In Asia, Japan -0.1%. Hong Kong -0.5%. China +1.2%. India -0.9%.
In Europe, at midday, London +0.6%. Paris +0.5%. Frankfurt +1%.
Futures at 6:20, Dow +0.5%. S&P +0.6%. Nasdaq +0.9%. Crude +0.3% to $63.38. Gold -0.2% to $1275.40. Bitcoin +0.8% to $7978.
Ten-year Treasury Yield flat at 2.41%
Today is Cycle Day 2 (CD2)…Price is continuing its rally which began from the Cycle Day 1 Low (2832.50). Currently, the minimum average rally is in-place at 2860.50. Further upside cycle targets measure 2866 and 2870.
CD2 Range High = 2874.50 CD2 Range Low = 2835.00 CD2 Range Avg = 28.00
Scenario 1: IF Bulls hold bid above 2848, THEN initial upside potential targets 2860.50 – 2865.00 zone.
Scenario 2: IF Bears hold offer below 2848, THEN initial downside objective targets 2839 – 2835 Low Range Zone with potential for retest of 2832.50 CD1 Low.
Range Projections and Key Levels (ES) June 2019 (M) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…Price is continuing its rally which began from the Cycle Day 1 Low (7361.50). Currently, the minimum average rally is in-place at 7430.00. Further upside cycle targets measure 7478 and 7485.
CD2 Range High = 7498.50 CD2 Range Low = 7410.50 CD2 Range Avg = 97.75
Scenario 1: IF Bulls hold bid above 7407, THEN initial upside potential targets 7458 – 7468 LVN zone.
Scenario 2: IF Bears hold offer below 7407, THEN initial downside objective targets 7370 – 7361.50 CD1 Low Range Projection.
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.”
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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