Today is Cycle Day 2 (CD2) Odds of Rally > 10 = 83%; Odds of Rally > 20 = 44%; Odds of Decline > 10 = 83%; Odds of Decline > 20 = 47%; Possible High = 1898.25 based upon penetrating and converting CD1 high; Possible Low = 1866.50 based upon average decline on CD2.
***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences
Today’s Trade Hypotheses:
Scenario 2: Failure to convert PDH (1891.75), THEN odds favor decline to CPZ (1872.26 – 1874.25). Key retracement pivot is 1870 handle…Violation of this level targets 1866.50. Below this level measures down to the 3D CPZ (1858.00 – 1854.00)…TargetMaster Range Breakdown Level is 1848.50. Any violation of this level extends downward to 1837.75 – 1832.00 Xtreme zone.
Trade Strategy: Price has bounced nicely from the 10% correction low, but has now reached a level where potential renewed sellers may reenter the market if buying pressure subsides. Key Marker to be mindful of is 1892 handle for Bull/Bear Line in Sand. With intra-day volatility on the rise with swings of increased magnitude in either direction, our main trade strategy will be to remain open and flexible to two-side trade, both long/short from key Decision Point Pivots (DPP). As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.
Stay Focused…Non-Biased…Disciplined ALWAYS USE STOPS!
I think in terms of probabilities. I do not know, all I have are probabilities. Probabilities are at the core of my decisions. Through consistent application of the probabilities, I will win.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS