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 4/28/16 8:33 am central:
Traders,
After pushing up and making new recent highs in the ES shortly after the FOMC meeting volatility the Bank of Japan sent some negative news into the markets by voting against more stimulus. Thus causing their markets to sell off as well as the US markets. This translated into about a 20 pt move at the time, and we have been trading in 2080 to the low 2070’s most of the morning.
Looking at Market Action Scanner, we are still neutral 3-time frames except the 240 min which is bearish red for the last 3 bars. We need to see where we put in volume today and where we close to start getting new levels. The 2100 upside Top Level near the weekly, daily and 240 min, is the bull target to break and close above and it appears to be quite the wall to get too.
On the SnapShot 30 min chart, we see the large move from the overnight sell-off. This caused about a 7pt gap of low volume from 2085-2092. So we will see if we can break through our buy zone and if the price will easily trade up through that level.
we had some fundamental news released this morning that you can read up and review on the economic calendar on dt pro.
Bloomberg: Five Things You Need to Know to Start Your Day
Click Below Images for larger new Window
Market Action Scanner: S&P
30 Min SnapShot Chart: Showing Levels
Economic Calendar: Video on how to access on dt pro: https://vimeo.com/160017837
Market Action Scanner
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Risk Disclosure
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