little more if current events confirm a positive posture. If not, a better approach would be to FADE the DIR after a UP breakout.
Today's PRICE MAP Performance for NG
- Today in NATURAL GAS we are reminded of the power of the JS Services Price Map. The NEUTRAL NEGATIVE SHIFT Market State tells us that the market has produced a negative signal in an underlying positive market state. With the R Level at the DIR, the analyst is telling the trader that above this level, our expectation is for the positive trend to resume. Around 9:30 AM the market took off, crossing the UP and presenting the trader with a BUY UP BREAKOUT strategy. Our ideal profit target is two major Price Map levels away from our entry point, in this case, the UT2. The price rallied violently up to this level, and respected it with astonishing accuracy. By utilizing the power of the JS Services strategy-based trading approach, a trader would have been able to participate in this sharp rally, and realize a substantial profit from it.
