In Europe, at midday, London flat. Paris +0.4%. Frankfurt +0.7%.
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq flat. Crude +0.4% to $67.36. Gold +0.1% to $1343.60. Bitcoin +1.9% to $8067.
Ten-year Treasury Yield flat at 2.83%
Today is Cycle Day 3 (CD3)…Minimum cycle targets have been fulfilled as rally remains intact setting price up for potential higher weekly close. Prior Weekly High (2672.25). CD3 Range Target = 2674.50.
Scenario 1: IF price clears and converts PH (2675), THEN expansion targets 2687.50, followed by 2700 – 2708 zone.
Scenario 2: IF price violates and converts 2665, THEN downside measures 2650 – 45 zone.
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD3)…Minimum cycle targets have been fulfilled as rally remains intact setting price up for potential higher weekly close. Prior Weekly High (6654.50). CD3 Range Target = 6695.75.
Scenario 1: IF price clears and converts PH (6693.75), THEN expansion targets 6730 – 6770 zone.
Scenario 2: IF price violates and converts 6645.50, THEN downside measures 6632 – 6622 zone.
Range Projections and Key Levels (NQ)
HOD ATR Range Projection: 6796.00; LOD ATR Range Projection: 6532.00; Cycle Day 1 Low: 6550.75; 3 Day Central Pivot: 6612.75; 3 Day Cycle Target: 6767.00; 10 Day Average True Range: 150.50; VIX: 18.07
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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