In Asia, Japan -0.56%. Hong Kong +0.53%. China -0.92%. India -0.38%.
In Europe, at midday, London -0.19%. Paris +0.02%. Frankfurt +0.01%.
Futures at 6:20, Dow +0.33%. S&P +0.35%. Nasdaq +0.51%. Crude -0.97% to $55.37. Gold -0.85% to $1,493.60. Bitcoin -2.1% to $7,956.
Ten-year Treasury Yield +2.6 bps to 1.699%.
(Source: Seeking Alpha) https://seekingalpha.com/
Today is Cycle Day 3 …Kicking off Monday with a Positive 3 Day Cycle Statistic as price is trading above CD1 Low (2964.25) Price is also trading near 5-day POC and within Value so as such, there is plenty of room to trade both north or south today. Let Mr. Market show the direction.
CD3 Range High = 2989.50 CD3 Range Low = 2956.00 CD3 Range Avg = 38.00
Scenario 1: IF Bulls hold bid above 2972, THEN initial upside targets 2982 – 2988 zone.
Scenario 2: IF Bears hold offer below 2972, THEN initial downside targets 2955 – 2943 zone.
Range Projections and Key Levels (ES) December (Z) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3…Kicking off Monday with a Positive 3 Day Cycle Statistic as price is trading above CD1 Low (7734.75) Price is also trading within Value so as such, there is plenty of room to trade both north or south today. Let Mr. Market show the direction.
CD3 Range High = 7765.00 CD3 Range Low = 7700.00 CD3 Range Avg = 139.00
Scenario 1: IF Bulls hold bid above 7735, THEN initial upside potential targets 7760 – 7786 zone..
Scenario 2: IF Bears hold offer below 7735, THEN initial downside targets 7700 – 7671 zone..
Range Projections and Key Levels (NQ) September (U) Contract
HOD ATR Range Projection: 7728.50; LOD ATR Range Projection: 7636.50; Cycle Day 1 Low: 7734.75; 3 Day Central Pivot: 7764.00; 3 Day Cycle Target: 7806.00; 10 Day Average True Range: 122.60; VIX: 17.00
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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