Stock futures rebounded from early overnight losses of as much as 1.6% after Pres. Trump said Chinese officials had called him to say they want to restart trade talks.
In Asia, Japan -2.17%. Hong Kong -1.91%. China -1.17%. India +2.1%.
In Europe, at midday, London Closed. Paris +0.49%. Frankfurt +0.27%.
Futures at 6:20, Dow +1.1%. S&P +1%. Nasdaq +1.5%. Crude +1.20% to $54.82. Gold flat at to $1,573.30. Bitcoin +2.1% to $10,372.
Ten-year Treasury Yield -7.8 bps to 1.449%.
Source: Seeking Alpha https://seekingalpha.com
Economic Calendar https://www.investing.com/economic-calendar/
Today is Cycle Day 2 (CD2)…Prior Session was a Cycle Day 1 exceeding decline objective and extending past statistical cycle extremes. Overnight trade has price rallying higher fulfilling Cycle Day 2 (today) range target (2883.00).
Expectation is for continued volatility and wide swings, so we will post “High Surf Warning” for today’s action. Stay disciplined and only consider highest quality structural trade formations.
*****The 3 Day Cycle Spreadsheet which subscribers receive shortly after market close for next trading session contains all the projected range targets. Here is link to web page to learn more: http://polaristradinggroup.com/ptg-3-day-cycle/
CD2 Range High = 2886 (2x) CD2 Range Low = 2850 CD2 Range Avg = 38.50
Scenario 1: IF Bulls hold bid above 2868, THEN initial upside potential targets 2880 – 2886 zone.
Scenario 2: IF Bears hold offer below 2868, THEN initial downside objective targets 2858 – 2850 range low zone.
Range Projections and Key Levels (ES) September 2019 (U) Contract
Nasdaq 100 (NQ)
CD2 Range High = 7617 (2x) CD2 Range Low = 7448 CD2 Range Avg = 132.00
Scenario 1: IF Bulls hold bid above 7565, THEN initial upside potential targets 7610 – 7620 Cycle Target Zone.
Scenario 2: IF Bears hold offer below 7565, THEN initial downside objective targets 7470 – 7450 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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