Trade Strategy 07.31.15

Economy

Today’s economic calendar:
8:30 Employment Cost Index
9:45 Chicago PMI
10:00 Reuters/U-of-M Consumer Sentiment

Trading

S&P 500 capped this Cycle’s Rally in fitting style by achieving the Average Cycle Rally Target (2106.75) outlined in prior Daily Trade Strategy Report 07.30.15. Any further upside advancement will be “icing on this cycle’s cake”. On the flip side, having reached target, traders may decide to take a break from aggressive buying, allowing price to begin decline (read pullback), to consolidate recent gains.

Today is Cycle Day 3 (CD3)…As stated, Cycle Targets have been achieved, so the decline may begin any time. Unless price can convert 2103.50 KEY SPOT, odds favor decline in price…Conversion of 2103.50 SPOT targets 2108….2112…2115 handles.

Odds of 3D Rally > 10 = 82%; Odds of Rally > 20 = 54% (achieved); Average Range = 17.75; Max Average Range = 21.50; Possible HOD = 2112.00 based upon penetration of CD2 high; Possible LOD = 2086.25 based upon average range on CD3.

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

Click Here

Today’s Hypotheses: September (U) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price clears and converts 2103.50, THEN upside initially projects 2108.00, followed by layered levels 2110.50, 2112, 2114, 2115.75.

Scenario 2: Failure to convert 2103.50 KEY SPOT suggests buyers have been satisfied opening the door for decline (pullback)…Lower levels to be mindful of for renewed buy response are: 2098.00 Central Pivot, 2096.00 – 2094, followed by 2091.50 Three Day Central Pivot.

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

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

Trade Strategy 07.30.15

Economy

U.S. economic growth likely rebounded in the second quarter as healthy consumer spending and residential investment offset the drag from trade and the energy sector. Experts estimate that after a contraction in the first three months of the year, the economy grew at an annual rate of 2.9% last quarter. The Commerce Department will publish the initial GDP figure at 8:30 a.m. ET

The decision to keep rates near zero for at least a few more weeks was unanimous in the FOMC’s statement yesterday. Policymakers continued to see an improving economy and labor situation, but questions remain as to when the first rate hike will occur. Will it finally happen at a September meeting, later this year or in 2016?

Trading

S&P e-mini continued its rally in prior session extending upwards to exceed penetration target, courtesy of the Fed’s unanimous decision to keep rates near zero for at least a few more weeks.

Today is Cycle Day 2 (CD2)…Bullish momentum remains intact, though a decline to absorb recent gains can unfold if no further upside progress…Overnight trade has price trading quietly within narrow range with no additional upside expansion.

Odds of Rally > 10 = 83%; Odds of Rally > 20 = 45% Average Range = 14.50; Max Average Range = 21.50; Possible HOD = 2106.75 Average Cycle Rally Target; Possible LOD = 2082.75 Max Avg Range.

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

Click Here

Today’s Hypotheses: September (U) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price can clear and convert PH (2104.25), THEN upside targets 2106 – 2108.75 zone…Above this zone measures KEY SPOTS 2112.00…2115 handles.

Scenario 2: Failure to convert PH (2104.25) and subsequent violation of 2093 handle raises odds (66%) of decline initially targeting 2088 – 2086 zone…Below this zone measures 2081.25 – 2079.00 3 Day Central Pivot Zone.

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

Trade Strategy 07.29.15

Economy

All eyes on Wall Street will be on the Federal Reserve’s policy statement today, as investors comb through clues to determine when a rate liftoff will begin and how aggressive the tightening cycle will be. Although the announcement is expected to point to a growing U.S. economy and stronger job market, a slew of fresh employment, inflation and GDP reports are still on the schedule before the Fed’s highly anticipated September meeting. Today’s statement will take place at 2:00 p.m. ET.

Trading

Early bullish gap faded quickly yesterday as sellers took advantage of higher prices, only to see price fade back down to fill gap. Bulls were only too eager to buy up all contracts and absorb the selling. Once the last seller had sold, buyers aggressively bid price higher throughout the session ultimately reaching CD3 Penetration Target 2088.50.

In overnight trade price has extended slightly beyond PH (2089.00) closing on on Cycle Target 2093.50. Bulls have regained the “Ball” regardless of “Deflategate”…Hard or Soft…Bulls have control heading into FED DAY.

Today begins new Cycle Day 1 (CD1)…Odds of Decline > 10 = 72%; Odds of Decline > 20 = 41%; Average Range = 18.75, Max Average Range = 22.00; Possible HOD = 2099.25 based upon penetration of CD3 high; Possible LOD = 2079.25 based upon average range on CD1; Average Cycle Decline Target 2066.00.

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

Click Here

Today’s Hypotheses: September (U) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price holds above PH (2089.00), THEN initial upside projects 2093.50 (prior cycle target) up to 2096.75 STATX Zone…Penetration and HOD Target marked at 2099.25.

Scenario 2: Failure to hold bid above PH (2089.00) and subsequent violation of ONL (2084.50) sets stage for pullback in price to consolidate yesterday’s gains. Key support zone marked between 2079.75 – 2075.50. Average Cycle Decline Target = 2066.00.

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

Trade Strategy 07.28.15

Economy

The Federal Reserve begins a two-day policy meeting later in the day, as officials from the central bank continue their long, slow march toward raising interest rates. Investors are not expecting any major decisions this week, but they will be looking for hints on the Fed’s timing for possible future movements. While consensus for a rate rise is leaning towards September, a growing number of market watchers are suggesting two rate increases may be in the cards this year. U.S. futures: Dow +0.5%. S&P +0.6%. Nasdaq +0.5%

Trading

Price continued their slide yesterday reaching CD2 Violation Target 2058.5 before stabilizing, potentially securing this cycle’s low. In overnight trade S&P e-mini (ES) has bounced back approximately 10 handles off low to 2076.50. The objective today for the bulls is to continue this rally and recapture 2079.75 CD1 Low which would qualify as positive 3 Day Cycle. Formidable resistance between 2082 – 86 is also an important hurdle to overcome…Average Cycle Target measures 2093.50.

Today is Cycle Day 3 (CD3)…Average Range = 17.75; Max Average Range = 21.50; Possible HOD = 2093.50; Possible LOD = 2045.25.

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

Click Here

Today’s Hypotheses: September (U) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: Price has rallied approximately 10 handles of prior low (2056.50) and is currently above Central Pivot Zone (2065.75 – 2068.75). IF price can maintain bid above this zone and subsequently clear and convert CD1 Low (2079.75), THEN upside objective is 2083.00 – 2086.00 3D CPZ. Further price strength beyond this zone measures 2088.50 – 2093.50.

Scenario 2: Failure to clear and convert PH (2080.75) suggests buyers are worn down…Subsequent violation of 2068.75 – 2065.75 zone potentially forces additional selling targeting PL (2056.50)…Should this level break, downside target measures 2052.50 followed by deep extreme 2045.25 CD3 Violation Target.

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

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

 

Trade Strategy 07.27.15

Economy

Chinese stocks fell sharply today, leading the Shanghai Composite to record its largest one-day drop since June 2007, while bringing down European shares and U.S. futures. Weak manufacturing data revealed that profit at the country’s industrial firms dropped 0.3% in June from a year earlier, the National Bureau of Statistics said. Chinese investors seem to have also gotten back on the bear train after classifying the government’s unprecedented intervention as unsustainable. Shanghai -8.5%.

Trading

Price decline on Friday exceeded our most pessimistic projection (2081) by at least 12 handles, as Risk Off was market’s intent and there was no hiding. To keep this price action in proper perspective, price remains range bound within larger weekly pattern. Though this current downturn can feel and appear ominous, it’s part of bigger consolidation pattern and normal.

Overnight trade price continues to trade below CD1 Low (2069.75) and is currently within STATX Zone between 2067.25 – 2063.00. CD2 Violation Target for today is 2058.75. Price will need to recover 2069.75 and Clear & Convert 2081.00 chance for rally.

Today is Cycle Day 2 (CD2)…Odds of Rally > 10 = 83%; Odds of Rally > 20 = 45%; Average Range = 14.50; Max Average Range = 22.50; Possible HOD = 2084.25 based upon average rally; Possible LOD = 2058.75 based upon violation of CD1 low.

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

Click Here

Today’s Hypotheses: September (U) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price can recover PL (2069.75) and hold, THEN initial target is 2081.50, followed by 2084.25 – 2087.00 Central Pivot Zone. Strength above this zone targets 2091.50 Average Cycle Rally Target.

Scenario 2: Overnight trade currently gas price below PL (2069.75)…Failure to recover above this level keeps the downtrend solidly intact, targeting expansion levels 2065.00 – 2063.00 STATX Zone, with deep extreme CD2 Violation Target 2058.75.

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

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

Trade Strategy 07.24.15

Global Markets

Gold continued its slide on Friday, on course for its biggest weekly loss in nine months, as a breach of key support levels pushed more sellers to cut their exposure. Spot gold fell as much as 1.2% to $1,077 an ounce, bringing its losses this week to more than 4%. Copper is also feeling the burn amid a rout in commodities and mining stocks. The red metal extended its slide to the lowest price since 2009, heading for a 4.6% drop this week.

Trading

Violation of the Three Day Pivot Zone  (2112 – 2115) on Tuesday was the first “tell” of further weakness to come…Failure to convert this key zone on test back up setup continued decline yesterday as we outlined in Scenario 2 in DTS Report 07.23.15. Here is excerpt: “Failure to convert 2112 SPOT and subsequent violation of 2108 opens door for retest of CD1 Low (2102.25). Violation of the level expands downside targets 2095.50 – 2092.25 STATX Zone with CD3 Violation Target 2090 handle. Possible LOD = 2090.50″.

The actual LOD was 2091.50, just 4 tics from projection and well within Margin of Error (MOE). In overnight trade price has bounced back a bit to the Daily Pivot 2102.25. This level may illicit some initial resistance for buyers. To change the current downtrend dynamics price must clear and convert two major hurdles…2108.00 SPOT and 2112.00 SPOT. Unless those challenges are met, the downtrend remains in effect.

Today is Cycle Day 1 (CD1)…Odds of Decline > 10 = 72%; Odds of Decline > 20 = 41%; Average Range = 17.75; Max Average Range = 22.00; Possible HOD = 2114.50 based upon Average Cycle Rally; Possible LOD = 2081 based upon Violation of CD3 low on CD1.

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

Click Here

Today’s Hypotheses: September (U) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price can hold above 2098 handle and convert 2102 handle, THEN there is a 55% chance of hitting 2106 – 2108 3D CPZ, which should be some resistance. Should bulls have enough strength to overcome selling resistance, price is open to rally to next key hurdle between 2112 – 2114.

Scenario 2: Price has bounced in overnight trade to Central Pivot (2102.25) initial resistance…Failure to convert this level and subsequent violation of 2098.00 handle opens door to retest 2092 handle and Average Cycle Range Decline Target. Violation of this level targets 2088.50 followed by deep extreme CD1 Violation Target 2081.00.

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

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

Trade Strategy 07.23.15

Economy

Greek Prime Minister Alexis Tsipras seems to have contained a rebellion in his left-wing Syriza party after winning parliamentary approval for a second package of reforms required to start bailout talks with international creditors. The bill covered rules for dealing with failed banks and speeding up the justice system – two more conditions set by the eurozone and IMF to open negotiations on an €86B rescue loan. Euro +0.7% to $1.10.

Trading

Another text book Cycle Day 2 (CD2) unfolded yesterday as price tested and held CD1 low (2102.25) from which to begin current cycle rally. We know based upon historical cycle observations that on CD2 odds (83%) favor 10-handle or greater rally attempt and price did just that from 2102 – 2112 during cash session. In overnight trade price has not made any additional upside progress, so it will be of great importance that bulls are able to clear and convert 2113 – 2115 Three Day Central Pivot Zone in order to expand the rally. Failure to do so increases odds (67%) of a retest of 2102 handle.

Today is Cycle Day 3 (CD3) Odds of 3D Rally > 10 = 82%; Odds of 3D Rally > 20 = 54%: Average Range = 17.75; Max Average Range = 21.50; Possible HOD = 2122.50; Possible LOD = 2090.50

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

Click Here

Today’s Hypotheses: September (U) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: Having rallied off CD1 low in prior session, price will need to hold 2108 SPOT and CONVERT 2112 SPOT for bulls to hold control. IF 2113 – 2115 3D CPZ is converted , THEN odds (82%) favor continued move higher targeting 2118 SPOT then 2122.

Scenario 2: Failure to convert 2112 SPOT and subsequent violation of 2108 opens door for retest of CD1 Low (2102.25). Violation of the level expands downside targets 2095.50 – 2092.25 STATX Zone with CD3 Violation Target 2090 handle.

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

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

Trade Strategy 07.22.15

Economy

Disappointment over U.S. corporate earnings pushed stocks lower on Wednesday, after a whole host of companies’ results fell short of Wall Street’s expectations. Dim outlooks and guidance were seen at Apple (NASDAQ:AAPL), IBM (NYSE:IBM), Microsoft (NASDAQ:MSFT), Yahoo (NASDAQ:YHOO) and United Technologies (NYSE:UTX), while commodity producers deepened declines. U.S. shares closed Tuesday’s session in the red, as the Dow fell 181 points, and the stock market recorded its first broad decline in four days. Futures: Dow -0.4%. S&P -0.4%. Nasdaq -1.1%.

Meanwhile, commodities are taking another beating, as anticipation of a Fed rate hike and the dollar’s strength, as well as soft global growth and a supply glut, weigh on demand for raw materials. Gold fell on Wednesday for a seventh session in eight, reflecting sustained downward pressure on the metal days after its steepest drop in almost two years. Crude futures are also heading south, amid speculation weekly supply data due later in the session will show U.S. inventories rose unexpectedly last week. Gold -0.9% to $1093.70 an ounce; Crude -1.1% to $50.29/bbl.

Trading

Tuesday’s trading session was an absolutely text book Cycle Day 1 (CD1) as price declined to reach Violation Target outlined in prior DTS Report 07.21.15. Projected HOD was 2126.00…actual was 2125.00…Projected LOD was 2106.75…actual was 2108…Both within the margin of error (MOE).

Today is Cycle Day 2 (CD2)…Most of the expected decline is currently in place, though residual momentum may take price lower before the next rally begins…Average Cycle Decline Target measures 2103.75.

Odds of Rally > 10 = 83%; Odds of Rally > 20 = 45%;, Average Range = 14.50, Max Average Range = 22.50; Possible HOD = 2118.00; Possible LOD = 2097.00.

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

Click Here

Today’s Hypotheses: September (U) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels

Scenario 1: If price clears and converts PL (2108.00), THEN initial upside projects 2113.00 Central Pivot…Above this level targets 2116.00 – 2118 3D CPZ. Average Range Projects 2122.50 for upper target.

Scenario 2: Price closed weak within prior days range, so residual momentum may take price lower to probe for a “secure low” from which to stage next cycle rally. Average Cycle Range Decline Target is 2103.75…Failure of buy response in sufficient size to absorb selling may push price lower to 2097.00 CD2 Violation Target.

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

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

Trade Strategy 07.21.15

Economy

Gold and other precious metals continued to trade close to their lowest level in five years today amid rising expectations for a U.S. interest rate increase that has boosted the dollar. The strong currency makes raw materials less affordable to overseas investors, while higher interest rates tend to draw money into yield-bearing assets and away from commodities. Bullion for immediate delivery is now down 0.1% at $1105.40, but dipped below the psychological mark of $1,100 an ounce in early Asia hours. 

Trading

Despite some signs of price action getting tired, trend remains solidly in place as naysayers keep looking for shorting opportunities. It would take a decisive and sustained violation of 2112 level to change the underlying uptrend dynamics. Though volumes and range are both narrowing, that is not enough evidence of an impending reversal and sell down in prices. Mid-Summer slowdown is always expected as money managers and traders take vacation time with families…This only adds to the contraction in range and volume.

Today is Cycle Day 1 (CD1)…Normally we would be expecting some sort of decline beginning for the new cycle…Bullish trend strength and direction is squarely dominant, so any decline may be relatively shallow…Key Support Zone is between 2118.25 – 2116.25 Three Day Central Pivot Zone.

Odds of decline > 10 = 72%; Odds of Decline > 20 = 41%; Average Range = 18.75; max average range = 22.00; Possible HOD = 2126.00; Possible LOD = 2106.75 average decline on CD1.

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

Click Here

Today’s Hypotheses: September (U) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels

Scenario 1: Current bullish trend remains intact and pullbacks are anticipated to be relatively shallow…IF price holds above 2120 handle, expectation will be for retest of PH (2126.25)…IF cleared and converted initial extension targets 2126.75 – 2127.75 STATX Zone. Above this zone is very little resistance and upside measured move targets 2134.75.

Scenario 2: Price will need to violate 2120 handle for first sign of weakness…Conversion of this level targets 2118.25 – 2116.25 3D CPZ Key Support Zone. Violation of the zone targets 2112.00 – 2110.00.

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

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

Trade Strategy 07.20.15

Economy

Slowly bringing its debt crisis to a close, Greece has initiated the process for a total payment of €6.25B to the ECB and IMF, and will repay a €500M loan to its central bank. As Athens blew past multiple political and financial supposed end-dates over the past five months, July 20 always remained a make-or-break moment, as EU law would then ban the ECB from financing the government. Greek banks also reopened their doors this morning (following PM Alexis Tsipras’ weekend cabinet reshuffle), although extensive capital controls will still remain in place.

Trading

The S&P has closed higher for seven consecutive sessions and prices closed near the daily highs on the last six. There is one notable feature about Friday’s range: it’s the narrowest of the year and volume was the lowest in the last seventeen session. Welcome to Mid-Summer trade…

Today is Cycle Day 3 (CD3)…There still remains room to rally higher to achieve Average Cycle Target 2125.75…The narrowing of the range and decline in volume suggest the immediate uptrend is at least tiring…THIN TO WIN!

Odds of 3D Rally > 10 = 82%; Odds of 3D Rally > 20 = 54%; Average Range = 17.75; Max Average Range = 21.50; Possible HOD = 2128.00 based upon penetration of CD2 high; Possible LOD = 2102.25 based upon average range on CD3

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

Click Here

Today’s Hypotheses: September (U) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price clears and converts PH (2120.00), THEN initial target is 2122.50 followed by extension to 2125.75 average cycle target…Above this level measures 2128.25 – 2129.25 STATX Zone.

Scenario 2: Violation of ONL (2117.75) initially targets 2112 (Key Marker)…Subsequent violation and conversion of this level opens door to deeper corrective downside price movement targeting 2109.50 – 2108.25, followed by 2105.75 – 2103.25. Violation Target measures 2101.45.

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

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee