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

There was MAJOR opportunity for profits today in the S&P 500 futures market trading the JS PRICEMAP.  In a BULL TREND market environment, the expectation is for a continuation of the positive momentum and trader should look to get long the market aggressively ABOVE the R Level (@ DIR).  Just before 6:00 am CT, the market gave traders the first BUY opportunity of the session from the DIR R inflection pivot.  This is the HIGHEST risk-reward entry point for the session.  This trade turned profitable right away as the market rallied sharply off the low and eventually produced ANOTHER BUY entry signal at 8:30 am CT.  This BUY UP BREAKOUT strategy was in-line with our sentiment bias and market environment.  Also, the MOVING AVERAGE TACTIC, which is most reliable in trending market states, was in agreement with the buy signal.  This confluence of signals created a HIGH PROBABILITY trading opportunity in the S&P 500 market,  Traders were able to get on board the substantial rally and ride the momentum all the way up to the expected profit target at the UT2.