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.
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.
