In Europe, at midday, London +0.9%. Paris +0.2%. Frankfurt +0.5%.
Futures at 6:20, Dow +0.2%. S&P +0.1%. Nasdaq +0.1%. Crude -1.1% to $65.01. Gold -0.4% to $1297.90. Bitcoin flat at $6766.
Ten-year Treasury Yield +3 bps to 2.96%
Today is Cycle Day 2 (CD2)…Price is holding bid above prior close (2782.75) in overnight trade. Upside target 2790 – 93 zone.
Market Bias: Bullish
CD2 Range High = 2800.00 CD2 Range Low = 2763.50 CD2 Range Avg = 22.75
Scenario 1: IF price holds above 2782.75, THEN upside targets 2790 – 93 zone.
Scenario 2: IF price violates and converts 2782.75 to lower resistance, THEN downside targets 2772 – 2770 zone.
Range Projections and Key Levels (ES) September (U) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…Price is holding bid above prior close (7175.00) in overnight trade. Upside target 7203 – 7213 zone.
Market Bias: Bullish
CD2 Range High = 7202.50 CD2 Range Low = 7133.50 CD2 Range Avg = 51.00
Scenario 1: IF price holds above 7175.00, THEN upside targets 7203 – 7213 zone.
Scenario 2: IF price violates and converts 7175.00 to lower resistance, THEN downside targets 7133 – 7113 zone.
Range Projections and Key Levels (NQ) September (U) 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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