Markets
Economic Calendar
S&P 500
Prior Session was Cycle Day 2: Price extended this cycle’s rally by fulfilling 5627.50 primary 3 Day Cycle Target and backing n filling in Normal CD2 fashion between our 5615 (LIS) and 5635 – 40 (initial target zone) outlined in prior DTS Briefing 7.8.24. Range for ES was 26 handles on 911k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Primary Cycle Target (5627.50) has been achieved, though further upside remains open should “da bulls” feel determined. First structural support zone is marked between 5610 – 5615, with Second and more key structural support marked at 5585. We’ll maintain positive bias IF/WHEN/UNTIL lower supports begin to show cracks. Finally, as long as price trades above CD1 Low (5585), Positive 3-Day Cycle will be satisfied.
You Know The Plan! Our discipline of maintaining positioning that is aligned with market forces continues to serve us well, so stay the course.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 5625, initially targets 5635 – 5640 zone.
Bear Scenario: Price sustains an offer below 5625, initially targets 5615 – 5610 zone.
PVA High Edge = 5629 PVA Low Edge = 5619 Prior POC = 5625
PTG 3 Day Cycle
EXCLUSIVE OFFER
*****The 3 Day Cycle has a 90.91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
Link to: Dynamic Range Projections (ES) Sept (U) 2024
ES Chart
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Price extended this cycle’s rally by fulfilling 20670 outlined in prior DTS Briefing 7.8.24. Normal Cycle Day 2 “balancing-day” unfolded beautifully. Range for NQ was 108 handles on 489k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Primary Cycle Target (20508) has been achieved, though further upside remains open should “da bulls” feel determined. First structural support zone is marked at 20579, with Second and more key structural support marked at 20361. We’ll maintain positive bias IF/WHEN/UNTIL lower supports begin to show cracks. Finally, as long as price trades above CD1 Low (20361), Positive 3-Day Cycle will be satisfied.
You Know The Plan! Our discipline of maintaining positioning that is aligned with market forces continues to serve us well, so stay the course.
Bull Scenario: Price sustains a bid above 20670, initially targets 20715 – 20730 zone.
Bear Scenario: Price sustains an offer below 20670, initially targets 20645 – 20625 zone.
PVA High Edge = 20645 PVA Low Edge = 20600 Prior POC = 20635
Link to: Dynamic Range Projections (NQ) Sept (U) 2024
NQ Chart
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.” –BR
*****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.
Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.
This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
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