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: email@example.com
Follow me on twitter @MDA_SnapShot
Published 6/21/16 8:20 am central:
We ended yesterday’s session with a small sell off and then a quick rally back before the close. During the overnight, we have a high @ 2086 and a low @ 2074.25, with a majority of the volume coming in during our open session @ 2081.00. We have seen crude sell-off early this morning as well as gold push back below 1300 on the august contract. Bonds also traded back up to 168 range. We have Janet Yellen testimony this morning at 9am. So we could see some fallout from her questioning or it may be a non-event. The news about Brexit is that the spread betting houses are suggesting that they will remain.
Below you will find today’s updates. Market Action Scanner with its current levels has us gray neutral. We have a bullish green sp odometer that we can say bulls on the cash market are in control still the previous sessions. Below you will also see the MDA SnapShot Grid levels. These are all the SnapShot levels as outlined on the 30 min chart across multiple longer term time frames. The levels are played the same way. Tops/Bottoms on longer term time frames indicate support and resistance and potential breakout zones if closes above or below them.
On the SnapShot Chart, it is getting quite busy with the lines that I am adding, but I want to try and point out significant levels that I am watching and considering so you have a better idea of what I am watching.
If you are not a client with me or if we have never spoken, I encourage you to reach out. If you are trading self-directed, we can support that on our platform and I can provide access to the tools I use. We can also chat about this market further as well as all the other markets I follow and the levels associate with them.
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.