Below you will see the published updates from the Market Dimensions Advisory showcasing the positions that were executed following the MDA SnapShot levels that were released from today’s session. This content is from the “Trading Updates/Recaps” that go out to MDA Subscribers. If you would like to follow these trading alerts in real-time, receive them in your inbox and have the ability to speak with me, you will need to subscribe to the newsletter and become a client of our firm. To get these updates sent directly to your inbox, please SUBSCRIBE HERE. To see ALL MDA published updates (trading recaps, daily levels, and educational trading material), visit the MDA BLOG PAGE: HERE.
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Below the first update, you will see the original charts showing buy/sell zones
Published 5/20/16 – 10:37 am – Long Position Update w/Chart
We have just slightly pushed through the recent highs to make new highs again @ 2055.25 The target I called out this morning was near @ 2056.00 which is the Daily POC on Market Action Scanner. You can either look to squeeze a bit more out of this trade or look to go ahead and get out here and call it a nice profitable day. We gave this trade some time so it is up to you if you want to sit and hold. However, we most likely will get some volatility at some point today where we see some selling coming in, just not exactly sure when and where.
For longer-term swing traders, look to keep original risk on this trade or move the stop to breakeven, on this chart we have green TAS Navigator momentum in our favor so we could see this market continue to trend up. The only thing I don’t like about holding longer term is today is Friday.
Last @ 2055 +9pts or $450 per contract.
30 min SnapShot Chart Highlighting the S&P Long
Published 5/20/16 – 10:45am – MDA SnapShot Levels Emailed To Subscribers Showing ES Buy/Sell Zones
Here are today’s levels. We are pinned right near the highs from a tight overnight range. The zones are very tight so I am using the previous sell zone for risk on longs or potential areas to sell. if we do breakout to the downside I would look for 2036-2033 to be the first resistance zone and then the lows from yesterday. To the upside if we break out we will most likely drift toward the 2050 level specifically the 2056 POC from the Daily Market Action Scanner. We have had some volatility the last couple sessions so reduce position sizing if we start seeing some whipsaw market action.
30 min SnapShot Chart – S&P Showing Levels
Market Action Scanner: ES
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