In Europe, at midday, London +1.6%. Paris +2.4%. Frankfurt +1.5%.
Futures at 6:20, Dow +0.5%. S&P +0.6%. Nasdaq +1%. Crude +0.3% to $66.39. Gold -0.5% to $1219.10. Bitcoin -0.1% to $6279.
Ten-year Treasury Yield +3 bps to 3.14%
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Today is Cycle Day 2 (CD2)…Price is extending yesterday and overnight gains reaching Cycle Day 2 upper Penetration STATX Zone (2697.50 – 2706.25). Bulls have regained ball-control and will need to keep price above 2675 over-under for foreseeable future.
CD2 Range High = 2715.00 CD2 Range Low = 2673.50 CD2 Range Avg = 33.00
Scenario 1: IF price clears and converts PH (2690.25), THEN initial upside targets 2700 – 2706 STATX Zone. CD2 Range High measures 2715 extension.
Scenario 2: IF price violates and converts PH (2690.25), THEN downside targets 2683.50 – 2680 zone.
Range Projections and Key Levels (ES) December (Z) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…Price is extending yesterday and overnight gains reaching Cycle Day 2 upper Penetration STATX Zone (6879.00 – 6901.00). Bulls have regained ball-control and will need to keep price above 6800 over-under for foreseeable future.
CD2 Range High = 6947.00 CD2 Range Low = 6774.00 CD2 Range Avg = 130.50
Scenario 1: IF price clears and converts PH (6849.25), THEN initial upside targets (6879 – 6901) STATX Zone. CD2 Range High measures 6947.00 extension.
Scenario 2: IF price violates and converts PH (6849.25), THEN downside targets 6814 – 6800 3 Day Central Pivot Zone.
Range Projections and Key Levels (NQ) December (Z) Contract
HOD ATR Range Projection: 7057.00; LOD ATR Range Projection: 6664.00; Cycle Day 1 Low: 6661.00; 3 Day Central Pivot: 6805.00; 3 Day Cycle Target: 6947.00; 10 Day Average True Range: 240.00; VIX: 22.36
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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