In Europe, at midday, London +0.7%. Paris +0.2%. Frankfurt +0.4%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq +0.1%. Crude +0.2% to $51.68. Gold +0.2% to $1290.70.
Ten-year Treasury Yield flat at 2.31%
Today is Cycle Day 1 (CD1)…Normal is for some magnitude decline with average measuring 2494 handle, which has been recent support. With price at all-time high, bulls continue to have command control of price action, as any dip gets absorbed.
Anticipated support @ 2500 outlined in prior DTS Briefing 9.28.17 held solid yesterday, so it would take a violation and conversion of this level to so any crack in bullish scenario.
STAY NIMBLE and ALWAYS USE PROTECTIVE STOPS.
Range Projections and Key Levels
**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.
Today’s Hypotheses: December 2017 (Z) 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 (2508.25), THEN expansion targets 2513 – 15 zone.
Scenario 2: IF price violates and converts 2500 to lower resistance, THEN deeper downside correction may unfold targeting 2494 – 92 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!
“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee
*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”
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