Proven Day Trading Signals from Viditrade - 07-02-2015

Proper context can start the day with a solid win and make all the difference.

CHARTROOM LINK(s)
o Win XP-Friendly entry
o non-xp friendly (ilinc)
(pre-open Market Tour begins at 8:55 ET)

Through the prior close...
Gapping up to the 2074.00 area in reaction to favorable Greece news managed to hold up through the open. The balance of the session, not so much. The open''s session-long rally setup became inverted. The inversion was confirmed by falling to 2060.00 through the afternoon''s bias environment. But the last hour rallied anyway back up to 2070.00.

Overnight action''s new info...
Initially firming up to 2072.00 soon began reacting down to test 2068.00. Recovering back up to 2072.00 into Europe''s opens extended higher to 2076.25. Now a test of 2072.00 as support is reacting up, as the rally tries to extend.

If, then...
Sentiment isn''t extremely optimistic overnight, but it''s certainly not pessimistic. And yesterday''s final hour rally was pretty optimistic already. Even yesterday''s intraday slide developed entirely in positive territory. The three-day weekend''s fast-approaching illiquidity may be responsible for limiting counter-trend sponsorship sustaining. But look out below if this morning''s Employment Situation report disappoints. And look out below if a favorable reaction to the report were to hold a test of Monday morning''s high. The most bullish intraday setup may be for a steep reaction down were to greet the open at or above yesterday''s low, instead of gapping under it. With liquidity quickly evaporating into the afternoon, it will be difficult generating sponsorship to break free from the range if not already done through the open

First Trade...
Preliminary signals are not considered before Employment Situation reports.

Pre-open surge retraces entirely.

The reaction to this morning''s Employment Situation report touched the 2079.00 bias-up target. While we were conducting the pre-market Tour, that reaction melted away entirely back under 2073.00. Bouncing into the open only touched 2077.00 before reversing down to a fresh low at 2071.00.

That''s still positive territory -- or, at least, unchanged vs. yesterday''s futures close that had extended a couple of points above the cash session close.

Meanwhile, a blip-up barely managed to touch the 2074.00 bias-up signal within 3 minutes of the 10:15 signal. Although still not recovered, that invoked the grace period.

Still not recovering 2074.00 through 10:30 would trigger late no-bias, putting into play an offsetting test of the 2062.25 bias-down signal, with some interim support likely around 2069.00. Recovering 2074.00 through 10:30 would target a retest of the 2079.00 pre-open high -- and probably drift above it as afternoon volume shrinks.

THU afternoon signal (triggered at 1:20 ET) SPX ES Bias-up: above 2077.25
2069.00
...would target 2082.00
2074.00
Bias-down: under 2070.25
2062.25
...would target 2065.00
2056.75
Signal status: waiting for trigger FAQ INTRO VIDEOS #1 and #2 1. At 1:20, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target.
2. Not triggering either bias signal at 1:20 would be "no-bias," and the bias signals should define the bias environment''s range.
-- A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias.
3. Touching the bias signal within 3 minutes either way of 1:20 would invoke a grace period through 1:30 to trigger a late signal.
-- "Late" signals don''t require testing the opposite bias signal, but it''s still likely.
4. Still testing the bias signal at 1:30 after invoking the grace period would trigger "noN-bias," with no bias influence.

A daily summary of high-profile members of several complexes... View a more detailed discussion of each chart at the end of today''s Market Wrap.

Eurodollar Sep Contract (EC, ETF: (FXE, UUP))
The 1.1110 bounce limit held Thursday, so reversing the trend up would now require closing above 1.1155. Otherwise, 1.0910 down to 1.0855 is in-play.

Gold Aug Contract (GC, ETF: (GLD))
Thursday''s s Employment Situation report was greeted already testing the longstanding 1158.50 target. A blip down to 1156.00 reacted up sharply to 1168.00 before ranging sideways into the close. There is no buy signal, and at least a retest of 1158.50 is likely, regardless of the resolution.

Silver Sep Contract (SI, ETF: (SLV))
Fresh lows were avoided during the past week fresh -- or, at least confirming a break lower -- while gold met its target. None of which is a buy signal, but makes the pattern vulnerable to leveraging buying pressure.

30-year Treasury Sep Contract (US, ETF: (TLT))
Thursday morning''s reaction the Employment Situation report blipped down to touch 147-26. That''s a 61.8{faed0d6dca04cec8b6b7985efddb9b0651107a3aebb05f69f0166038b8c951f6} proxy retracement of last Friday''s range, whose gap back to its 147-16 should still be filled.

Crude Oil Aug Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Bouncing Thursday off of 56.85 -- support that had held Wednesday''s low -- bounced to 57.75 resistance. Resistance held, and its reaction down attacked 56.85. Closing above Thursday''s 57.95 high would end the decline and above 58.35 would reverse the trend up. The drop''s momentum otherwise remains intact.

Natural Gas Aug Contract (NG, ETF: (UNG, UNL))
Gapping up to 2.83 Thursday extended sharply higher to 2.89, filling the week-old gap back up to 2.86. Neutralizing its attraction above enabled a dip back to 2.83 as support. Closing above 2.83 requires extending higher aggressively without delay, to prove that filling the gap back up to 2.86 didn''t neutralize all remaining upside attractions.