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.
Contact me directly @ 800-958-9571 or via email: firstname.lastname@example.org
Follow me on twitter @MDA_SnapShot
Published 6/14/16 8:32 am central:
Yesterday we highlighted 2 sell zones one in the morning update and then a zone that developed mid-session. Both bottom sell zones if played provided a nice entry to the downside momentum that came into the session yesterday. It took a while to develop near the end of the day but the 2075 price zone that held eventually gave out and price traded down to the low 2060’s. With the close below the 2075 price level, as I pointed out yesterday looking at the Market Action Scanner, the next downside target will be the 2053 price level, which is the weekly POC on the MAS. On the Market Action Scanner I have highlighted several levels, the 2075-2075 which was the support we had to break through has now become overhead resistance and can potentially look to be entries for traders looking to get short but on small bounces. The SP cash odometer on MAS has become more negative as we would anticipate with this move, Bears are now beginning to take control at these prices. These are all technical based levels, based on volume traded, we do have some fundamental news data being released that could change this like the FOMC announcements and data relating to that, as well as Brexit fall-out as that could really effect global currency markets.
Looking at the MDA SnapShot, I have highlighted the most recent zones that developed. If you look just left of those levels, you will see the zones that were in play during the overnight session and the end of yesterday. That top zone @ 2077 could be a sell zone if we retrace higher and touch that for swing traders (something to consider). TAS navigator is strong red negative bearish confirmation, according to this chart, Bears have control and if looking to take long positions know that you are going against the grain on this chart and to be comfortable taking partial profits, scratches and trailing stops. we will see how we open up, and where the volume starts trading to see how to play these levels or if we need to lean on the previous zone. I think we could trend between the MAS weekly Top and the MAS Weekly POC I have highlighted on the chart, from a technical standpoint.
Oil traded down to almost $48 but didn’t print below. we are now near $48.50 July contract will be rolling next week. Gold traded up to 1293.00 and the US Dollar is just broke through its 200 daily moving average.
For those who need more clarification on what my levels mean, or would like to discuss in greater detail how I put this together, or how to take action
Click Images for larger New window
Market Action Scanner: S&P
MDA SnapShot Levels – Quick Grid – ES
30 Min SnapShot Chart: ES
Economic Calendar: Video on how to access on dt pro: https://vimeo.com/160017837
Subscribe to Market Dimensions Advisory
Market Dimensions Advisory - Get Inside the Mind of Commodity Market Professional Andrew Pawielski! The Market Dimensions Advisory leverages Andrew’s own live trading and a career of working directly with professional traders, commercial clients and institutional business. This deep understanding combined with countless hours of technical market analysis have made Andrew proficient with trading execution and the trading process.
Market Dimensions Advisory includes an email newsletter subscription.
Market Action Scanner
The Market Action Scanner is a premier Market Profile based scanner powered by the acclaimed TAS proprietary algorithms. Sign up for a 14-day trial to Market Action Scanner!
STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER.
THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CONTRACTS CAN BE SUBSTANTIAL. THERE IS A HIGH DEGREE OF LEVERAGE IN FUTURES TRADING BECAUSE OF SMALL MARGIN REQUIREMENTS. THIS LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU AND CAN LEAD TO LARGE LOSSES AS WELL AS LARGE GAINS.
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.