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 9/28/16 8:49 am central:
We trended higher to start the overnight session and then sold off sharply early morning. We have been grinding higher since and making an uptrend. If the last 2 bars didn’t trade back above 2153.00 it appeared we could of had a small head and shoulder forming.
On the chart outlined below, I have highlighted several high volume areas to consider for an upside target or potential resistance as well as some key volume support levels or downside targets.
We have had a very slow open on the morning. With the ATR Trading just over 2 points at the moment. So volatility is down, and this is a sign of breakouts not quite having much strength.
If we retrace back down I will keep an eye on the type of volume that it creates. If we get larger sellers trying to push it lower or if we see larger buyers supporting the 2150 area.
We are currently trading in zone. Breakout buy/sell are highlighted or look to lean on the Bottom zone for a buy opportunity if we close below it.
Click Images for larger new window:
MDA SnapShot Chart: 30 Min ES
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