In Europe, at midday, London +0.1%. Paris flat. Frankfurt-0.2 %.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude +0.6% to $63.95. Gold -0.1% to $1318.70 Bitcoin -9.8% to $13432.
Ten-year Treasury Yield flat at 2.54%
8:30Initial Jobless Claims
8:30Producer Price Index
9:45Bloomberg Consumer Comfort Index
10:30EIA Natural Gas Inventory
1:00 PMResults of $12B, 30-Year Note Auction
2:00 PMTreasury Budget
3:30 PMFed’s Dudley: Economic Outlook
4:30 PMMoney Supply
4:30 PMFed Balance Sheet
S&P 500 (ES)
Today is Cycle Day 1 (CD1)…Average decline measures 2736 may have occurred in prior session as yesterday’s sell down found support at 2736.50. Assuming this being the case, then upside rally initially measures 2759.00, followed by 2765…2769.82.
Range Projections and Key Levels (ES)
Nasdaq 100 (NQ)
Naz found perfect support from 6644 level in prior session which was highlighted in DTS Briefing 1.10.18 stated: “3 Day Central Pivot Zone between 6636 – 6644 is marked as key support zone.” Price is rallying in overnight trade with initial target measuring 6688, followed by 6700…6711.
Range Projections and Key Levels (NQ)
**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.
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.”
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.
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CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN