Trade Strategy 02.20.15

Continued bullish consolidation has now reached day-five, with option holders of 2100 Call Strike expiring worthless, which could open the door to a big “gun n run” of buy-stops above 2100 today, so be on high alert!

Today is Cycle Day 2 (CD2)…Price is holding above “key support” at the 2088 handle with good odds of making highs above 2100. Odds of Rally > 10 = 83%; Odds of Rally > 20 = 45%; Average Range on CD2 = 14.50; Max Average Range = 22.50; Possible High = 2111.25; Possible Low = 2071.75

***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

TMXZ 02.20.15

Today’s Hypotheses:

Scenario 1: IF Price Converts PDH (2099.50), THEN there is a 65% chance of expanding to 2102.25, followed by 2105.50 – 2107.50 zone, with cycle expansion target 2111.25.

Scenario 2: IF price violates and converts 2092 handle, THEN there is a 35% chance of retesting PDL (2087.25). Violation of this level increases odds of deeper move lower targeting 2085 – 2082 zone…Below this zone measures down to 2078.25 – 2074.50 STATX Zone, with Xtreme 2071.75.

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

Habitude Eight
I can recover from any setback. I have an attitude of abundance. I affirm abundance in the universe. I know I cannot begin to count the stars. I realize the ocean doesn’t care whether I go to it with a bucket or a teaspoon. I know the market provides a river of opportunities. I invest in my capabilities. I will be happy with my results.

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