Here you will find the most recent trade levels released today in the Market Dimensions Advisory. This update is showcasing an MDA SnapShot levels with potential buy and sell zones for you to consider executing on the 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.
Published 3/11/16 8:04 am central:
Yesterday was a day that will remain in the history books. With the ECB announcement and the volatility and uncertainty that followed and played out early morning and throughout the day. Now that the markets have had 24 hours to digest what happened, it appears that bulls were able to get their strength back and the Euro is trying to find some balance from its sharp move lower and then its slingshot move back to new highs.
The futures indices are rolling next week and we are starting to see more volume being traded in the June Contract. I will put together a Market Action Scanner write up next week to showcase the new levels we need to watch.
Yesterday’s volatility created some nice opportunities for the signals, but with such a fast moving environment it makes it very difficult to capture a snapshot, write about it and then email it out. That is why I believe if you are finding value into this service I am offering you need to have an account with me so we can talk during the session and we can begin giving you and teaching you the tools I use so you can begin trading it for yourself. Please reach out to me directly to discuss this further. I published an early morning buy that worked out. What I wasn’t able to publish was a sell signal when we broke lower as well as a buy late in the day before the rally.
Looking at the 30 min SnapShot Chart for June. We are pinned up against the highs from the overnight move. We have a sell zone @ 1995 and a buy/risk zone above the overnight highs. Bulls are definitely in control with the come back we saw yesterday, but we could see some downside volatility in the session. I would like to try and take a bite of that move it happens. Ultimately with us maybe looking to get long if we hit new price levels to the downside or start hitting some of the longer term Profile levels. I have included a screenshot of the SP odometer showing that all time zones are currently green bullish.
30 Min SnapShot Chart: (click for larger image)
Market Action Scanner (click for larger image)
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