U.S. stock index futures are deciding on direction to start the week, with the Dow down 0.1%, the Nasdaq up 0.1% and S&P 500 flat. Significant catalysts in the days ahead? There’s a slew of central bank gatherings, including monetary policy decisions from the Bank of England and Federal Reserve. The Fed is expected to lower its interest rate forecasts – or “dot plots” – to show little or no further tightening in 2019.
In Asia, Japan +0.6%. Hong Kong +1.4%. China +2.5%. India +0.2%.
In Europe, at midday, London +0.6%. Paris flat. Frankfurt -0.2%.
Futures at 6:20, Dow -0.1%. S&P flat. Nasdaq +0.1%. Crude -0.1% to $58.46. Gold +0.2% to $1305.40. Bitcoin -0.5% to $3945.
Ten-year Treasury Yield flat at 2.59%
Source: Seeking Alpha
Today is Cycle Day 2 (CD2)…Price continues its bullish trek with strong uptrend firmly intact. It would take a shift below 2800 to affect the current higher trajectory.
CD2 Range High = 2848.00 CD2 Range Low = 2812.50 CD2 Range Avg = 24.00
Scenario 1: IF Bulls hold bid above 2836.50, THEN initial upside potential targets 2840.25 – 2845.50 3 Day Cycle Penetration Zone.
Scenario 2: IF Bears hold offer below 2824.00 zone, THEN initial downside objective targets 2817.75 – 2812.50 3 Day Central Pivot / CD2 Low Zone.
Range Projections and Key Levels (ES) June 2019 (M) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…Price continues its bullish trek with strong uptrend firmly intact. It would take a shift below 7260 to affect the current higher trajectory.
CD2 Range High = 7385.00 CD2 Range Low = 7302.00 CD2 Range Avg = 56.50
Scenario 1: IF Bulls hold bid above 7261.00, THEN initial upside potential targets 7383.00 – 7385.00 CD2 Penetration Range Zone.
Scenario 2: IF Bears hold offer below 7328.50, THEN initial downside objective targets 7302 – 7292 3 Day Central Pivot Zone.
Range Projections and Key Levels (NQ) June 2019 (M) 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.”
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