-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.
-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 YM
- With an MC Value of 0 the DOW FUTURES market is in a NEUTRAL DIGESTION market state. Given this information, we know to expect a sideways, choppy trade within the Critical Range. After the R Level was taken out early in the session, traders should have looked to SELL any corrective rallies back up to the DIR where our R Level was. The SELL R FADE strategy worked on two different occasions, at 9 A.M. and again at 11 A.M. making it back down to the lower end of our Critical range at the DP on both trades.
