Here you will find the most recent trade levels released today in the Market Dimensions Advisory. This update is showcasing the MDA SnapShot levels with potential buy and sell zones for you to consider executing starting your trading day. If you would like to further discuss these trades do not hesitate to contact me directly. If you are not getting these updates sent to your inbox each morning, please subscribe HERE. To see all MDA updates (morning & intra-day levels, trade recaps, educational material) visit my blog page HERE.
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Published 7/1/16 8:07 am central:
Our long entry levels this week have worked out very well for those who have followed them or held long positions for the week. The market really hasn’t had too many retracements into our sell zones on the 30 Min chart, so it hasn’t presented many stop outs on the trailing stops based on bottom zones, or having us getting short to be stopped out. Hopefully, you have been able to see this on a daily basis and take advantage.
As we are all well aware, this is the Friday before a holiday weekend. Many are already off today for the long weekend, but the markets are still open. In my opinion, it can be a trap at times trading these Friday sessions around holidays. yes there are still opportunities, but we will see reduced volume and momentum will not carry out as much as we like. Don’t put yourself in a position where you are holding positions and staring at the screens all day hoping for a large move. Give it the open see how much volume comes in and if you make a trade or two call it a day. Anything mid to late day is most likely going to chop people up if you are entering into new positions.
Below you will see the updated levels for today and the holiday schedule for Monday. The markets will be closed and there will not be any updates until Tuesday of next week. Have a safe and Happy 4th of July Holiday.
Click Images for larger new window:
Market Action Scanner: S&P
MDA Grid Levels: ES (people ask for my levels on other time frames, these are them)
MDA SnapShot 30 Min Chart: (these are the 30 min grid levels on a chart)
Economic Calendar: Video on how to access on dt pro: https://vimeo.com/160017837
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