In Europe, at midday, London +0.4%. Paris flat. Frankfurt +0.3%.
Futures at 6:20, Dow +0.4%. S&P +0.2%. Nasdaq +0.1%. Crude -0.4% to $65.24. Gold -0.2% to $1299.10. Bitcoin -0.1% to $7608.
Ten-year Treasury Yield +3 bps to 2.95%
Today is Cycle Day 2 (CD2)…Price is continuing its upward trajectory closing in on upper target zone 2763 – 2767.
Market Bias: Bullish
CD2 Range High = 2773 CD2 Range Low = 2735 CD2 Range Avg = 22.75
Scenario 1: IF price clears and converts 2753.25, THEN upside targets 2763 – 67 zone.
Scenario 2: IF price violates and converts 2749.25, THEN downside targets 2742 – 2739 zone.
Range Projections and Key Levels (ES)
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…Price is continuing its upward trajectory closing in on upper target zone 7190 – 7207..
Market Bias: Bullish
CD2 Range High = 7228 CD2 Range Low = 7152 CD2 Range Avg = 51.00
Scenario 1: IF price clears and converts 7187.50, THEN upside targets 7200 – 7207 zone.
Scenario 2: IF price violates and converts 7174.25, THEN downside targets 7152 – 7138 zone.
Range Projections and Key Levels (NQ)
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.
Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.
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CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN