Here you will find the most recent update released today in the Market Dimensions Advisory. This update is showcasing a review of the S&P and the levels associated with the MDA SnapShot highlighting the move, as well as analysis on where we may go from here. To get these updates sent directly to your inbox, please subscribe for free HERE. To see all MDA updates visit my blog page HERE.
Published 2/29/16 3:28 pm central:
Traders,
This morning we didn’t really have our levels in play we were above the boxes near the open from the early morning move higher. However, we did see these 30 min levels update twice today. I do my very best to notify followers of when levels change or where I am looking to execute trades. Unfortunately with fast moving markets and other duties to my brokerage business I do not have the time to create the similar morning update emails as I do during the session. That is why I encourage everybody who is following along and trading to try and utilize the tools I use so you can see them develop in real-time on your own and take action. Or, if you do not have the time to do that, I would inquire into working directly with me and my higher service level arrangement where I can provide better notifications. (I am happy to discuss this with interested prospects any time near the close of a session).
That being said, I wanted to showcase some of the levels that worked today. Especially the sell off at the end of the day as we had a sell zone develop and was hit. The sell off went through our 2nd sell zone of the day and targeted the sell zone area presented early this morning. I was unable to participate on this trade for my clients following POA, as I had been in the long and was done for the day, but I did want to pinpoint the move. I spoke to several online traders who confirmed with me the zone and took action. I also have included an updated market action scanner for you to review as well. We will see what the overnight brings and what levels we have tomorrow.
If you would like to gain access to these tools I use, just reach out to me and let me know. You can find some of the resources here.
· Market Action Scanner Webinar: http://ow.ly/YNTLl
Market action Scanner updated (click for larger image)
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!
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