-Technically the MKT Key off the R LEVEL sentiment bias level as
this is a “tell” to the market’s true intentions. On the SELL side accept BREAKOUT strategies only
if they are in line with the R LEVEL sentiment bias. The best opportunities will occur early in
the session and will maintain negative structure in a steady deterioration or “pisser”. UP REVERSAL can be profitable as false
positive signals are typical in this trade state. Keep aggressive position management.
- On the BUY side DP and DIR FADE strategies are advisable
if they are in line with the R LEVEL bias or after the previous session high
point has been violated. DP REVERSAL strategies
are only recommended if the R LEVEL is below the DP. The idea is that any negative signal is a
sign that the transitional trade is over and a 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 ND
- Today in the NASDAQ 100 market, the Critical Range proved very effective in defining the expected trading range for the session. With the R LEVEL at the DP, our market commentary tells us to key off this level and accept BUY DP FADE strategies, which are in-line with our Sentiment Bias. Around 10:30 the market has a sharp sell off, stabilizing at the DP and allowing traders to execute the BUY DP FADE strategy that we were looking for in today's market state. This trade worked immediately, building higher move highs and higher move lows throughout the rest of the session until eventually closing the day close to the UP.
