SP500 INDEX Futures - SKEPTICAL

 

- The MKT has produced a major positive technical signal and is flirting with a shift into a more aggressive trend position. Key off the 1150.50-1147.25 resistance band as a pivotal area for trading at these levels. If the MKT is going to extend higher it will build a base above here to make a run for the 1175 level. A held trade below 1147.25 signals a big digestive trade with the 1118.50 Inflection Pivot the low point for a new consolidation. 

On the SELL side avoid UP FADE strategies and use a REVERSAL instead. The MKT is excited but has yet to confirm any new advance. Expectations are that any false positive breakout signal will be met with a sharp negative reaction. DP BREAKOUT strategies are a lower probability but are valid and in line with a reversal scenario.


- On the BUY side accept FADE, BREAKOUT and REVERSAL strategies. UP BREAKOUT strategies have the potential to run. If so, they will just "go" and not look back. Any stop and go action and any profits should be realized as it is more likely the MKT will be setting up a re-test of the DIR support to FADE before it can extend higher. FADE and REVERSAL strategies should work off the DP and only provide one opportunity. Repeated tests or base building and it is more likely the MKT is going to search for its lower digestive extreme rather than resume a positive course.

JS


* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv  .

To learn more about JS Services Strategy Based Trading approach please contact me at info@jsservices.com  . You can also visit http://www.jsservices.com/  and sign up for a Complimentary FREE Trial.

USDJPY FOREX - NOW WHAT?

Technically the MKT is in a DIGESTIVE BULL TREND and is flirting with a shift into a more aggressive positive position. Look for excuses to get long but respect the digestive nature and avoid pressing any position.


The 8418 Inflection Pivot is the base for any pullback if yesterday's intervention is going to have any lasting effect. A breach of 8592 and the powers that be will no doubt toast a little sake. A dip under 8418 and a digestive trade is the expectation.

On the SELL side avoid FADE strategies and use a REVERSAL instead. The MKT is excited but has yet to confirm any new advance. Expectations are that any false positive breakout signal will be met with a sharp negative reaction. BREAKOUT strategies are a lower probability but are valid and in line with a reversal scenario. If the MKT has already produced a false positive signal and is holding negative reversal structure, this strategy has potential. Expectations are that any negative BREAKOUT should just go and with the MKT staying under pressure into the close and expanding the digestive range. Anticipate a positive turn and consider reversing off lower support structure.

On the BUY side accept FADE, BREAKOUT and REVERSAL strategies. BREAKOUT strategies have the potential to run. If so, they will just "go" and not look back. Any stop and go action and any profits should be realized as it is more likely the MKT will be setting up a re-test of support to FADE before it can extend higher. FADE and REVERSAL strategies should work off initial major support and only provide one opportunity. Repeated tests or base building and it is more likely the MKT is going to search for its lower digestive extreme rather than resume a positive course.

Note: The MKT has produced a positive signal but is not confirmed. Be ready for it but if it does not materialize, beware of a negative reaction. Don't get caught fading a break that continues to hold structure as the MKT may be defining its lower digestive extreme and will most likely find it after it hits your last sell stop.

JS


* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv  .

To learn more about JS Services Strategy Based Trading approach please contact me at info@jsservices.com  . You can also visit http://www.jsservices.com/  and sign up for a Complimentary FREE Trial.

EURUSD Forex - TRUTH OR DARE

- The MKT is in a holding pattern and is trying to shift into a more aggressive positive position. Key of the 12854 Inlection Pivot for an indication of market sentiment. A held trade above here is needd to keep the buyers happy. A breach o 12926 conirms a fresh adance. A break under 12776 is needed to negate the underlying posiitve tone and put the MKT back on the defensive.

- On the SELL side avoid FADE strategies and use a REVERSAL instead. The MKT is excited but has yet to confirm any new advance. Expectations are that any false positive breakout signal will be met with a sharp negative reaction. BREAKOUT strategies are a lower probability but are valid and in line with a reversal scenario. If the MKT has already produced a false positive signal and is holding negative reversal structure, this strategy has potential.


- On the BUY side accept FADE, BREAKOUT and REVERSAL strategies. BREAKOUT strategies have the potential to run. If so, they will just "go" and not look back. Any stop and go action and any profits should be realized as it is more likely the MKT will be setting up a re-test of support to FADE before it can extend higher. FADE and REVERSAL strategies should work off initial major support and only provide one opportunity. Repeated tests or base building and it is more likely the MKT is going to search for its lower digestive extreme rather than resume a positive course.

JS


* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv  .


To learn more about JS Services Strategy Based Trading approach please contact me at info@jsservices.com  . You can also visit http://www.jsservices.com/  and sign up for a Complimentary FREE Trial.

EUREX BUND Futures - NOT SO FAST

Technically the MKT has produced a positive signal but remains in a DIGESTIVE BULL TREND. Key off the 12861 Inflection Pivot for an indication of the session. As long as the MKT is above here the positive signal will be in play. Look for excuses to get long but respect the digestive nature and avoid pressing any position.


On the SELL side avoid FADE strategies and use a REVERSAL instead at the 12939 resistance pivot. The MKT is excited but has yet to confirm any new advance. Expectations are that any false positive breakout signal will be met with a sharp negative reaction. BREAKOUT strategies below 12861 are a lower probability but are valid and in line with a reversal scenario. If the MKT has already produced a false positive signal and is holding negative reversal structure, this strategy has potential. Expectations are that any negative BREAKOUT should just go and with the MKT staying under pressure into the close and expanding the digestive range. Anticipate a positive turn and consider reversing off lower support structure.

On the BUY side accept FADE, BREAKOUT and REVERSAL strategies. BREAKOUT strategies above 12939 have the potential to run. If so, they will just "go" and not look back. Any stop and go action and any profits should be realized as it is more likely the MKT will be setting up a re-test of support to FADE off 12900 before it can extend higher. FADE and REVERSAL strategies should work off  the 12861 support pivot and only provide one opportunity. Repeated tests or base building and it is more likely the MKT is going to search for its lower digestive extreme rather than resume a positive course.

Note: The MKT has produced a positive signal but is not confirmed. Be ready for it but if it does not materialize, beware of a negative reaction. Don't get caught fading a break that continues to hold structure as the MKT may be defining its lower digestive extreme and will most likely find it after it hits your last sell stop.

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

To learn more about JS Services Strategy Based Trading approach please contact me at info@jsservices.com . You can also visit http://www.jsservices.com/  and sign up for a Complimentary FREE Trial.

EUREX - BUND Futures - PROVE IT

Technically the MKT is in a DIGESTIVE BULL TREND and is flirting with a shift into a more aggressive positive position. Look for excuses to get long but respect the digestive nature and avoid pressing any position.

Key off the 12955 Inflection Pivot for the confirmation or denial of this forecast. Above here the positive momentum stays in command targeting 12986 and 13036. A rejection and the MKT will be back down at 12892 in no time, if not worse.

On the SELL side avoid FADE strategies and use a REVERSAL instead at 12955. The MKT is excited but has yet to confirm any new advance. Expectations are that any false positive breakout signal will be met with a sharp negative reaction. BREAKOUT strategies below 12892 are a lower probability but are valid and in line with a reversal scenario. If the MKT has already produced a false positive signal and is holding negative reversal structure, this strategy has potential. Expectations are that any negative BREAKOUT should just go and with the MKT staying under pressure into the close and expanding the digestive range. Anticipate a positive turn and consider reversing off lower support structure.

On the BUY side accept FADE, BREAKOUT and REVERSAL strategies. BREAKOUT strategies above 12955 have the potential to run. If so, they will just "go" and not look back. Any stop and go action and any profits should be realized as it is more likely the MKT will be setting up a re-test of support to FADE off 12923 before it can extend higher. FADE and REVERSAL strategies should work off the 12892 support pivot and only provide one opportunity. Repeated tests or base building and it is more likely the MKT is going to search for its lower digestive extreme rather than resume a positive course.

Note: The MKT has produced a positive signal but is not confirmed. Be ready for it but if it does not materialize, beware of a negative reaction. Don't get caught fading a break that continues to hold structure as the MKT may be defining its lower digestive extreme and will most likely find it after it hits your last sell stop.

JS

* ENTRY STRATEGY - 5min web video explaining FADE, BREAKOUT and REVERSAL strategies http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

To learn more about JS Services Strategy Based Trading approach please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

EURUSD FOREX - TRYING TO MAKE A DIFFERENCE

Technically the MKT is in a DIGESTIVE BULL TREND and is flirting with a shift into a more aggressive positive position. Look for excuses to get long but respect the digestive nature and avoid pressing any position.

Key off the 12483 Inflection Pivot for an indication of the markets tone. As long as the currency is above this price point the bias is positive. A failure here and the digestive nature of the technical state will take over.
On the SELL side avoid FADE strategies and use a REVERSAL instead against the 12610 resistance pivot. The MKT is excited but has yet to confirm any new advance. Expectations are that any false positive breakout signal will be met with a sharp negative reaction. BREAKOUT strategies below 12483 are a lower probability but are valid and in line with a reversal scenario. If the MKT has already produced a false positive signal and is holding negative reversal structure, this strategy has potential. Expectations are that any negative BREAKOUT should just go and with the MKT staying under pressure into the close and expanding the digestive range. Anticipate a positive turn and consider reversing off lower support structure.

On the BUY side accept FADE, BREAKOUT and REVERSAL strategies. BREAKOUT strategies above the 12610 resistance have the potential to run. If so, they will just "go" and not look back. Any stop and go action and any profits should be realized as it is more likely the MKT will be setting up a re-test of support to FADE before it can extend higher. FADE and REVERSAL strategies should work off 12483 and only provide one opportunity. Repeated tests or base building and it is more likely the MKT is going to search for its lower digestive extreme rather than resume a positive course.

Note: The MKT has produced a positive signal but is not confirmed. Be ready for it but if it does not materialize, beware of a negative reaction. Don't get caught fading a break that continues to hold structure as the MKT may be defining its lower digestive extreme and will most likely find it after it hits your last sell stop.

JS

* ENTRY STRATEGY - 5min webvideo explaining FADE, BREAKOUT and REVERSAL strategies  http://www.jsservices.com/education/sbt/CME_EntryStrategies5min.wmv .

To learn more about JS Services Strategy Based Trading approach please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

5yr T-NOTE Futures - TRYING TO MAKE A DIFFERENCE

Technically the MKT is in a DIGESTIVE BULL TREND and is flirting with a shift into a more aggressive positive position. Look for excuses to get long but respect the digestive nature and avoid pressing any position.

Key off the 117-0225 Inflection Pivot for an indication of the session tone. This is the base for the underlying positive momentum and will maintain its integrity if the 5yr is in for higher prices.

On the SELL side avoid FADE strategies and use a REVERSAL instead against the 117-152 resistance pivot. The MKT is excited but has yet to confirm any new advance. Expectations are that any false positive breakout signal will be met with a sharp negative reaction. BREAKOUT strategies below 117-022 are a lower probability but are valid and in line with a reversal scenario. If the MKT has already produced a false positive signal and is holding negative reversal structure, this strategy has potential. Expectations are that any negative BREAKOUT should just go and with the MKT staying under pressure into the close and expanding the digestive range. Anticipate a positive turn and consider reversing off lower support structure.

On the BUY side accept FADE, BREAKOUT and REVERSAL strategies. BREAKOUT strategies above 117-152 have the potential to run. If so, they will just "go" and not look back. Any stop and go action and any profits should be realized as it is more likely the MKT will be setting up a re-test of support to FADE before it can extend higher. FADE and REVERSAL strategies should work off the 117-022 support inflection pivot and only provide one opportunity. Repeated tests or base building and it is more likely the MKT is going to search for its lower digestive extreme rather than resume a positive course.

Note: The MKT has produced a positive signal but is not confirmed. Be ready for it but if it does not materialize, beware of a negative reaction. Don't get caught fading a break that continues to hold structure as the MKT may be defining its lower digestive extreme and will most likely find it after it hits your last sell stop.

JS

Learn more about JS Services Strategy Based Trading approach using CLEARBOX automated strategies! For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

10YR T-NOTE - SPIN CYCLE

Technically the MKT is in a DIGESTIVE BULL TREND with a slight negative tone. The MKT is searching for support so wait for a positive signal instead of trying to create one.

Key off the 117-085 Inflection Pivot today as this is the expected low point for any new weakness if the MKT is going to end the session in positive territory.

On the SELL side FADE and REVERSAL signals off the 117-295 resistance level are valid. The MKT has a soft tone and is expected to probe lower as long as the intra-day structure is negative. Keep position management and profit targets aggressive, as these trades are counter trend. SELL BREAKOUT strategies below 117-085 are more aggressive, as follow through to the downside is not expected at this time.

On the BUY side accept REVERSAL strategies off the 117-085 and 116-300 support levels with the expectation that any signal has the potential to be the beginning of the next leg higher. BUY FADE strategies off 117-085 will need confirmation before they should be accepted. In addition any test may need to build a base before it can mount a sustained positive push, so expect a laborious trade. BREAKOUT strategies above 117-19 and the 117-295 resistance pivot are valid however the digestive trade will make FADE strategies off support on a "pullback" after a BREAKOUT signal a better opportunity.

Note: The MKT has any underlying positive tone but may probe lower to define its digestive range.



JS


Join our "LIVE" TRADE ROOM and learn JS Services Strategy Based Trading approach using CLEARBOX automated strategies! For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

Heating Oil J'10 - Positive Signal needs Confirmation

Technically the MKT is in a DIGESTIVE BULL TREND and is flirting with a shift into a more aggressive positive position. Look for excuses to get long but respect the digestive nature and avoid pressing any position.

The 21071 Inflection Pivot is the price point to watch to keep the Positive signal in play, with 21443 the hurdle to confirm a new advance.

On the SELL side avoid FADE strategies and use a REVERSAL instead. The MKT is excited but has yet to confirm any new advance. Expectations are that any false positive breakout signal will be met with a sharp negative reaction. BREAKOUT strategies are a lower probability but are valid and in line with a reversal scenario. If the MKT has already produced a false positive signal and is holding negative reversal structure, this strategy has potential. Expectations are that any negative BREAKOUT should just go and with the MKT staying under pressure into the close and expanding the digestive range. Anticipate a positive turn and consider reversing off lower support structure.

On the BUY side accept FADE, BREAKOUT and REVERSAL strategies. BREAKOUT strategies have the potential to run. If so, they will just "go" and not look back. Any stop and go action and any profits should be realized as it is more likely the MKT will be setting up a re-test of support to FADE before it can extend higher. FADE and REVERSAL strategies should work off initial major support and only provide one opportunity. Repeated tests or base building and it is more likely the MKT is going to search for its lower digestive extreme rather than resume a positive course.

Note: The MKT has produced a positive signal but is not confirmed. Be ready for it but if it does not materialize, beware of a negative reaction. Don't get caught fading a break that continues to hold structure as the MKT may be defining its lower digestive extreme and will most likely find it after it hits your last sell stop.

JS

Join our "LIVE" TRADE ROOM and watch JS Services transparent automated strategies trade these recomendations! For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

10YR T-NOTE - Positive Signal needs confirmation

Technically the MKT is in a DIGESTIVE BULL TREND and is flirting with a shift into a more aggressive positive position with all trading above the 117-000 Inflection Pivot. Look for excuses to get long above here but respect the digestive nature and avoid pressing any position.

On the SELL side avoid FADE strategies against 117-150 and 117-225 and use a REVERSAL instead. The MKT is excited but has yet to confirm any new advance. Expectations are that any false positive breakout signal will be met with a sharp negative reaction. BREAKOUT strategies below 117-000 are a lower probability but are valid and in line with a reversal scenario. If the MKT has already produced a false positive signal and is holding negative reversal structure, this strategy has potential. Expectations are that any negative BREAKOUT should just go and with the MKT staying under pressure into the close and expanding the digestive range. Anticipate a positive turn and consider reversing off lower support structure.

On the BUY side accept FADE, BREAKOUT and REVERSAL strategies. BREAKOUT strategies above 117-150 have the potential to run. If so, they will just "go" and not look back. Any stop and go action and any profits should be realized as it is more likely the MKT will be setting up a re-test of support to FADE before it can extend higher. FADE and REVERSAL strategies should work off 117-000 and only provide one opportunity. Repeated tests or base building and it is more likely the MKT is going to search for its lower digestive extreme rather than resume a positive course.

Note: The MKT has produced a positive signal but is not confirmed. Be ready for it but if it does not materialize, beware of a negative reaction. Don't get caught fading a break that continues to hold structure as the MKT may be defining its lower digestive extreme and will most likely find it after it hits your last sell stop.


JS

Join our "LIVE" TRADE ROOM and watch JS Services transparent automated strategies trade these recomendations! For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/ and sign up for a Complimentary FREE Trial.

10yr T-NOTES H'10 - POSITIVE SHIFT

The underlying technical sentiment has shifted positive without the support off any price appreciation. Head fake in front of the figure or foreshadowing of things to come.

Currently the market is in a DIGESTIVE BULL TREND.

For now the positive sentiment maintains the bias above the 117-005 Inflection Pivot with 117-175 the lid for the current digestive trade. This is the trigger for any shift into a Bull Trend mode targeting 118-035 and 118-305. A failure from 117-005 negates this technical state and shifts sentiment targeting 116-11.

Note: The MKT has produced a positive signal but is not confirmed. Be ready for it but if it does not materialize, beware of a negative reaction. Don't get caught fading a break that continues to hold structure as the MKT may be defining its lower digestive extreme and will most likely find it after it hits your last sell stop.

JS

This post supports the Strategy Based Trading, which is a methodology that focuses on the applied strategy verses a specific market. The approach looks to align strategies with markets whose current technical behavior matches the strategies criteria. Please review the following CME sponsored tutorial for a complete overview of this approach.

STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html

For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.

BULL TREND DIGESTION - SP500 Index

The Dec'09 SP500 contract held its ground but could not extend off Tuesday's Acceleration signal dropping back into a BULL TREND DIGESTION technical state. Delayed reaction? Could be. Key off the 1112.25 Inflection Pivot of an indication of the session tone. If the MKT is good it will sustain a trade above here and not look back. The 1120.25 resistance pivot is the spoiler for any extended run today. Once cleared of this hurdle any new buying will have the potential to climb up to 1140.25 in the session. 1161 is the extended target.
*

- Trading below 1112.25 keeps the contract in a messy digestive trade down to 1104.25 and 1100. If the Index is going to maintain its composure it will stabilize above here. If not thing s can get a little slippery with 1084.50 and 1064 the low points for any new consolidation. 1039 is the extreme for any reversal of fortune in front of Friday's figure.


Be patient. If things don't get interesting quick the session could be another head banger.


JS


For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.

US 30YR T-BOND - Is that it?

The Dec'09 30yr T-Bond found its footing and is and is trying to stabilize off the 119-20 inflection pivot. Technically this MKT is in a BULL TREND DIGESTION posture.

In this state the underlying tone is positive however a "stop and go" trade is likely. Where strong surges of optimism fizzle and are followed by sharp corrective action. This will be the mode above 119-20 and below 122-02. Within this price trade difficult trading conditions should be expected.

A rise above 122-02 is need to give the contract a confidence boost for a steady trend posture where the MKT starts to hold positive structure. As long as this is so the momentum will target 124-03.

A break under 119-20 puts the contract is a soft transitional trade and vulnerable to a hard retreat down to the 118-07 recent low point. Use caution. Emotional trading conditions are expected with 115-05 the current extreme.

Understanding the MKT's technical state and the inflection points that define that state is the foundation of a balanced trading approach. For a practical application review of JS Services Strategy Based Trading approach for the 30yr T-Bond last week [Oct 5-9] click here http://www.jsservices.com/recaps/JSSReviewUS105909.wmv .

JS

STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html

For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.

US 30YR T-BOND - BULL TREND DIGESTION

The Dec'09 US 30YR T-Bond is back pressing good directional resistance are 121-31. If the MKT is going to remain in a digestive state any positiver push today will exhaust here. A held breach is a fresh positive signal that will put the 122-24 target in reach during the session. Expect a reaction but don't get turned around. Sustained trading at these levels forecasts a run at the 123-23-123-19 resistance band.

121-06 is today's Inflection Pivot, defining the session bias. Above here the contract will be bid into resistance at 121-31 and below here offered into support at 120-13. This is the low point for any weakness today if the MKT is going to remain in a digestive state. Accept FADE and REVERSAL signals off this support. Don't fight a held trade under 120-13 however as the Bears will be poised to take a bite putting the 118-12 support target back in play.

The MKT is in a BULL TREND DIGESTIVE state so the bias remains underlying positive however sideways within the 121-31-120-13 Critical Range with 121-06 the directional pivot. A breach of either range extreme will tee the sentiment bias into Friday's figures.

JS

Strategy Based Trading is a methodology that focuses on the applied strategy verses a specific market and looks to align strategies with markets whose current technical behavior matches the strategies criteria.Please review the following CME sponsored tutorial for a complete overview of this approach.STRATEGY BASED TRADING Review http://progressive.powerstream.net/008/00102/edu/interactive/js_services/strategy_based_trading/index.html

For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary FREE Trial.