USDCAD - Vulnerable

The USDCAD is on edge and threatening. 10886 is the Inflection Pivot keeping the MKT in an aggressive sell posture. Look for FADE and REVERSAL opportunities in the 10886-10855 zone. Things do have the potential to get emotional with 1.0320 the extended target for any new trend move south. Look for immediate support today at 1.0697-1.0687 if things start to unwind. 10766 is the current confirmation breaking point. A rise above 1.0926 negates this opportunity.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

USDJPY - Flip Flop

The USDJPY switched gears bouncing off support and producing a positive corrective signal. This MKT is fighting higher and corrective states can be erratic. For now key off the 9460 Inflection Pivot for an indication of the session tone. Above here the positive signal is in play targeting 9568-9562 on any upside follow through. Be patient. If the rally is going to fizzle it will here. A held breach and the positive momentum can carry as high as 9719-9700 before it exhausts.



- A break under 9460 signals this MKTs intentions of going nowhere. Time to look elsewhere for opportunity as they only thing going on will be lower premiums.


JS


This post supports JS Services Strategy Based Trading approach. 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 Trial.
Posted by John Slazas at 10:16 PM 0 comments
Labels: FOREX: USDJPY

USDJPY - Negtive Signal Needs Confirmation

FOREX - USDJPY


The USDJPY cross produced a negative signal and is flirting with a negative shift. 9482 is the Inflection Pivot keeping the signal in play down to the 9405 support. If the MKT is going to stabilize it will here. A held failure confirms the negative signal targeting 9251 on any downside follow through. Expect a reaction. 9116 is the lower extreme.



If the negative signal is valid the MKT will close lower and at some point in the session take out yesterday's low at 9403. A rise above 9482 puts the signal in question with 9562 the high point for any reversal of fortune. Although a reaction is expected trading at these levels is expected to be erratic with 9719 the high point for any false hope . No follow through is expected.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

GOLD - Losing Luster

The AUG'09 GOLD contract is slipping lower, currently pressing good directional support at 933.8-931.6. If the MKT is going to stabilize it will here for a bounce back up to the 947 Inflection Pivot. If not the negative sentiment is set to overwhelm the MKT targeting 893.1 on any downside shift. Use caution. This break does have the potential to extend to 850.




The 947 Inflection Pivot that will gauge the MKTs tone for the current corrective shift. Below here the contract is hard pressed into support. Above this point the positive momentum will try to re-establish itself, targeting 996.2. A violation of 962.5 is needed to confirm any new push north. Be patient. No follow through is expected.



JS



This post supports JS Services Strategy Based Trading approach. 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 Trial.

SP500 - How we doing?

Each post on Inflection Pivots is a powerful statement of a MKT' behavioral posture. The signals presented show underlying psychological shift in sentiment which will influence the MKT over the coming sessions. On June 22, 2009 the SP500 Index produced a negative corrective signal.

The June 22, 2009 the signal and provided a framework to capitalize on the opportunity. The 931.00 Inflection pivot proved to be the pivotal point providing a rejection down to the 870-862.50 support band for a buy opportunity. This was the low point for the corrective break putting the 1017 target in play.

Although we do not follow each MKT signal post through completion you should continue to track its progress. For now the SP500 remains in an aggressive buy posture above 963, targeting 1017. A held trade under 963 and the contract is vulnerable to a retreat back down to the 931 level.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

RLX - Flirting with a fresh advance

The Retail Sector Index [RLX] is working higher poised to challenge good directional resistance at 348.44 with all trading above 338.72. Be patient. A violation here is needed to confirm a fresh advance targeting 364.48 and 372.95 on the initial move.

A dip under 338.72 sets up a buying opportunity down to 331.68. This is the Inflection Pivot keeping the positive bias in play. Look for buying opportunities down to 326.11. This is the low point for any corrective pullback and the expected bottom for a new leg higher. Only under 326.11 is the positive signal negated and the Index back in a difficult digestive trade down to 299.44.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.

GBPJPY - NEGATIVE SHIFT

The GBPJPY cross produced a negative shift signal within a neutral digestive posture. For now it is noise however trading below the 15469 Inflection Pivot will have the MKT on the defensive down to 15240.

15240 is the breaking point that if taken out will confirm today's negative signal putting the 15035 and 14825 support targets in play.

A held trade above 15469 puts the negative signal in question up to 15618. Be patient. This is the high point for any upside head fake. A violation of 15618 confirms a positive shift targeting 15936. Expect no follow through.

JS

This post supports JS Services Strategy Based Trading approach. 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 Trial.