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Prior Session was Cycle Day 1 (CD1): Normal Cycle Day 1 as price declined to establish a low at 3850. Prior range was 51 handles on 1.431M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2 (CD2): Prior session’s decline has spilled-over during the GLOBEX Session fulfilling the Lower Penetration Zone between 3832 – 3822 for this Cycle Day. The recent rally enthusiasm has apparently waned as traders are eyeing this week’s CPI release due out Wednesday. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 3830, initially targets 3845 – 3850 zone.
Bear Scenario: Price sustains an offer below 3830, initially targets 3825 – 3820 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
PVA High Edge = 3868 PVA Low Edge = 3852 Prior POC = 3858
Range Projections and Key Levels (ES) Sept 2022 (U) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…Normal CD1 unfolded during prior session with a decline which has spilled over during GLOBEX Session. Price will need to recover CD1 Low (11853) to stabilize activity, which would be CD2 “normal”. As such, there are two estimated scenarios to consider for today’s trading.
Bull Scenario: IF Bulls sustain a bid above 11853, THEN initial upside estimate targets 11915 – 11925 zone.
Bear Scenario: IF Bears sustain an offer below 11853, THEN initial downside estimate targets 11803– 11770 zone.
PVA High Edge = 11964 PVA Low Edge = 11863 Prior POC = 11913
Range Projections and Key Levels (NQ) Sept 2022 (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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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