The DEC'09 GOLD contract downshifted from its aggressive Bull advance and will need to stabilized above the 1039 Inflection Pivot to keep the positive momentum in gear. A held failure from 1039 confirms a break in momentum and the MKT vulnerable to a sharp drop down to 1028.4 and 1016.3 on any sentiment shift. Expect some emotional swings with 944.9 the current extreme.
A rise above the 1061.7-1060.8 resistance band will bring in some fresh interest. Work the bid. The aggressive advance will be ready to engage with 1082.6 and 1098.9 targeted.
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.
Identifying MARKET STATE, STRUCTURE and STRATEGY solutions
Thursday, October 15, 2009
Wednesday, October 14, 2009
British Pound - Bear Trend Correction
The Dec'09 British Pound produced a positive signal against a negative underlying trend. Positive action today should be viewed as "Corrective" up to the 16146 Inflection Pivot. This is the expected high point for any upside follow through to yesterday's signal if the underlying negative momentum is going to remain in force. A rise above 16146 is a positive transitional signal that projects the currency up to 16387 and 16661 on any sentiment shift.
A break under 15873 support pivot is needed to put the contract back in a soft spot targeting 15691 on any negative turn. If the MKT is going to stabilize it will do so above here. If not the sellers will be back with 15554 and 15510 targeted.
Corrective trading environments are dynamic. Watch the current positive structure [higher move lows, higher move highs]. If its holding don't be too anxious to step in front of the rise. A break in structure followed by a squeeze test of 16146 or a REVERSAL [false Breakout] at this level is the best opportunity today to re-establish a short position. 16055 resistance will also provide a REVERSAL opportunity.
Only above 16146 can we get on board with the current positive push.
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.
Tuesday, October 13, 2009
Canadian Dollar - What's up with that?
The Dec'09 Canadian Dollar is working higher and will remain aggressively bid above 9619 Inflection Pivot, pressing resistance at 9748. If the rally is going to stall it will here. A held violation however is a fresh positive that has the potential to accelerate the run up to 9902. 10016 is the extended target.
A break under 9619 signals a corrective trade with 9462 and 9398 the lower targets for any short term sentiment shift. Any trading at these levels will be a gift. Load up on the currency with the expectations of a new leg higher.
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.
A break under 9619 signals a corrective trade with 9462 and 9398 the lower targets for any short term sentiment shift. Any trading at these levels will be a gift. Load up on the currency with the expectations of a new leg higher.
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.
Monday, October 12, 2009
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.
Friday, October 9, 2009
Inflection Pivot Alerts on Twitter
In an effort to provide you actionable trading opportunities JS Services is providing timely alerts via Twitter. If you would like to follow click here http://twitter.com/JSservices.
Here is an example of our Tweets from Oct 8, 2009
click the image to enlarge
Here is an example of our Tweets from Oct 8, 2009
click the image to enlarge EuroFX Z9 - Drama Day - 14736-14644 Critical Range - http://www.inflectionpivot.blogspot.com/7:28 PM Oct 7th from txt
At 7:28pm cst the evening [19:28] the MKT was trading at @ 1.4710. This Tweet supported the Blog post for the same session which identified 1.4644 and the session sentiment bias level or Inflection Pivot.
The post highlighted 14736 as the resistance point which must be violated to invalidate the corrective signal sparking a rally into the 1.48 handle.
SP500 Index Z9 - Acid Test - 1065.50 pivotal Res - 1052.50 turning point - http://www.inflectionpivot.blogspot.com/11:35 PM Oct 7th from txt
The Tweet was sent at 11:35pm cst [23:35] identifying the 1065.50 as a pivotal resistance point for the session.
The level provided repeated reactions containing the buying for the day.
US 30YR T-BOND : 123-00 Hurdle - Going nowhere or south below here - http://www.inflectionpivot.blogspot.com/7:47 AM Oct 8th from web
The post was sent at 07:47am cst with the MKT trading at 122-20 and correctly identified 123-00 as a pivotal resistance point.
After an unsuccessful challenge of this resistance the MKT turned south targeting JS Services support pivot.
GOLD Z'09 - Set to Swing - 1042.6 Directional support - 1027.8 Turning Point - http://www.inflectionpivot.blogspot.com/7:50 AM Oct 8th from web
The Tweet was sent at 7:50am cst when the MKT was trading at 1053.7.
The MKT then broke hard into the 1042.6 Directional support area and provided a $20 bounce.
Crude Oil X'9 - Indecisive - 69.25 session Inflection Pivot - http://www.inflectionpivot.blogspot.com/7:52 AM Oct 8th from web
The Tweet was sent at 7:52am cst with the MKT trading just under the 70.42 resistance pivot alerting you of an opportunity below the MKT at 69.25.
The MKT broke hard into the 69.25 Inflection Pivot, providing a FADE opportunity good for $3.
DAX Z'9 - Vulnerable below 5729 targeting 5678 and 5628 - http://www.inflectionpivot.blogspot.com/7:54 AM Oct 8th from web
The Tweet was sent at 7:54am cst when the MKT was trading below its 5729 resistance pivot at 5719 signaling the vulnerability of a drop down to the 5678.5 support.
The MKT did break and stabilized above 5678.5 for a 50pt rally back up to the 5729 resistance pivot.
The Tweets are sent randomly highlighting opportunities in different MKTs. If you would like to see these opportunities consistently on your MKT of choice please contact me to demo our Price Map chart overlay and sign up to follow JS Services on Twitter.
Have a good weekend.
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.
Thursday, October 8, 2009
SP500 Index - Time to Play a Card
The Dec'09 SP500 contract closed firm and is pressing good directional resistance at 1067.25. If the rally is going to extend the MKT will need to maintain positive structure holding above the 1053 Inflection Pivot. If so a run for the 1078 resistance target should be expected. Expect a reaction. Only a close above here confirms this an extension of the current rise targeting 1103.25.
- A break under 1053 puts the contract back in the spin cycle down to 1042.75. Be patient. If the MIKT is going to maintain its composure it will stabilize above here. A held failure is a sign of weakness that shifts sentiment negative targeting 1022.75. 991.25-988 is the low point for any event.
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.
- A break under 1053 puts the contract back in the spin cycle down to 1042.75. Be patient. If the MIKT is going to maintain its composure it will stabilize above here. A held failure is a sign of weakness that shifts sentiment negative targeting 1022.75. 991.25-988 is the low point for any event.
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.
Wednesday, October 7, 2009
EUROFX - DRAMA DAY
The Dec'09 EUROFX posted a negative technical signal against an underlying positive trend. 14644 is the Inflection Pivot that confirms or denies any short term sentiment shift. Typically if a MKT cannot confirm a negative technical signal it can act as a spring board for a fresh advance.
Key off the 14736-14644 Critical Range for a signal to the MKTs next move. A breach of 14736 negates the BULL TREND CORRECTIVE negative signal sparking fresh interest targeting the 14897-14877 resistance band on any positive turn of events.
A break under 14644 is needed to give the CORRECTIVE signal some teeth targeting 14547 on any downside follow through. Be patient. If the MKT is going to stabilize it will above here. If not the weakness can extend down to 14414 before it does.
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.
Key off the 14736-14644 Critical Range for a signal to the MKTs next move. A breach of 14736 negates the BULL TREND CORRECTIVE negative signal sparking fresh interest targeting the 14897-14877 resistance band on any positive turn of events.
A break under 14644 is needed to give the CORRECTIVE signal some teeth targeting 14547 on any downside follow through. Be patient. If the MKT is going to stabilize it will above here. If not the weakness can extend down to 14414 before it does.
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.
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