SWISS FRANC

Today's MARKET STATE SWISS FRANC **BULL TREND ACCELERATION**

- Technically the MKT is in play after producing a big positive signal. On the SELL side REVERSAL strategies can be executed off the UP and +c. Expectations should be for an immediate exhaustive turn with the MKT quickly moving away from the area.  Avoid SELL UP FADE strategies even with confirmation. SELL DP BREAKOUT strategies are not recommended but can be used as a signal for a FADE against the DIR.
- On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the previous session's low point. UP BREAKOUT strategies should just "go", so do not risk much. Be wary of these strategies early in the session and look to exit on the 1st break in structure.  BUY DP FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift high.

Today's PRICE MAP Performance for SF

Wrap Up

Today was another great example of the importance of identifying Market STATE and using Market TACTICS to confirm STRATEGIES.  JS Services defined the technical market state as  BULL TREND ACCELERATION today in the SWISS FRANC futures market.  The expectation for this market state is for the market to produce a directional trend move to the upside, with a BREAKOUT from the UP targeting the UT2.  In a TREND STATE, traders should look to use the Moving Average crossover system to confirm the BUY signal.  Another good indication of the markets ability to trend can be seen in the ADX indicator.  As highlighted in the chart, the ADX broke above the 25 reading, signaling a "trending" market.  This signal occurred around the same time the MA crossover signal took place, adding confidence to the BUY UP BREAKOUT strategy.  When the market produced this signal, it occurred on a STRONG BAR, which was another confirmation of the long position.  The market broke out of the Critical Range with a decisive STRONG BAR, allowing traders to accept the signal and ride the rally all the way up to our profit objective at the UT2.

EURO STOXX 50

Today's MARKET STATE EURO STOXX 50 **NEUTRAL DIGESTION**

- 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 first.
- 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 DSX

Wrap Up

Successful trading is a function of identifying market state, structure and strategy.  JS Services MC Value of +3 identified the EURO STOXX 50 to be in a NEUTRAL DIGESTION market state.  In a NON-TREND market state, expectations are for a sideways, trendless trading environment, conducive to technical momentum indicators.  JS Service Pricemap identifies the key STRUCTURAL pivots for the session and our market commentary provides insight as to which strategies should be used.  The R Level at the DIR represents the OPTIMAL ENTRY point for the session.  Armed with this knowledge, traders were able to capitalize on the BUY DIR FADE opportunity that presented itself just after 5 am CT this morning.  Notice too, that the RSI was at a reading BELOW 30, indicating that the market was overextended to the downside.  This oversold reading confirmed the buying opportunity and got traders in the market from the optimal entry point.  For traders who missed the initial buying opportunity from the DIR, the DSX market generated another buy signal, this time with a UP BREAKOUT strategy.  A confirmed breakout of the critical range signals a change from a non-trending environment to a transitioning environment.  Our 21-period SMA had crossed above the 55-period SMA (3-min chart) and generated the "buy" signal.  As you can see, after the breakout occurred around 9:15 am CT, the moving average "band" provided a support area for future price action.  The markets ability to build + structure after our entry signal at the DIR R allowed traders to ride the long side of the market all the way up to the UT1.  By identifying the technical playing field and highlighting the key inflection points for the session, traders were able to ANTICIPATE the opportunity at the DIR R and net some nice profits.

DAX INDEX

Today's MARKET STATE DAX INDEX **NEUTRAL POSITIVE SHIFT**

- Technically the MKT has produced a positive signal against a negative trend. On the SELL side accept BREAKOUT, FADE and REVERSAL strategies off major inflection points with the expectation that the negative momentum is going to resume. UP REVERSAL strategies are recommended over a FADE, which should have at least 1 if not 2 challenges to its integrity before executing a short sale against it. A better approach to a straight DP BREAKOUT strategy is to FADE a positive "squeeze" reaction after a negative breakdown signal against the DIR.
- On the BUY side avoid DIR and DP FADE strategies until after the previous session high point or major resistance has been taken out to confirm a break in momentum. Until then, a better opportunity will be a DP REVERSAL strategy. UP BUY BREAKOUT strategies can be profitable but they are aggressive and should look to take profits and potentially REVERSE short at resistance targets.

Today's PRICE MAP Performance for DAX

Wrap Up

Today the DAX INDEX market gave traders an opportunity to execute the optimal trade of the session at the DP R.  In a NEUTRAL POSITIVE SHIFT market state, there has been a positive signal in an underlying negative market.  The R Level at the DP represents the sentiment bias, indicating that the opportunity is on the long side above this level.  The market threatened a negative transitional move at 3:45 am CT when the market traded below the DP.  However, this breakout signal remains unconfirmed above the 7775.0 minor level.  The market was unable to take out this minor level and produced a BUY DP REVERSAL opportunity with confirmation in the RSI.  This proved to be the trade of the session as the market found support at the DP R and eventually made it up to the DIR where profits could have been realized.

SWISS FRANC

Today's MARKET STATE SWISS FRANC **BEAR TREND ACCELERATION**

- The MKT is vulnerable to the offer and threatening fresh losses. On the SELL side accept FADE, REVERSAL and BREAKOUT strategies below the previous session’s high point. DIR and DP BREAKOUT strategies should just "go", so do not risk much. UP FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold lower structure and any momentum shift should be considered a potential positive corrective turn.
- On the BUY side avoid REVERSAL strategies off major support levels as these signals are more likely short squeeze rallies and opportunities to SELL into and FADE. BREAKOUT strategies above the previous session high are a long shot, so risk less and go for more. Any DP FADE should have confirmation and is not recommended if the integrity of the previous session high is intact. After a break in the negative structure is confirmed, support levels can be used for short-term reactions using aggressive position management.

Today's PRICE MAP Performance for SF

Wrap Up

Identifying the KEY INFLECTION PIVOTS in a market is essential to successful trading.  Knowing which strategies to execute off structural levels is of equal importance and our MARKET TACTICS can help to confirm those strategies when the present themselves in the form of trading opportunities.  Today in the SWISS FRANC, there was a BEAR TREND ACCELERATION market state with the R at the UP.  The R Level marks the "over-under" level for the session, and any corrective rally is expected to exhaust below this level of resistance.  An upside breakout is considered "confirmed" if it is able to take out the minor level above the UP, in today's Pricemap it was the 1.0618 level.  Just after 7:00 am CT the market took a run at this level and FAILED to surpass it.  This failure to confirm the breakout called into question the strength of the underlying positive move and alerted traders to a possible "head fake" scenario.  Using our RSI tactic, it is clear that each successive high in price from 4 - 7 am CT was accompanied by a LOWER high in the RSI (BEARISH DIVERGENCE).  This was a "tell" to the underlying weakness, and after the REVERSAL presented itself, allowed our traders to short the market from the UP and ride the trade down to the DIR.

AUSTRALIAN DOLLAR

Today's MARKET STATE AUSTRALIAN DOLLAR **BEAR TREND**
- Technically the MKT is vulnerable to the offer. On the SELL side accept all BREAKOUT, FADE and REVERSAL signals. The MKT is on edge and any negative signal, especially below the previous session high, is an opportunity. Anticipate a price "zone" around a major resistance point to FADE. Have a plan and be ready. If your stop gets hit and the MKT does not immediately follow through, consider re-entering, even doubling up if there is structure to define low risk.
- On the BUY side REVERSAL strategies can be executed off of major support levels but preferably after an emotional sell off. This is an aggressive strategy and any profits should be realized at the previous support failure points. Avoid DP FADE BUYS even with confirmation, as this is more likely a plateau for a BREAKOUT SELL strategy. UP BREAKOUT strategies are not recommended but do have a better chance of succeeding than a DP FADE.

Today's PRICE MAP Performance for DA

Wrap Up

The AUSTRALIAN DOLLAR futures did NOT perform to expectations in a BEAR TREND market environment today; however, by utilizing our OPTIMAL HEDGE TACTIC, JS Traders were able to capitalize on the "sloppy" trading session.  The market played host to a substantial sell-off during the overnight session, sending prices below our expected level of Support at the DP.  If the MKT was going to follow through on the DP BREAKOUT signal, it should take out the minor level at 1.0195 and continue to build negative structure.  The market found support at the 1.0195 minor level and proceeded to digest around the DP for the remainder of the overnight / early morning session.  The rally that began around 3 am CT produced a new high and signaled a BREAK in the negative structure.  This signal alerted JS Traders that the probability for a sideways, choppy session was high.  As a result, momentum oscillator tactics should be utilized to confirm trading opportunities.  At 5 am CT, the market made a final push to the upside, falling short of the UP, and allowing JS Traders to execute a SELL UP FADE strategy with confirmation in the form of RSI BEARISH DIVERGENCE.  This strategy proved profitable as the market failed to re-test the highs and maintained negative structure throughout the entire move down to the DP at 11:30 am CT.  Identifying MARKET STATE, STRUCTURE and STRATEGY helped traders identify the opportunity today in the Aussie Dollar.

BRITISH POUND

Today's MARKET STATE BRITISH POUND **NEUTRAL DIGESTION**

- Technically the MKT is "on the fence" with the potential to go in either direction or nowhere. Pick your points and have no expectations, as the likelihood of this MKT trading sideways is high.
- On the SELL side BREAKOUT, FADE and REVERSAL strategies are valid, however profit and position risk management should be aggressive and anticipated. The pivotal nature of the session does have the potential to be the starting point for a new move. However, the probability of any trend action is more likely to just be the MKT defining its new consolidation extreme.
- On the BUY side BREAKOUT, FADE and REVERSAL strategies are valid, however profit and position risk management should be aggressive and anticipated. The MKT is "on the fence" and does have the potential to be the beginning of a new trend move. The probability of a new trend move is low. However, any price trend action is more likely to just be the MKT defining its new consolidation extremes.

Today's PRICE MAP Performance for BP

Wrap Up

Today in the BRITISH POUND market, our STOCHASTIC and BOLLINGER BAND tactics helped identify the trade of the day.  The R Level at the DP emphasizes the structural significance of the DP Support level.  Any sell off down to the DP should be viewed as an opportunity to get long the market with the expectation of a sideways trading session confined within the UP and DP, or Critical Range.  As the Stochastic indicator was giving us an "Oversold" reading, price action touched the lower band on our Bollinger Band indicator.  Both of these tactics confirmed the BUY opportunity at the DP as the market was overextended to the downside.  Traders were able to ride the long position up to the DIR, where profits could have been realized.

DOW FUTURES

Today's MARKET STATE DOW FUTURES **NEUTRAL DIGESTION**

- The MKT has a slight negative bias in a difficult "choppy" trade. On the SELL side DP BREAKOUT strategies are valid but should expect a laborious trade.  UP and UT1 FADE and REVERSAL strategies are recommended but profit should be taken at initial targets. The probability is to the downside today but is not a day to press it.
- On the BUY side avoid UP BREAKOUT strategies but rather FADE a negative reaction after a positive breakout signal at the DIR. DP REVERSAL strategies are recommended over FADE strategies as "sloppy" trading conditions are expected. Any DP FADE trades should get confirmation before executing. Position management adjustments should be anticipated for all longs as sideways trading conditions can quickly erase profits.

Today's PRICE MAP Performance for YM

Wrap Up

With an MC Value of -2 and the R at the UP, the DOW FUTURES market was in a NEUTRAL DIGESTION market state with a negative bias below the R Level.  If the market is going to perform to expectations, it should play host to a sideways, "choppy" trading session within the Critical Range (UP-DP).  The market market tested the upper extreme (UP) on multiple occasions during the overnight and early morning session, signalling to traders that this was indeed the key inflection pivot for the session.  The negative sentiment below the R gave traders the confidence to short the market from our optimal entry point at the UP R.  The market respected this level of resistance perfectly, and eventually started to grind lower toward the DP.  The market gave traders an opportunity to take profits at our expected level of Support, the DP.  Staying true to the NEUTRAL DIGESTION market state, the market found support at the lower end of our Critical Range and offered traders another opportunity to get LONG the market from the Support pivot at the DP targeting the DIR.  The market wasted no time as it trended higher to end the day, ultimately surpassing the DIR on the way up.

AUSTRALIAN DOLLAR

Today's MARKET STATE DAX INDEX **BEAR TREND**

- The MKT is on the offer and pressing into the lower extreme. On the SELL side accept UP REVERSAL strategies over FADES, expecting more of a trendless trading environment rather than a new negative trend move. Avoid DP BREAKOUT strategies but rather FADE into a positive reaction after a negative breakdown signal against the DIR. The MKT is extended and will have trouble sustaining any new weakness. Use aggressive position management and anticipate potential early exit points to reduce profit give-back.
- On the BUY side DP FADE and REVERSAL strategies are qualified, however the FADE is a lower probability and should use tight risk criteria. DP and DT1 REVERSALS can risk more but should also go for more profit with the expectation of the MKT putting in a short term turning point signal. UP BREAKOUT strategies are aggressive and should just "go" and not look back. Risk less; use aggressive position management and conservative profit limits.

Today's PRICE MAP Performance for DAX

 

Wrap Up
Today in the AUSTRALIAN DOLLAR futures market, traders were given an opportunity to execute the optimal trade for the session, the SELL UP REVERSAL, at our key inflection pivot (R Level).  In a NON-TRENDING market environment, traders should look to the momentum oscillator tactics for a "tell" on the market.  As our UP REVERSAL trade was setting up, the RSI was creating a BEARISH DIVERGENCE signal, giving traders the confidence to execute the short trade from the R.  The market played out on the signal beautifully as it stabalized at the DIR for a bit before eventually ending the day at the DP.

DAX INDEX

Today's MARKET STATE DAX INDEX **BEAR TREND**


- The MKT is in a soft neutral position. On the SELL side UP REVERSAL and FADE strategies with confirmation will be a better option over downside Breakouts, as selling into corrective reactions is the best position. The MKT remains negative but be patient as to not get caught FADING a corrective rise all the way up. DP BREAKOUT strategies are valid opportunities but look to take profits on emotional drops versus getting trail stopped on corrective pull backs.
- On the BUY side DIR and UP BREAKOUT strategies should be looked at as a "one-shot" deal. Either the MKT railroads higher in a steady climb or it’s just a head fake to sell. If you get on a steady advance, ride it until structure is broken. DP and DT1 REVERSAL strategies are valid, as the neutral tone has the potential to produce false signals in either direction.  Avoid DP FADE BUYS as the negative trend remains in force.

Today's PRICE MAP Performance for DAX

Wrap Up
Organized chaos in the DAX INDEX FUTURES today as the market played host to an enormous, early-morning sell off.  However, JS Traders had the opportunity to capitalize on the trade by identifying market state, structure and strategy coming into the session.  The DAX market was in a BEAR TREND market state with the R Level at the UP telling traders to look to get short the market below the R Level.  After the faster moving average crossed from above to below the slower moving average, traders had tactical confirmation to accept the SELL DP BREAKOUT trade around 2:45 am CT.  As indicated by the black horizontal dashed lines, the market maintained - structure making lower lows and lower highs throughout the session and, for the most part, respected the moving average "resistance band" created by the 21 and 55 period SMA.  Our profit target on the DP BREAKOUT strategy is the DT2, which was easily achieved as the market traded as low as the ** minor level at 7494.5.

SWISS FRANC

Today's MARKET SWISS FRANC **BULL TREND**


- 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 SF

Wrap Up
The SWISS FRANC took off and never looked back today.  In a BULL TREND market state, this is exactly the type of price action traders look to capitalize on, higher move highs, and higher move lows throughout the entire session.  Traders were able to accept the BUY UP BREAKOUT strategy with a profit target at the UT2 expecting follow through on the BULL TREND.  Sure enough, the market didn't disappoint.  The market rallied up to the UT1, where it encountered brief resistance before continuing up to the UT2 to end the session.  Traders were able to ride the long trade all the way up to the top as the SWISS FRANC maintained + structure throughout the move.

S&P 500

Today's MARKET STATE S&P 500 **BULL TREND**



- 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 SP

Wrap Up
Today played host to an enormous sell off in US indices and real opportunity for profit in the S&P 500 market.  The R Level at the DP in a UPT market state signals the "breaking point" for the + sentiment.  The market opened up below the DP R voiding both the UPT signal as well as the positive sentiment.  Below the R Level, the opportunity for the session is to the downside, and boy did it pay off!  As the 21 period SMA crossed below the 55 period SMA creating a "sell" signal, the market began to breakdown from the DT1.  From here it stabilized for a brief moment at the DT2 before plummeting down through the DT3 and eventually ending the day at our extreme -c level.  Notice how the directional move maintained negative structure throughout the entire session, and found resistance at moving average "band" created by the 21 and 55 period moving averages.  These types of moves don't present themselves very often, but when they do it is essential to execute your game plan and capitalize on the opportunity.

CRUDE OIL

Today's MARKET STATE CRUDE OIL **NEUTRAL DIGESTION**


- The MKT has a slight negative bias in a difficult "choppy" trade. On the SELL side DP BREAKOUT strategies are valid but should expect a laborious trade.  UP and UT1 FADE and REVERSAL strategies are recommended but profit should be taken at initial targets. The probability is to the downside today but is not a day to press it.

- On the BUY side avoid UP BREAKOUT strategies but rather FADE a negative reaction after a positive breakout signal at the DIR. DP REVERSAL strategies are recommended over FADE strategies as "sloppy" trading conditions are expected. Any DP FADE trades should get confirmation before executing. Position management adjustments should be anticipated for all longs as sideways trading conditions can quickly erase profits.

Today's PRICE MAP Performance for CL

Wrap Up
A big move today in CRUDE OIL that our JS Traders were able to capitalize on by using the OPTIMAL HEDGE TACTIC in a NEUTRAL DIGESTION market state.  The expectation coming into the session was for a sideways trade within the Critical Range.  The R Level at the UP signaled traders to look for selling opportunity below this level.  When the MKT played host to a DP BREAKOUT strategy, the integrity of the NEU market state was compromised and the market began to transition into trend mode.  The optimal hedge tactic in a NEU state is the markets ability to build directional structure along with the MA crossover tactic to confirm the trade.  Sure enough the faster MA had crossed below the slower MA earlier in the session, confirming the sell signal.  Also notice that the market found resistance at the MA "band" throughout the entire session as it continued to build - structure.  The MKT eventually sold off to the DT3  before finding support and correcting back up near the DT2 to end the session.

NATURAL GAS

Today's MARKET STATE NATURAL GAS **BULL TREND**

- 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

Wrap Up
Today was a good day for our NATURAL GAS traders as the structure of the Critical Range offered valid trading opportunities.  With a BULL TREND market state, the expectation is for a continuation of the underling bull trend which would be depicted on the chart through higher move highs and higher move lows (positive structure).  However, the market made a lower move low just before 8:00 am CT, negating the bull trend signal and shifting toward a neutral digestive expectation.  With this signal, traders would be advised to lean on their momentum oscillators and Bollinger Band tactics to identify possible trading opportunities.  Since the sentiment remains + above the R Level, BUY strategies are recommended.  As the market peeked its head below the DP, there was a BULLISH DIVERGENCE signal in the RSI lows that occurred around 5:30 am CT.  This signal, along with the price contacting the lower BB gave traders an early indication that the BUY DP REVERSAL strategy was valid.  This proved to be the trade of the day as the market exploded topside after flirting with the DP and eventually rallied up to our UP.

S&P 500

Today's MARKET STATE S&P 500 **BULL TREND ACCELERATION**


- Technically the MKT has produced a major positive signal. On the SELL side REVERSAL strategies can be executed at UP, +c and UT3 following an exhaustive signal. UP FADE strategies have potential after the 3rd press into an area but retaining the integrity of the inflection point. Consider rolling long on any stops with this strategy.  SELL DP BREAKOUT strategies are not recommended but can be used as a signal for a FADE against the DIR.
- On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the previous session’s low point. UP BREAKOUT strategies early in the session may have issues holding structure, so respect any break in momentum. BUY DP FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift.

Today's PRICE MAP Performance for SP

Wrap Up
JS Traders were able to capitalize on today's big move in the S&P 500 futures by identifying the MARKET STATE at the beginning of the session.  In a BULL TREND ACCELERATION state, our expectation is for an accelerated move to the upside while maintaining POSITIVE structure.  The optimal tactic for this market state is a Moving Average crossover tactic.  As you can see, the MA crossover signal occurred just before our BUY UP BREAKOUT signal just after 8:30 am CT.  The market created a STRONG BAR through the RESISTANCE level (UP) and closed at the high, validating the breakout signal. JS Traders were able to get long the market from the UP and ride the trade all the way up to our expected profit target at the UT2.

EURO STOXX 50

Today's MARKET STATE EURO STOXX 50 **BEAR TREND ACCELERATION**

- The MKT is vulnerable to the offer and threatening fresh losses. On the SELL side accept FADE, REVERSAL and BREAKOUT strategies below the previous session’s high point. DIR and DP BREAKOUT strategies should just "go", so do not risk much. UP FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold lower structure and any momentum shift should be considered a potential positive corrective turn.
- On the BUY side avoid REVERSAL strategies off major support levels as these signals are more likely short squeeze rallies and opportunities to SELL into and FADE. BREAKOUT strategies above the previous session high are a long shot, so risk less and go for more. Any DP FADE should have confirmation and is not recommended if the integrity of the previous session high is intact. After a break in the negative structure is confirmed, support levels can be used for short-term reactions using aggressive position management

Today's PRICE MAP Performance for DSX

Wrap Up
Today in the EURO STOXX 50 futures market, traders had an opportunity to make money using our OPTIMAL HEDGE TACTIC as the MKT did not perform to expectations.  In a BEAR TREND ACCELERATION market state, the expectation is for the market to continue to make lower move lows and lower move highs while accelerating to the downside.  Moving Average crossover tactics work well in these conditions, however, the early break in structure around 3:15 am was the tell that the market was not going to follow through with the bear trend acceleration signal.  With that being said, traders were able to utilize our RSI and Stochastic tactics to identify the trade of the day.  The Sentiment remained negative below the R Level, and any corrective rally up to this level presented traders with an opportunity to short the market.  When the market tested the UP around 3:45 am CT, there was a major BEARISH DIVERGENCE signal in the RSI along with an "Overbought" reading in the Stochastics.  These market tactics were in confluence with our JS Pricemap and allowed traders to get short the market from the UP.  Price immediately began to drop off an the market maintained negative structure throughout the rest of the session, allowing traders to take profits at the DP.

WHEAT

Today's MARKET STATE WHEAT **NEUTRAL DIGESTION**


- The MKT has a slight negative bias in a difficult "choppy" trade. On the SELL side DP BREAKOUT strategies are valid but should expect a laborious trade.  UP and UT1 FADE and REVERSAL strategies are recommended but profit should be taken at initial targets. The probability is to the downside today but is not a day to press it.
- On the BUY side avoid UP BREAKOUT strategies but rather FADE a negative reaction after a positive breakout signal at the DIR. DP REVERSAL strategies are recommended over FADE strategies as "sloppy" trading conditions are expected. Any DP FADE trades should get confirmation before executing. Position management adjustments should be anticipated for all longs as sideways trading conditions can quickly erase profits.

Today's PRICE MAP Performance for W

 

Wrap Up
An MC Value of -2 signaled a NEUTRAL DIGESTION market with a slight negative  bias.  With the R Level at the DIR, the market is "on the fence" and has the potential to be the start of a directional move.  The market opened up above the R Level signaling that a sell-off to the DIR was an opportunity to get long the market from the optimal entry point (R).  Since the market was in a NON-TREND state, traders should utilize the momentum oscillator tactics for a "tell" on the market.  The oversold reading in the RSI hinted that the market was finding support at the R and highlighted the BUY R FADE opportunity.  The market respected our key inflection pivot and rallied to the upper end of our Critical Range where profits could have been taken.

NATURAL GAS

Today's MARKET STATE NATURAL GAS **BULL TREND ACCELERATION**


- Technically the MKT has produced a big positive signal. On the SELL side REVERSAL strategies can be executed off the UP and +c. Expectations should be for an immediate exhaustive turn with the MKT quickly moving away from the area.  Avoid SELL UP FADE strategies even with confirmation. SELL DP BREAKOUT strategies are not recommended but can be used as a signal for a FADE against the DIR.
- On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the previous session’s low point. UP BREAKOUT strategies should just "go", so do not risk much. Be wary of these strategies early in the session and look to exit on the 1st break in structure.  BUY DP FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift.

Today's PRICE MAP Performance for NG

Wrap Up
Today was a "money day" in the NATURAL GAS futures market.  The MC Value of +5 produces a BULL TREND ACCELERATION market state.  Coming into the session, our expectation is for the market to build positive structure throughout the session making higher move highs and higher move lows if the market is going to perform to expectations.  In a TRENDING market environment, our optimal MARKET TACTIC is the MA crossover signal that generated the "BUY" confirmation.  Also, notice how the MA "band" acts as support for the advance.  At 8:00 am CT the market gave us a BUY UP BREAKOUT opportunity allowing JS Traders to get long the market on the breakout.  The market maintained positive structure throughout the entire session, surpassing our profit target at the UT2 before finally running into resistance at the UT3.  This was a huge day for our traders in the NATURAL GAS market and it was all made possible by three things: MARKET STATE, STRUCTURE and STRATEGY.

CRUDE OIL

Today's MARKET STATE CRUDE OIL **BULL TREND**


- 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 CL

Wrap Up
Today we had an interesting setup in the CRUDE OIL futures market.  With an MC Value of +5 the MKT produced a BULL TREND signal.  However, the analyst called the markets bluff by placing the R Level at the minor level above the UP, signalling to traders that the opportunity was to the downside below the R.  The market opened up within the Critical Range and then began to sell off sharply during the morning session.  By trading below the DP, the market offered JS Traders a SELL DP BREAKOUT opportunity, targeting the DT2.  Maintaining negative structure along with monitoring the moving average crossover tactic was the key in today's session.  The faster MA crossed below the slower MA giving us confirmation to accept the SELL BREAKOUT strategy.  Also notice that the market maintained negative structure and found resistance at the "moving average band" throughout the decline.  The market eventually achieved are downside target at the DT2 around 11:00 am CT.

S&P 500

Today's MARKET STATE S&P 500 **BULL TREND**


- The MKT has just produced a big positive technical signal. On the SELL side DP BREAKOUT strategies are a low probability but valid. Risk little and go for a lot. If the MKT is going to turn sour, it should be quick and relentless. Avoid UP FADE strategies as the MKT has just produced a major buy signal and fresh gains are expected. UP REVERSAL strategies as well are not recommended, as any resistance level violation that cannot be held is more likely a squeeze for the longs, which can quickly turn positive.
- On the BUY side BREAKOUT, FADE and REVERSAL are recommended as the MKT is aggressively 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, leverage up using the squeeze low as a stop, expecting a quick reaction back above your original entry. De-leverage unless you have confluence with other indicators or like MKTs.

Today's PRICE MAP Performance for SP

Wrap Up

Today was a perfect example of how to bank profits even when the market does not perform to expectations.  The S&P 500 futures produced a BULL TREND market state and the expectation is for a continuation of the positive structure as the market grinds higher.  With the R Level at the DIR, the analyst is saying that if we are going to get follow through on the BULL TREND signal, the market should remain firm above the DIR and just "go". A break in this level negated the positive sentiment and a breakdown from our level of Support at the DP would signal a negative transition.  As it played out, the market built NEGATIVE structure throughout the session and allowed us to utilize our HEDGE TACTIC (MA crossover) to confirm the SELL DP BREAKOUT trade.  The market continued to put in lower highs and lower lows until eventually reaching our downside target at the DT2.

GOLD

Today's MARKET STATE for CRUDE OIL **NEUTRAL DIGESTION TRANSITION**

- MKT sentiment is leaning negative and will outweigh the buy side if the integrity of the previous session high remains intact.
- On the SELL side accept BREAKOUT, FADE and REVERSAL strategies with the expectation that the current negative transition will continue. Keep aggressive position management on DP BREAKOUT strategies as the MKT is still in the neutral zone and has yet to commit to a new trend. A more conservative strategy would be to wait for positive reactions after a negative signal to FADE the DIR.
- On the BUY side avoid DP FADE strategies until after the previous session high point has been taken out. Until then, a better opportunity will be a DP REVERSAL strategy. The idea is that the transition trade is over and a positive 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 GC

Wrap Up

A negative transition is what we expected, and a negative transition is what traders got today in the GOLD Futures.  With an MC Value of -2 and a NEUTRAL DIGESTION TRANSITION Market State, traders know that the market has the potential to be the start of a big directional move.  The R Level at the UP told traders that the opportunity was on the short side of this market below the R Level.  The Moving Average crossover tactic confirmed the SELL DP BREAKOUT trade as the market continued to build negative structure and the faster 21-period SMA remained below the 55-period SMA.  Both MA tactic and negative structure held true throughout the session as traders were able to ride the big sell-off down to the expected price target at the DT2.

CRUDE OIL

Today's MARKET STATE for CRUDE OIL **NEUTRAL POSITIVE EXTREME**

- The MKT will need to spark some excitement today if it is to avoid falling back into a digestive trade.
- On the Sell side REVERSAL strategies off the UP, UT1 or UT2 will work best as any unsustained positive signal is expected to provide a sharp negative reaction. FADE strategies off the UP are valid but will work better after the 2nd or 3rd press into an area. BREAKOUT strategies below the DP are a lower probability and should be used as a signal for a FADE strategy against the DIR.
- On the Buy side FADE and REVERSAL strategies are recommended off the DP, especially if the previous session low point remains intact.  BREAKOUT strategies should hold structure after a resistance breach if they are going to follow through. Any break in momentum and the market will be vulnerable to a drop back into a digestive trade.

Today's PRICE MAP Performance for CL

 

Wrap Up

Today in the CRUDE OIL futures market, the MC Value of +3 produced a NEUTRAL POSITIVE EXTREME Market State.  If the market is going to avoid falling back into a DIGESTIVE posture, it should just "go" and not look back after trading above the R LEVEL at the UP.  Below this level, the market is prone to a digestive session.  As highlighted in out market commentary, BUY DP FADE and REVERSALS are recommended.  The market put in an intra-day double bottom formation at our minor level 95.94 while the RSI showed underlying strength as it put in a HIGHER low on the 2nd bottom.  This was our "tell" to accept the BUY DP REVERSAL strategy targeting the DIR.