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Home / Futures Blog / MDA SnapShot Levels S&P, 6/9/16

MDA SnapShot Levels S&P, 6/9/16

June 9, 2016 by Andrew Pawielski

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: apawielski@danielstrading.com 

Follow me on twitter @MDA_SnapShot

Published 6/9/16 8:31 am central:

Traders,

Here are today’s levels going into the 6/9/16 open. The roll into September is starting now, but we will be trading June today.

We saw us push higher yesterday and take out the 2118 level that held the session before but was a slow grind and very reluctant. It had a feeling that it was wanting to dip lower but just didn’t quite happen. I think many sellers were getting in the market and when we made that last grind higher it squeezed them out.  In the overnight we saw it push lower back to 2110.  Oil has moved from upper mid $51 levels down to the lower $50 level in the overnight and this morning.

Bulls are still control on the market action scanner longer term but we are seeing the shorter term time frames showing momentum. On the hourly chart we are seeing navigator move negative as well. We are right on the sell zone of the 30 min snapshot chart and the hourly chart is also the sell zone too.  The upside buy level is right at the 200 moving average.  If we do breakout higher we will most likely see us test the high volume area highlighted and potentially grind around there for a bit.  Selling is something that could become a crowded trade and if we do not see a strong move lower we could accumulate weak shorts and potentially pop higher and then make a move lower.

If you are following along and we have never spoken, please make an introduction. In order to make this the best product available I appreciate knowing what the followers are doing.  We can also discuss levels for other markets you follow

 

Click on images to open larger new window for easier reading:

Market Action Scanner: S&P

Source: Market Action Scanner
Source: Market Action Scanner

MDA SnapShot Levels – Quick Grid – ES

Source: MDA
Source: MDA

30 Min SnapShot Chart: Showing Levels 

Source: dt pro
Source: dt pro

Economic Calendar: Video on how to access on dt pro: https://vimeo.com/160017837

Source: dt pro
Source: dt pro
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Risk Disclosure

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.

Filed Under: Market Dimensions Advisory (MDA)

About Andrew Pawielski

Since 2007, Andrew has been a series 3 registered Senior Futures and Options Broker with Daniels Trading. During this decade plus tenure, Andrew has worked with traders in all different strategies, capital sizes and experience levels throughout the world.

Having this professional brokerage experience and being a futures market participant led Andrew to found the educational trading service Market Dimensions Advisory (MDA). MDA showcases Andrew’s expert technical trading analysis using the TAS MarketProfile tools and other highly regarded volume and order-flow based trading indicators. This professional trading service is a compilation of all Andrew’s trading experiences, concepts, methodologies and real-time trading ideas.

It is Andrew’s goal to empower traders, and through his services, move them from fear to familiarity through frequency.

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Risk Disclosure

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.

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