U.S. stock index futures are pointing to gains at the start of the week, with DJIA futures ahead by 112 points and the S&P 500 and Nasdaq up 0.4%. Depicting a bright spot in the American economy, consumer spending is basking in the limelight with Thanksgiving weekend shopping estimated near $30B.
In Asia, Japan +1%. Hong Kong +0.4%. China +0.1%. India flat.
In Europe, at midday, London +0.4%. Paris +0.4%. Frankfurt +0.7%.
Futures at 6:20, Dow +0.4%. S&P +0.4%. Nasdaq +0.4%. Crude +2.5% to $56.53. Gold -0.7% to $1462.30. Bitcoin +0.1% to $7337.
Ten-year Treasury Yield +7 bps to 1.85%
(Source: Seeking Alpha) https://seekingalpha.com/
Today is Cycle Day 3 …Price is above this Cycle’s CD1 Low fulfilling Positive 3 Day Cycle Statistic and has fulfilled 3 Day Cycle Objectives. Main trade theme continues to be Long-Side on pullbacks to key support levels. “Always have a proper entry trigger and risk management plan.”
As PTG Trade Strategy states: 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.
CD3 Range High = 3168.00 CD3 Range Low = 3134.00 CD3 Range Avg = 26.00
Scenario 1: IF Bulls hold bid above 3148, THEN initial upside targets 3153 – 3156 zone.
Scenario 2: IF Bears hold offer below 3148, THEN initial downside targets 3141 – 3139 zone.
Range Projections and Key Levels (ES) December (Z) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3…Price is above this Cycle’s CD1 Low fulfilling Positive 3 Day Cycle Statistic and 3 Day Cycle Objective. Bulls continue to dominate the “field-of-play” and as trend direction traders, continue to lean to the long-side at key levels.
CD3 Range High = 8475.00 CD3 Range Low = 8398.00 CD3 Range Avg = 96.00
Scenario 1: IF Bulls hold bid above 8423, THEN initial upside potential targets 8438 – 8450 zone.
Scenario 2: IF Bears hold offer below 8423, THEN initial downside targets 8414 – 8405 zone.
Range Projections and Key Levels (NQ) December (Z) Contract
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
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