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 5/3/16 11:39 am central:
The negative levels were the right side this morning as we moved lower and put in new lows @ 2048.00 just above the weekly POC @ 2046 and the recent lows tested last week. At this point, it appears that they held, but we could definitely see those tested again this afternoon.
On the 30 Min SnapShot chart, we just got updated breakout levels. Below you will see those highlighted. The bulls have been unable to break the 2055 level on 3 tests in the past hour and a half so if tested again we could see some shorts squeezed out and the 2057 buy zone push us back into the 2065 high-value zone.
30 min SnapShot Chart ES – Click for larger new window
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