S&P 500

Today's MARKET STATE S&P 500 **BULL TREND ACCELERATION**


- Technically the MKT has produced a major positive signal. On the SELL side REVERSAL strategies can be executed at UP, +c and UT3 following an exhaustive signal. UP FADE strategies have potential after the 3rd press into an area but retaining the integrity of the inflection point. Consider rolling long on any stops with this strategy.  SELL DP BREAKOUT strategies are not recommended but can be used as a signal for a FADE against the DIR.
- On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the previous session’s low point. UP BREAKOUT strategies early in the session may have issues holding structure, so respect any break in momentum. BUY DP FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift.

Today's PRICE MAP Performance for SP

Wrap Up
JS Traders were able to capitalize on today's big move in the S&P 500 futures by identifying the MARKET STATE at the beginning of the session.  In a BULL TREND ACCELERATION state, our expectation is for an accelerated move to the upside while maintaining POSITIVE structure.  The optimal tactic for this market state is a Moving Average crossover tactic.  As you can see, the MA crossover signal occurred just before our BUY UP BREAKOUT signal just after 8:30 am CT.  The market created a STRONG BAR through the RESISTANCE level (UP) and closed at the high, validating the breakout signal. JS Traders were able to get long the market from the UP and ride the trade all the way up to our expected profit target at the UT2.

EURO STOXX 50

Today's MARKET STATE EURO STOXX 50 **BEAR TREND ACCELERATION**

- The MKT is vulnerable to the offer and threatening fresh losses. On the SELL side accept FADE, REVERSAL and BREAKOUT strategies below the previous session’s high point. DIR and DP BREAKOUT strategies should just "go", so do not risk much. UP FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold lower structure and any momentum shift should be considered a potential positive corrective turn.
- On the BUY side avoid REVERSAL strategies off major support levels as these signals are more likely short squeeze rallies and opportunities to SELL into and FADE. BREAKOUT strategies above the previous session high are a long shot, so risk less and go for more. Any DP FADE should have confirmation and is not recommended if the integrity of the previous session high is intact. After a break in the negative structure is confirmed, support levels can be used for short-term reactions using aggressive position management

Today's PRICE MAP Performance for DSX

Wrap Up
Today in the EURO STOXX 50 futures market, traders had an opportunity to make money using our OPTIMAL HEDGE TACTIC as the MKT did not perform to expectations.  In a BEAR TREND ACCELERATION market state, the expectation is for the market to continue to make lower move lows and lower move highs while accelerating to the downside.  Moving Average crossover tactics work well in these conditions, however, the early break in structure around 3:15 am was the tell that the market was not going to follow through with the bear trend acceleration signal.  With that being said, traders were able to utilize our RSI and Stochastic tactics to identify the trade of the day.  The Sentiment remained negative below the R Level, and any corrective rally up to this level presented traders with an opportunity to short the market.  When the market tested the UP around 3:45 am CT, there was a major BEARISH DIVERGENCE signal in the RSI along with an "Overbought" reading in the Stochastics.  These market tactics were in confluence with our JS Pricemap and allowed traders to get short the market from the UP.  Price immediately began to drop off an the market maintained negative structure throughout the rest of the session, allowing traders to take profits at the DP.

WHEAT

Today's MARKET STATE WHEAT **NEUTRAL DIGESTION**


- The MKT has a slight negative bias in a difficult "choppy" trade. On the SELL side DP BREAKOUT strategies are valid but should expect a laborious trade.  UP and UT1 FADE and REVERSAL strategies are recommended but profit should be taken at initial targets. The probability is to the downside today but is not a day to press it.
- On the BUY side avoid UP BREAKOUT strategies but rather FADE a negative reaction after a positive breakout signal at the DIR. DP REVERSAL strategies are recommended over FADE strategies as "sloppy" trading conditions are expected. Any DP FADE trades should get confirmation before executing. Position management adjustments should be anticipated for all longs as sideways trading conditions can quickly erase profits.

Today's PRICE MAP Performance for W

 

Wrap Up
An MC Value of -2 signaled a NEUTRAL DIGESTION market with a slight negative  bias.  With the R Level at the DIR, the market is "on the fence" and has the potential to be the start of a directional move.  The market opened up above the R Level signaling that a sell-off to the DIR was an opportunity to get long the market from the optimal entry point (R).  Since the market was in a NON-TREND state, traders should utilize the momentum oscillator tactics for a "tell" on the market.  The oversold reading in the RSI hinted that the market was finding support at the R and highlighted the BUY R FADE opportunity.  The market respected our key inflection pivot and rallied to the upper end of our Critical Range where profits could have been taken.

NATURAL GAS

Today's MARKET STATE NATURAL GAS **BULL TREND ACCELERATION**


- Technically the MKT has produced a big positive signal. On the SELL side REVERSAL strategies can be executed off the UP and +c. Expectations should be for an immediate exhaustive turn with the MKT quickly moving away from the area.  Avoid SELL UP FADE strategies even with confirmation. SELL DP BREAKOUT strategies are not recommended but can be used as a signal for a FADE against the DIR.
- On the BUY side accept FADE, REVERSAL and BREAKOUT strategies above the previous session’s low point. UP BREAKOUT strategies should just "go", so do not risk much. Be wary of these strategies early in the session and look to exit on the 1st break in structure.  BUY DP FADE strategies are recommended over REVERSAL strategies as the MKT is expected to hold higher structure and any failure should be considered a potential negative corrective shift.

Today's PRICE MAP Performance for NG

Wrap Up
Today was a "money day" in the NATURAL GAS futures market.  The MC Value of +5 produces a BULL TREND ACCELERATION market state.  Coming into the session, our expectation is for the market to build positive structure throughout the session making higher move highs and higher move lows if the market is going to perform to expectations.  In a TRENDING market environment, our optimal MARKET TACTIC is the MA crossover signal that generated the "BUY" confirmation.  Also, notice how the MA "band" acts as support for the advance.  At 8:00 am CT the market gave us a BUY UP BREAKOUT opportunity allowing JS Traders to get long the market on the breakout.  The market maintained positive structure throughout the entire session, surpassing our profit target at the UT2 before finally running into resistance at the UT3.  This was a huge day for our traders in the NATURAL GAS market and it was all made possible by three things: MARKET STATE, STRUCTURE and STRATEGY.

CRUDE OIL

Today's MARKET STATE CRUDE OIL **BULL TREND**


- The MKT has a firm tone and as long as the integrity of the previous session low remains intact, look for excuses to get long. On the SELL side UP FADE strategies are valid but profit targets and risk management should be tight.  REVERSAL strategies should be applied only at the UP and +c after an exhaustive signal. Use DP BREAKOUT strategies as a signal to FADE a positive reaction against the DIR. Only until the MKT breaks the positive structure are sell signals an opportunity.
- On the BUY side BREAKOUT, FADE and REVERSAL are recommended as the MKT is bid and all buy signals are valid opportunity. If stopped out at or near the low tic of a reaction and the MKT is not following through to the downside, look to re-enter using the recent squeeze low as a stop. If the MKT breaks structure, de-leverage and be more selective as the likelihood of a sideways trade is high.

Today's PRICE MAP Performance for CL

Wrap Up
Today we had an interesting setup in the CRUDE OIL futures market.  With an MC Value of +5 the MKT produced a BULL TREND signal.  However, the analyst called the markets bluff by placing the R Level at the minor level above the UP, signalling to traders that the opportunity was to the downside below the R.  The market opened up within the Critical Range and then began to sell off sharply during the morning session.  By trading below the DP, the market offered JS Traders a SELL DP BREAKOUT opportunity, targeting the DT2.  Maintaining negative structure along with monitoring the moving average crossover tactic was the key in today's session.  The faster MA crossed below the slower MA giving us confirmation to accept the SELL BREAKOUT strategy.  Also notice that the market maintained negative structure and found resistance at the "moving average band" throughout the decline.  The market eventually achieved are downside target at the DT2 around 11:00 am CT.

S&P 500

Today's MARKET STATE S&P 500 **BULL TREND**


- The MKT has just produced a big positive technical signal. On the SELL side DP BREAKOUT strategies are a low probability but valid. Risk little and go for a lot. If the MKT is going to turn sour, it should be quick and relentless. Avoid UP FADE strategies as the MKT has just produced a major buy signal and fresh gains are expected. UP REVERSAL strategies as well are not recommended, as any resistance level violation that cannot be held is more likely a squeeze for the longs, which can quickly turn positive.
- On the BUY side BREAKOUT, FADE and REVERSAL are recommended as the MKT is aggressively bid and all buy signals are valid opportunity. If stopped out at or near the low tic of a reaction and the MKT is not following through to the downside, leverage up using the squeeze low as a stop, expecting a quick reaction back above your original entry. De-leverage unless you have confluence with other indicators or like MKTs.

Today's PRICE MAP Performance for SP

Wrap Up

Today was a perfect example of how to bank profits even when the market does not perform to expectations.  The S&P 500 futures produced a BULL TREND market state and the expectation is for a continuation of the positive structure as the market grinds higher.  With the R Level at the DIR, the analyst is saying that if we are going to get follow through on the BULL TREND signal, the market should remain firm above the DIR and just "go". A break in this level negated the positive sentiment and a breakdown from our level of Support at the DP would signal a negative transition.  As it played out, the market built NEGATIVE structure throughout the session and allowed us to utilize our HEDGE TACTIC (MA crossover) to confirm the SELL DP BREAKOUT trade.  The market continued to put in lower highs and lower lows until eventually reaching our downside target at the DT2.

GOLD

Today's MARKET STATE for CRUDE OIL **NEUTRAL DIGESTION TRANSITION**

- MKT sentiment is leaning negative and will outweigh the buy side if the integrity of the previous session high remains intact.
- On the SELL side accept BREAKOUT, FADE and REVERSAL strategies with the expectation that the current negative transition will continue. Keep aggressive position management on DP BREAKOUT strategies as the MKT is still in the neutral zone and has yet to commit to a new trend. A more conservative strategy would be to wait for positive reactions after a negative signal to FADE the DIR.
- On the BUY side avoid DP FADE strategies until after the previous session high point has been taken out. Until then, a better opportunity will be a DP REVERSAL strategy. The idea is that the transition trade is over and a positive shift back into a NEUTRAL DIGESTION is expected. UP BREAKOUT strategies can be profitable but they are aggressive. Risk less, go for more.

Today's PRICE MAP Performance for GC

Wrap Up

A negative transition is what we expected, and a negative transition is what traders got today in the GOLD Futures.  With an MC Value of -2 and a NEUTRAL DIGESTION TRANSITION Market State, traders know that the market has the potential to be the start of a big directional move.  The R Level at the UP told traders that the opportunity was on the short side of this market below the R Level.  The Moving Average crossover tactic confirmed the SELL DP BREAKOUT trade as the market continued to build negative structure and the faster 21-period SMA remained below the 55-period SMA.  Both MA tactic and negative structure held true throughout the session as traders were able to ride the big sell-off down to the expected price target at the DT2.