CRUDE OIL Futures - REACHING

- Technically the MKT has produced a positive signal into the upper extreme and will need to hold structure if it is going to avoid a drop back into a digestive trade. 89.50 and 89.92 are the immediate targets that have the potential to derail the current strength with the 86.07 Inflection Pivot the low point for any negative turn of events.

JS



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Eurex EUROStoxx Futures- DIZZY

Technically the MKT has produced a major positive signal into the upper extreme and will need to hold structure if it is going to avoid a drop back into a digestive trade. Key off the 2741.0 Inflection Pivot for an indication of the session tone. If the MKT is going to hold structure it will maintain a trade above here. If not the contract is vulnerable to a retreat down to 2695.0, if not 2603. Notable resistance at 2787.0 will gauge any new strength.

On the SELL side UP FADE signals are valid but REVERSAL strategies are a better option. Have resting limit orders off support inflections and use aggressive position management to lock in any unrealized gains on any REVERSAL trade. DIR and DP BREAKOUT strategies are aggressive but do have the potential to profit from a quick negative move out of the extreme. Use tight position management for these strategies as any unrealized profits can be erased quickly by the underlying positive momentum.

On the BUY side accept DP FADE signals after confirmation. The MKT is extended and may search for stops before it resumes its Bull move. REVERSAL strategies are a better option. The sharper the break, the better for an entry with the expectations that the MKT is going to revisit the recent move high. BUY DIR and UP BREAKOUT strategies may need to be "worked" as the MKT is extended and has the potential to produce some starts and stops.
 
JS


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


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Dec' 10 GOLD Futures - NOT SO FAST

Technically the MKT has produced a positive signal into the upper extreme and will need to hold structure if it is going to avoid a drop back into a digestive trade. Key of the 1261.3 Inflection Pivot. This is the low point for any pull-back today if the underlying positive momentum is going to keep pace. If the MKT is going to make a fresh run in the session it is unlikely it will spend much time if any below 1268.0. If so it is more neutral than negative as only a break under 1261.30 signals a sentiment shift. 1281.4 is the upside hurdle for any new leg higher.


On the SELL side UP FADE signals are valid but REVERSALS are a better option. Use resting profit limits and tight stops. DIR and DP BREAKOUT strategies are aggressive but do have the potential to profit from a quick negative move out of the extreme. Use tight position management as any unrealized profits can be erased quickly.

On the BUY side accept DP FADE signals after confirmation. The MKT is extended and may search for stops before it resumes its Bull move. REVERSAL strategies are a better option. The sharper the break, the better for an entry with the expectations that the MKT is going to revisit the recent move high. BUY DIR and UP BREAKOUT strategies may need to be "worked" as the MKT is extended and has the potential to produce some starts and stops.

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.

SP500 INDEX Futures - EXTENDED

Technically the MKT has produced a major positive signal into the upper extreme and will need to hold structure if it is going to avoid a drop back into a digestive trade.

Key off the 1054 Inflection Pivot as the low point for the underlying positive structure. If the bias is going to remain firm and pull-back will bottom out above here. A held breach of 1079.50 shifts the Index back into a positive position for a new leg north.

On the SELL side FADE signals are valid but REVERSAL strategies are a better option at the 1079.50 resistance pivot. Have resting limit orders off support inflections and use aggressive position management to lock in any unrealized gains on any REVERSAL trade. 1071 and 1062.50 BREAKOUT strategies are aggressive but do have the potential to profit from a quick negative move out of the extreme targeting the 1054 support. Use tight position management for these strategies as any unrealized profits can be erased quickly by the underlying positive momentum.

On the BUY side accept FADE at 1062.50 and 1054 signals after confirmation. The MKT is extended and may search for stops before it resumes its Bull move. REVERSAL strategies are a better option. The sharper the break, the better for an entry with the expectations that the MKT is going to revisit the recent move high. BUY DIR and BREAKOUT strategies above 1079.50may need to be "worked" as the MKT is extended and has the potential to produce some starts and stops.

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.

BRITISH POUND Futures - Searching for Resistance

Technically the MKT has produced a major positive signal into the upper extreme and will need to hold structure if it is going to avoid a drop back into a digestive trade.

Key off the 15035 Inflection Pivot as the potental exhaustive high point for any new interest today.

On the SELL side FADE signals are valid but REVERSAL strategies are a better option at 14916 and 15035. Have resting limit orders off support inflections and use aggressive position management to lock in any unrealized gains on any REVERSAL trade. BREAKOUT strategies at 14801 and 14686 are aggressive but do have the potential to profit from a quick negative move out of the extreme. Use tight position management for these strategies as any unrealized profits can be erased quickly by the underlying positive momentum.

On the BUY side accept FADE strategies off the 14686 support pivot after confirmation. The MKT is extended and may search for stops before it resumes its Bull move. REVERSAL strategies are a better option. The sharper the break, the better for an entry with the expectations that the MKT is going to revisit the recent move high. BUY BREAKOUT strategies above 14801 and 14916 may need to be "worked" as the MKT is extended and has the potential to produce some starts and stops, with 15035 the high point for any positive push. Only above here does the rally extend.

JS

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10YR T-NOTE Futures - BULL TREND EXTREME

** BULL TREND EXTREME **- Technically the MKT is at the positive extreme and is flirting with an exhaustive turn. Keep your dancing shoes on this Technical State has the potential to get a little wild.

Key off the 120-06 Inflection Pivot today for an indication of the session tone. All trading below here keeps the contract vulnerable to a retreat.

On the SELL side accept REVERSAL strategies off 120-25 and 121-215 resistance levels should work on the initial break in momentum if they are going to. BREAKOUT strategies below 119-19 are aggressive but do have the potential to be the start of a corrective turn, so look to get in early on the initial break in structure. Lock in any unrealized profit on these strategies, as the underlying momentum remains positive. 118-13 and 117-15 are the lower targets.

- On the BUY side accept FADE signals off the 119-00 and 118-13 major support levels after the 2nd or 3rd confirmation. The MKT is extended and may need to digest a bit before it produces a positive push. REVERSAL strategies are valid off all major support inflection points as well as the 119-19 support pivot, with the expectation that the underlying positive tone will try to assert itself. The outlook after a REVERSAL signal will be more firm digestive than positive trend. BREAKOUT strategies above 120-06 and 120-25 should just go, so keep stops and position management tight. If not the likelihood of a sideways trade developing is high.

Note: The MKT is extended and any push to new move highs is not expected to be sustained. Emotional trading conditions are expected.

JS

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