In Europe, at midday, London -1.8%. Paris -2.4%. Frankfurt -1.3%.
Futures at 6:20, Dow -2%. S&P -2%. Nasdaq -2.6%. Crude -1.8% to $44.61. Gold +0.7% to $1290.50. Bitcoin +2.7% to $3807.
Ten-year Treasury Yield -3 bps to 2.66%
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Today is Cycle Day 3 (CD3)…Overnight trade had price initially start with an up move, only to reverse, pushing down to 2451…ATR (10) Range Projection. Price is currently below both Daily and 3 Day Pivot Zones, so bulls have their work cut-out to begin the new year.
CD3 Range High = 2509.50 CD3 Range Low = 2464.00 CD3 Range Avg = 57.00
Scenario 1: IF price holds bid above 2486, THEN potential upside targets 2498 – 2501.50 zone.
Scenario 2: IF price holds offer below 2486, THEN downside potential targets 2455 – 2451 range low.
Range Projections and Key Levels (ES) March (H) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 …Overnight trade had price initially start with an up move, only to reverse, pushing down to 6179.50…ATR (10) Range Projection. Price is currently below both Daily and 3 Day Pivot Zones, so bulls have their work cut-out to begin the new year.
CD3 Range High = 6346.50 CD3 Range Low = 6194.00 CD3 Range Avg = 192.00
Scenario 1: IF price can regain CD1 Low (6243.75), THEN upside potential targets 6294.50 – 6307 3D CPZ.
Scenario 2: IF price holds offer below CD1 Low (6243.75), THEN downside potential targets 6193 – 6179.50 range low.
Range Projections and Key Levels (NQ) March (H) Contract
HOD ATR Range Projection: 6360.50; LOD ATR Range Projection: 6179.50; Cycle Day 1 Low: 6243.75; 3 Day Central Pivot: 6294.50; 3 Day Cycle Target: 6434.00; 10 Day Average True Range: 207.00; VIX: 27.50
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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