Markets
Source: SeekingAlpha.com
Economic Calendar
No significant events scheduled
Source: SeekingAlpha.com
https://www.investing.com/economic-calendar/
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S&P 500
Prior Session was Cycle Day 3 (CD3): Price weakness from the opening range continued throughout this session, declining to projected CD1 Low (4498), before bouncing and settling mid-value. Range was 114 handles on expanding 2.548M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Today begins a new cycle, with the Average Decline 4498 in-place. We’ll be looking for stabilization with potential for bounce/rally. CD1 range high projection measures 4566 handle. As such, estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 4545, initially targets 4565 – 4575 zone.
2.) Price sustains an offer below 4545, initially targets 4525 – 4515 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
PVA High Edge = 4545 PVA Low Edge = 4497 Prior POC = 4525
Range Projections and Key Levels (ES) December 2021 (Z) Contract
HOD ATR Range Projection: 4619; LOD ATR Range Projection: 4455; 3 Day Central Pivot: 4553; 3 Day Cycle Target: 4566; 10 Day Average True Range; 82; VIX: 30
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1)…Price is currently trading within prior value zone (15793 – 15547) duiring overnight trade activity. Average Decline measures 15825.. Prior range was 584 handles on twice the normal volume 863k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 15794 PVA Low Edge = 15547 Prior POC = 15590
Bull Scenario: IF Bulls sustain a bid above 15680, THEN initial upside estimate targets 15740 – 15765 zone.
Bear Scenario: IF Bears sustain an offer below 15680, THEN initial downside estimate targets 15590– 15565 zone.
Range Projections and Key Levels (NQ) December 2021 (Z) Contract
HOD ATR Range Projection: 16051; LOD ATR Range Projection: 15305; 3 Day Central Pivot: 15926; 3 Day Cycle Target: 15898; 10 Day Average True Range: 363; VIX: 30
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!
Good Trading…David
“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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