Economic Calendar 

1:00 PM Results of $24B, 3-Year Note Auction

PTG Trading

***NOTE: Contract Rollover to Dec (Z). 

Indexes consolidated sideways throughout the prior week and has jumped the creek higher in overnight trade to reach 2474 3 Day Cycle  Rally Target.

Today is Cycle Day 2 (CD2)…Price is higher in overnight trade above prior week’s range high. Bulls have an opening to push even higher to reestablish the uptrend targeting 2480 handle.

STAY NIMBLE and ALWAYS USE PROTECTIVE STOPS.

Range Projections and Key Levels

HOD  ATR Range Projection: 2480.90; LOD ATR Range Projection: 2460.85; Cycle Day 1 Low: 2455.25; 3 Day Central Pivot: 2461.50; 3 Day Cycle Target: 2474.13; 10 Day Average True Range: 14.15; VIX: 11.24

**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Today’s Hypotheses: September 2017 (U) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1:  IF price clears and converts 2468.00, THE initial upside targets 2474.00 3 Day Cycle target, followed by 2477.50. Range High measures 2480.90.

Scenario 2:  IF price violates and converts 2468 to lower resistance, THEN this will mark an initial sign of weakness targeting 2460 – 58 zone. Further violation of 2455 handle would open door to additional decline to 2452 handle.

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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