In Europe, at midday, London -0.4%. Paris -0.5%. Frankfurt -0.3%.
Futures at 6:20, Dow -0.4%. S&P -0.4%. Nasdaq -0.5%. Crude -1.6% to $52.82. Gold +0.2% to $1300.20. Bitcoin -3.6% to $3409.
Ten-year Treasury Yield flat at 2.76%
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Today is Cycle Day 3 (CD3)…3-Day Cycle objectives have been fulfilled in prior session and as such opens door for at least a pullback in price to renew buying interest with uptrend intact. In overnight trade price has pulled back into Daily Pivot Zone between 2657.50 – 2653.50.
CD3 Range High = 2671.00 CD3 Range Low = 2640.00 CD3 Range Avg = 23.50
Scenario 1: IF price holds bid above 2650, THEN initial upside potential targets 2660 – 70 zone.
Scenario 2: IF price holds offer below 2650, THEN initial downside targets 2645 – 2640 3 Day Central Pivot Zone.
Range Projections and Key Levels (ES) March (H) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 …3-Day Cycle objectives have been fulfilled in prior session and as such opens door for at least a pullback in price to renew buying interest with uptrend intact. In overnight trade price has pulled back into Daily Pivot Zone between 6760.75 – 6743.75.
CD3 Range High = 6799.00 CD3 Range Low = 6735.00 CD3 Range Avg = 56.00
Scenario 1: IF price holds bid above 6750, THEN initial upside potential targets 6799 – 6810.50 CD3 Penetration Range Zone.
Scenario 2: IF price holds offer below 6750, THEN initial downside targets 6727.50 – 6715.50 CD3 Violation Range Zone.
Range Projections and Key Levels (NQ) March (H) Contract
HOD ATR Range Projection: 6848.00; LOD ATR Range Projection: 6686.00; Cycle Day 1 Low: 6660.75; 3 Day Central Pivot: 6703.00; 3 Day Cycle Target: 6727.00; 10 Day Average True Range: 105.00; VIX: 18.70
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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