NASDAQ100 emini - Excitable

The Index jumped higher in early trading and is fast approaching big directional resistance at 1479.25. If the rally is going to stall it will here. A violation and the excitement has the potential to extend up to 1497.50-1496.25 before the sellers try to keep things under control. Expect a reaction.


Trading at these levels is positive however the rally is lacking indicator support which will need to kick in if this is the beginning of something bigger with a 1597.75 initial objective.




1445.25 is today's Inflection Pivot. Above here the buyers will remain aggressive. If we get an opportunity expect it to be "touch and go" if the positive excitement is going to return. A held failure from 1445.25 puts the bullish signal in question and the MKT back in a messy digestive trade.

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.

FOREX USDCHF, AUDUSD - Time to play a card

As a follow up to last Thursday's negative signal in the AUDUSD and USDCHF MKTs.

USDCHF for July 13, 2009

The USDCHF did not follow through and produced a positive corrective signal on Friday. Today the question is the USDCHF going to return to to its negative signal or is the MKT going to transition back into a firm posture.

Key off the 10819 Inflection Pivot for the answer.

A held trade above 10819 keeps the MKT firm up to the 10943 resistance pivot. If the rally is going to stall it will here. A breach and the USDCHF transitions into a more aggressive positive posture putting the 11160 target in play.

A break under 10819 and the USDCHF is vulnerable to a negative turn pressing support at 10695 and 10602. Although trading at these levels is negative reactions are expected. 10371 is the lower target for any unwinding.

AUDUSD for July 13, 2009

The AUDUSD remains in a vulnerable state and aggressively offered below the 7836 Inflection Pivot.

Expectations are for the MKT to test the 7704 support with all trading below 7836. If the MKT is going to stabilize it will here. If not the pressure has the potential to accelerate down to 7473.

A rise above 7836 puts Thursday's negative signal in question up to 7902. Only above here is the signal negated and the MKT back in a difficult digestive pattern.

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.

BEAR TREND ACCELERATION Signal - USDCHF, AUDUSD

FOREX USDCHF, AUDUSD

Both the USDCHF and AUDUSD produced a negative BEAR TREND ACCELERATION signals. In this technical state expectations are that the MKT will continue to hold negative structure and will accelerate to the downside.



AUDUSD

AUDUSD will remain vulnerable to the offer with all trading below the 7893 Inflection Pivot. This is the optimal entry area for any new sales. A break under 7780 support is a fresh negative that puts the 7668 support target in play. 7441 is the extended target for any new leg lower.



A breach of 7900-7893 negates the signal putting the MKT back in a difficult digestive trade up to 8119.

USDCHF

The USDCHF has produced a BEAR TREND ACCELERATION signal but may be a little ahead of itself. Key off the 10884 Inflection Pivot for an indication of the session tone. Below here the signal is in play and the MKT threatening. 10708 is the base supporting any new weakness if the the cross is going to bounce back into a neutral posture. A break under this support is needed to confirm the negative signal targeting 10371 on any downside follow through.



A rise above 10884 negates the signal confirming this MKTs intentions o going nowhere.

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.

GBPUSD - Back on the Fence

The GBPUSD posted a negative CORRECTIVE signal which will keep the MKT vulnerable to further losses with all trading below the 16130 Inflection Pivot.

If yesterday's selling is going to keep its edge any positive push will reject here targeting the 15905-15895 support band.

Let the truth be told. If the underlying positive momentum is going to resume course the MKT will stabilize above here. A failure and sentiment turns sour down to 15543 and 15425.

A rise above 16140-16130 puts the negative signal in question and the buyers in launch mode. Work any positive structure with expectation of a strong move up to 16347 and the 16600-16557 resistance band. Expect a reaction as no follow through is expected at this time.

JS

* Price Map Chart Overlay performance for JULY 8, 2009

EURUSD GBPUSD USDCHF

USDJPY USDCAD AUDUSD

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 - BEAR TREND DIGESTION

The USDJPY slipped lower but could not extend.

9562 is today's Inflection Pivot. Expect the MKT to have a sell strength bias against here. A breach of this resistance signals a neutral shift with 9690 and 9772 the upper consolidation parameters.


USDJPY for JULY 8, 2009




9445-9433 is the price band supporting any weakness today if we are in for a digestive session. A held failure here is a fresh negative signal putting the 9326 and 9255 support targets back in play.

Note Tuesday's Price Map action for the USDJPY, as it traded within the 9546 and 9471 parameters from Monday's post.



USDJPY

The Price Map chart overlay is available in Ninja Trader, Strategy Runner and eSignal and is a powerful trading tool that puts structure to random MKT action. If you are currently using either of these platform and would like to test drive the application please contact me, info@jsservices.com .

JS

* Below are the Price Map chart overlay results for the FOREX majors for Tuesday July 7, 2009

USDCHF

USDCAD

EURUSD

AUDUSD

GBPUSD

For more information please 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 - Negative Signal needs confirmation

The USDJPY is flirting with a negative shift in sentiment and will maintain this posture below the 9621 Inflection Pivot. This is the high point for any buying today if the negative signal is going to follow through and the best entry for any short position. Look for FADE opportunities as any test of resistance is expected to be met with a sharp rebuke. A held violation of 9627-9621 negates the negative signal putting the MKT back into a difficult digestive trade up to 9884 on any positive shift in sentiment.





A break under 9471 is needed to confirm Monday's signal targeting 9321 on any negative follow through. The MKT is having trouble sustaining any new move and this is not expected to change. Expect stop and go conditions with 9130 the release low point for any unwinding.

9546 will act as a good pivotal level within the 9621- 9471 digestive range.


JS



This commentary 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 - Back on the Fence

The SP500 U’09 contract followed through to the downside and is flirting with a negative shift in sentiment after producing a negative acceleration signal with Thursday's action.

908 remains the Inflection Pivot to key off for the MKT bias. Trading below here has the contract hard pressed with the 875 and 862.50 support target levels in play for any downside follow through.


As a practical application to entry strategies using Inflection Pivots lets review the action from the July 2, 2009 post.



The MKT started the session above the 908 Inflection Pivot with a positive signal bias providing a FADE buy as the initial opportunity, which resulted in a stop loss of -4pts.



The 908 level was identified as pivotal with a counter signal negative opportunity on a breakdown failure. “A break under 908-907.25 negates the positive signal and turns sentiment sour targeting 889.50 on any negative turn of events.”



The Index provided a BREAKOUT signal which attained the initial downside target resulting in a +17pt gain.

A FADE and BREAKOUT are two classic entry strategies to use when trading an Inflection Pivot. The other strategy is a REVERSAL.



The REVERSAL strategy played out this week in the Crude Oil Q'09 contract. From the 6-29-2009 post the 70.85 was identified as the Inflection Pivot.



Monday's action produced a negative signal and Tuesday's action started off below the 70.85 Inflection Pivot putting the MKT in a negative bias. After a false BREAKOUT the MKT produced a REVERSAL and followed through down to the 66.90 target.



Using defined entry strategies off qualified Inflection Pivots provides hard structure that allows you to define your risk. With proper risk management you are able to put yourself into opportunities where you can be wrong more times than you are right and still be profitable.

JS

This commentary 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.