In Asia, Japan +0.7%. Hong Kong +2.2%. China +2.1%. India +0.1%.
In Europe, at midday, London +0.9%. Paris +0.9%. Frankfurt +1%.
Futures at 6:20, Dow +0.9%. S&P +0.9%. Nasdaq +1%. Crude +1.2% to $55.45. Gold -0.9% to $1510.20. Bitcoin +3.3% to $10693.
Ten-year Treasury Yield +7 bps to 1.61%
(Source: Seeking Alpha) https://seekingalpha.com/
Economic Calendar https://www.investing.com/economic-calendar/
Today is Cycle Day 3 …Price has fulfilled and exceeded this cycle’s upside objectives. It is currently trading above CD3 Penetration Levels further extending recent gains. Next upside objective measures 2930, followed by 2945.
CD3 Range High = 2930 CD3 Range Low = 2886 CD3 Range Avg = 37.25
Scenario 1: IF Bulls hold bid above 2895, THEN initial upside targets 2930 – 2945 zone.
Scenario 2: IF Bears hold offer below 2895, THEN initial downside targets 2885 – 2878 zone.
Range Projections and Key Levels (ES) September (U) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3…Price has fulfilled and exceeded this cycle’s upside objectives. It is currently trading above CD3 Penetration Levels further extending recent gains. Next upside objective measures 7720 – 7740 zone.
CD3 Range High = 7749 CD3 Range Low = 7656 CD3 Range Avg = 133.00
Scenario 1: IF Bulls hold bid above 7610, THEN initial upside potential targets 7675 – 7680 zone.
Scenario 2: IF Bears hold offer below 7610, THEN initial downside targets 7596 – 7580 zone.
Range Projections and Key Levels (NQ) September (U) Contract
HOD ATR Range Projection: 7779.00; LOD ATR Range Projection: 7548.00; Cycle Day 1 Low: 7388.00; 3 Day Central Pivot: 7548.00; 3 Day Cycle Target: 7545.00; 10 Day Average True Range: 163.00; VIX: 17.74
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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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