Looking for a catalyst after a muted session on Thursday, U.S. stock index futures advanced 1% overnight after hugging the flatline for most of the session.
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Prior Session was Cycle Day 2 (CD2): Normal CD2 unfolded as price consolidated within range with contract rollover and option premiums were “sucked-out” of expiring contracts today.
…Transition from Cycle Day 2 to Cycle Day 3
1.) Price sustains a bid rallying above PH (3120) initially targeting 3128 – 3135 D-Level Money Box Zone.
2.) Price sustains an offer below VWAP (3100) initially targeting 3095 – 3090 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Statistic covering 12 years of recorded tracking history.
PVA High Edge = 3107 PVA Low Edge = 3090 Prior POC = 3100
Range Projections and Key Levels (ES) September 2020 (U) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD3)…Price is rallying above prior high pre-RTH following prior session consolidation period as options expire today.
PVA High Edge = 9988 PVA Low Edge = 9950 Prior POC = 9970
Bull Scenario: IF Bulls hold bid above 10029, THEN initial upside estimate targets 10051 – 10073 D-Level Money Box Zone.
Bear Scenario: IF Bears hold offer below 10029, THEN initial downside estimate targets 9990 – 9970 mean reversion.
Range Projections and Key Levels (NQ) September 2020 (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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