In Europe, at midday, London +0.2%. Paris -0.1%. Frankfurt -0.1%.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude +0.5% to $57.48. Gold +0.1% to $1266.40. Bitcoin -4.0% to $18196.
Ten-year Treasury Yield Flat at 2.39%
S&P 500 (ES)
Today is Cycle Day 1 (CD1)…Normal is for some magnitude decline with average measuring 2682.25. Any decline may prove to be relatively shallow as bulls have full ball control ahead of quiet holiday trading. Volumes are expected to be below average, so be careful not to over-trade. Average Range for CD1 = 16.20
Nasdaq 100 (NQ)
NAZ continues to notch high highs and higher lows with no sign yet of weakness. Conversion below 6225 would be first sign of weakness, otherwise buy the dip remains in-effect. Average Decline for CD1 measures 6493.25. Average Range for CD1 = 48.53
Range Projections and Key Levels (ES)
**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.
Today’s Hypotheses: March 2018 (ESH) Contract
*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.
Scenario 1: IF price clears and converts PH (2698) to support, THEN upside targets 2701.25 followed by 2704.50 – 2705.50 zone.
Scenario 2: IF price violates and converts PL (2691.50) to resistance, THEN downside targets 2688.25, followed by 2684.50 – 2682.00 zone.
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.
Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.
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