In Asia, Japan -0.8%. Hong Kong -0.3%. China +0.1%. India -0.4%.
In Europe, at midday, London +1.1%. Paris +0.3%. Frankfurt +0.9%.
Futures at 6:20, Dow +0.4%. S&P +0.4%. Nasdaq +0.4%. Crude +0.2% to $56.53. Gold -1.1% to $1499. Bitcoin -5% to $7999.
Ten-year Treasury Yield +4 bps to 1.72%
Source: Seeking Alpha https://seekingalpha.com
Today is Cycle Day 2 (CD2)…Price has extended prior session’s rally to fulfill minimum Cycle Average Rally to 2992.75. Expectation today will be for bulls to maintain ball control with some back n fill trade to consolidate and balance recent price/volume ranges. Key Line-In-Sand (LIS) is 2975 handle.
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CD2 Range High = 2996.00 CD2 Range Low = 2968.00 CD2 Range Avg = 44.00
Scenario 1: IF Bulls hold bid above 2984, THEN initial upside potential targets 2992 – 2995 zone.
Scenario 2: IF Bears hold offer below 2984, THEN initial downside objective targets 2975 – 2968 zone.
Range Projections and Key Levels (ES) December 2019 (Z) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…Price has extended prior session’s rally to fulfill minimum Cycle Average Rally to 7806.00. Expectation today will be for bulls to maintain ball control with some back n fill trade to consolidate and balance recent price/volume ranges. Key Line-In-Sand (LIS) is 7750 handle.
CD2 Range High = 7813.00 CD2 Range Low = 7762.00 CD2 Range Avg = 150.00
Scenario 1: IF Bulls hold bid above 7790, THEN initial upside potential targets 7806 – 7813 zone.
Scenario 2: IF Bears hold offer below 7790, THEN initial downside objective targets 7772 – 7762 zone.
Range Projections and Key Levels (NQ) December 2019 (Z) 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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