A short while ago our systems have just entered short term sell signals on the Dow Jones 10320, GBP/USD 14785 and Euro 12297.
Members have received emails and updates on all the action so far. At the open of activities on Sunday Globex action members were informed how prices could continue moving higher in this way in which we stated that TMS would stand aside during the Asian and European session. The U.S. session has begun and the prices have aligned nicely with our sell areas for the short term system sell signal triggers.
We would now expect a pullback to materialise soon but we would allow for price action to unfold for the next few days, as prices can reach higher elevated overextended levels in which case the TMS system may trigger another sell signal should prices move higher and if the criterion is met.
Currently the markets have halted at near entry levels in which recognition of overextended prices on LIGHT VOLUME is taking place. Either markets will simply correct from here or they will grind higher to produce more euphoria about a breakout of short term activities in which talks of back to the highs will start to surface. We don't expect markets to breakout before a pullback is achieved.
Of course our members are kept posted with any technical developments on price action, as it occurs.
The above signals don't need to pull through as this is the work for Monday in which the whole week is left to play, although we would expect them to!! Last week however we made over 600 points on short term signals and these signals were only triggered from last Wednesday onwards!
I am Ajit Singh, the writer of this article who started work with the financial markets from a very young age of 17 and this is our website: www.tradingmarketsignals.com - 'TMS'.
If you like what you read and would like to gain insight on position trading style signals on five major markets. Or perhaps you want to add clarity to your short term trading with our signals which are fired via email and soon possibly by a live chat room platform, then this would be the best time to join us with our annual membership offer that unfortunately expires on TODAY 14th June 2010, in line with the U.S. stock market close on Monday.
http://tradingmarketsignals.com/#/flash-crash-price/4540799314
Until next time, remember:
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