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.
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.
No comments:
Post a Comment