In Europe, at midday, London -0.4%. Paris -0.2%. Frankfurt +0.2%.
Futures at 6:20, Dow +0.3%. S&P +0.3%. Nasdaq +0.3%. Crude -4.1% to $47.84. Gold +0.1% to $1253.20. Bitcoin +7.1% to $3461.
Ten-year Treasury Yield -3 bps to 2.82%
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Today is Cycle Day 3 (CD3)…Price has rallied off the deep extremes in prior session and holding bid within Daily Pivot Zone (2552.75 – 2575.25). Expectation for today will be for back n fill consolidation to stabilize and absorb any additional reappearance of sellers. Marking 2550 – 2575 as initial price edges.
CD3 Range High = 2575.00 CD3 Range Low = 2545.50 CD3 Range Avg = 47.00
Scenario 1: IF price holds bid above 2569, THEN upside targets 2575.25, followed by 2585 – 2590 zone.
Scenario 2: IF price holds offer below 2569, THEN downside targets 2545, followed by 2535 – 2530 zone.
Range Projections and Key Levels (ES) March (H) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 …Price has rallied off the deep extremes in prior session and holding bid within Daily Pivot Zone (6508.75 – 6539.75). Expectation for today will be for back n fill consolidation to stabilize and absorb any additional reappearance of sellers. Marking 6470 – 6550 as initial price edges.
CD3 Range High = 6540.50 CD3 Range Low = 6474.00 CD3 Range Avg = 165.00
Scenario 1: IF price holds bid above 6525, THEN upside targets 6540.50, followed by 6560 – 6570 zone.
Scenario 2: IF price holds offer below 6525, THEN downside targets 6485 – 6475 zone
Range Projections and Key Levels (NQ) March (H) Contract
HOD ATR Range Projection: 6664.00; LOD ATR Range Projection: 6350.50; Cycle Day 1 Low: 6607.25; 3 Day Central Pivot: 6662.00; 3 Day Cycle Target: 6672.00; 10 Day Average True Range: 177.00; VIX: 24.00
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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