In Asia, Japan closed. Hong Kong -0.4%. China +1.5%. India closed.
In Europe, at midday, London -0.3%. Paris -0.3%. Frankfurt -0.1%.
Futures at 6:20, Dow -0.5%. S&P -0.5%. Nasdaq -0.5%. Crude -1.4% to $53.76. Gold +0.3% to $1513.70. Bitcoin +1.2% to $11371.
Ten-year Treasury Yield -4 bps to 1.69%
Source: Seeking Alpha https://seekingalpha.com/
Economic Calendar: https://www.investing.com/economic-calendar/
2:00 PMTreasury Budget
***New: PTG Trading Room Chat Log’s Link
Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2902 (FULFILLED). Average Range for CD1 is 32.50 handles. Odds of decline > 10 handles = 73% Odds of decline > 20 = 43%
CD1 Range High = 2926.00 CD1 Range Low = 2898.00 CD1 Range Avg = 32.50
Scenario 1: IF Bulls hold bid above 2907, THEN initial upside targets 2917 – 2925 zone.
Scenario 2: IF Bears hold offer below 2907, THEN initial downside targets 2898 – 2893 zone.
Range Projections and Key Levels (ES) September 2019 (U) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7600 (FULFILLED). Average Range for CD1 is 117.00 handles. Odds of decline > 20 handles = 74% Odds of decline > 25 = 66%
CD1 Range High =7702.00 CD1 Range Low = 7592.00 CD1 Range Avg = 117.00
Scenario 1: IF Bulls hold bid above 7653, THEN initial upside targets 7670 – 7690 zone.
Scenario 2: IF Bears hold offer below 7653, THEN initial downside targets 7600 – 7592 zone.
Range Projections and Key Levels (NQ) September 2019 (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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