5yr T-Note Futures - Sentiment Shift

The MKT is pressing into an exhaustive extreme and is vulnerable to a corrective trade. Respect positive structure but be ready to roll with any negative turn.

Key off the 117-215 Inflection Pivot today for an indication of the session tone. If the MKT is going to avoid a sentiment shift it will maintain a trade above here. If not a sharp negative shift is expected.

On the Sell side REVERSAL strategies off major inflection points will work best as any unsustained positive signal is expected to provide a sharp negative reaction. FADE strategies off the 118-017 resistance inflection pivot is valid but will work better after the 2nd or 3rd press into an area. BREAKOUT strategies below 117-215 are a lower probability but do have the potential to provide an emotional release.

On the Buy side FADE and REVERSAL strategies are recommended off 117-215, especially if the previous session low point remains intact. BREAKOUT strategies above 118-017 should hold structure after a resistance breach if they are going to follow through. Any break in momentum and the market will be vulnerable to drop back into a digestive trade.

Note: The MKT has stalled and may need a session or two to catch its breath or it already has. Keep an open mind and let the MKT tell you was is.

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.

DOW FUTURES - TIGHT ROPE

The MKT is pressing into an exhaustive extreme and is vulnerable to a corrective trade. Respect positive structure but be ready to roll with any negative turn expecting a play for the 11080 Inflection Pivot. Key off the 11221 resistance inflection for the upside exhaustion signal.

On the Sell side REVERSAL strategies off the 11221 and 11315 resistance levels will work best as any unsustained positive signal is expected to provide a sharp negative reaction. FADE strategies against 11221 are valid but will work better after the 2nd or 3rd press into an area. BREAKOUT strategies below 11127 are a lower probability but do have the potential to provide an emotional release down to 11080 and 10962.

On the Buy side FADE and REVERSAL strategies are recommended off 11127 and 11080. BREAKOUT strategies above the 11221 resistance pivot should hold structure after a resistance breach if they are going to follow through. Any break in momentum and the market will be vulnerable to drop back into a digestive trade.

Note: The MKT has stalled and may need a session or two to catch its breath or it already has. Keep an open mind and let the MKT tell you was is.

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.

CRUDE OIL - EXTENDED

** NEUTRAL POSITIVE EXTREME **

The MKT is in a neutral digest in an underlying posiitve MKT and will need to generate a positive push today if it is to avoid falling back into a corrective trade.

The 83.88 Inflection Pivot is the low point for any corrective pull back if the underlying tone is going to remain firm. A break under this support level is a signal of a sentiment shift.

On the Sell side REVERSAL strategies off major inflection points will work best as any unsustained positive signal is expected to provide a sharp negative reaction. FADE strategies off the initial major resistance inflection pivots are valid but will work better after the 2nd or 3rd press into an area. BREAKOUT strategies are a lower probability and should be used as a signal for a FADE strategy against Directional reisstance.

On the Buy side FADE and REVERSAL strategies are recommended off support inflections, especially if the previous session low point remains intact. BREAKOUT strategies should hold structure after a resistance breach if they are going to follow through. Any break in momentum and the market will be vulnerable to drop back into a digestive trade.

Note: The MKT has stalled and may need a session or two to catch its breath or it already has. Keep an open mind and let the MKT tell you was is.

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.

USDJPY - PRESSING THE POSITIVE TURNING POINT

FOREX - USDJPY ** NEUTRAL POSITIVE EXTREME **


The MKT is pressing the upper edge of its neutral digestion at the 9164 resistance pivot and will need to generate a positive push today if it is to avoid falling back into a corrective trade.


On the Sell side REVERSAL strategies off the 9164 and 9241 levels will work best as any false positive signal is expected to provide a sharp negative reaction. FADE strategies off the 9164 level are valid but will work better after the 2nd or 3rd press into an area. BREAKOUT below the 9010 support Inflection Pivot are a lower probability and should be used as a signal for a FADE strategy against the 9087 Directional resistance.


On the Buy side FADE and REVERSAL strategies are recommended off the 9087 and 9010 pivotal levels, especially if the previous session low point remains intact. BREAKOUT strategies above 9164 should hold structure after a resistance breach if they are going to follow through targeting 9318 and 9434. Any break in momentum and the market will be vulnerable to drop back into a digestive trade.


Note: The MKT may need a session or two to catch its breath. Keep an open mind and let the MKT tell you was is.



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 Reviewhttp://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.