8:30 Non-farm payrolls
12:45 PM Fed’s Williams Speech
1:00 PM Baker-Hughes Rig Count
8:00 PM Fed’s Kaplan speech
8:00 PM Fed’s Bostic speech
8:00 PM Fed’s George speech

S&P 500

Today is Cycle Day 3 (CD2)…Secure low was found at extreme Standard Deviation Level (2694) at which time this cycle’s rally began in earnest. Simply a textbook Cycle Day 2 (CD2).

Price is currently trading within 3 Day Central Pivot Zone (2632 – 2635). Bulls will need to convert 2635 handle to support for rally to continue higher. Bear need repellent with a violation of 2620 handle.

Average Range on CD3 = 50.58

Scenario 1: IF price clears and converts 2636, THEN upside measures 2645 – 2650 zone.

Scenario 2: IF price violates and converts 2620, THEN downside measures 2612 – 2608 zone.

HOD  ATR Range Projection: 2657.50; LOD ATR Range Projection: 2600.00; Cycle Day 1 Low: 2625.75; 3 Day Central Pivot: 2633.75; 3 Day Cycle Target: 2650.00; 10 Day Average True Range 34.89; VIX: 15.96

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD2)…Secure low was found at extreme Standard Deviation Level (6560) at which time this cycle’s rally began in earnest. Simply a textbook Cycle Day 2 (CD2).

Price is currently trading within 3 Day Central Pivot Zone (6647.25 – 6662.75). Bulls will need to convert 6673 handle to support for rally to continue higher. Bear need repellent with a violation of 6622 handle.

Average Range on CD3 = 159.13

Scenario 1: IF price clears and converts 6673, THEN upside measures 6710 – 6725 zone.

Scenario 2: IF price violates and converts 6622, THEN downside measures 6610 – 6600 zone.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 6756.25; LOD ATR Range Projection: 6549.25; Cycle Day 1 Low: 6625.25; 3 Day Central Pivot: 6655.00; 3 Day Cycle Target: 6686.50; 10 Day Average True Range: 123.73; VIX: 15.96

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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