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2:30 PM Fed’s Daly Speech

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2752.00. Average Range for CD1 is 33.00 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

CD1 Range High = 2797.00       CD1 Range Low = 2772.00         CD1 Range Avg = 33.00 

Scenario 1: IF price holds bid above 2782 – 84 zone, THEN upside initially targets 2792 – 2794 3 Day Central Pivot Zone. Conversion of this zone to upper support targets expansion measuring 2798 – 2800 average 3D Rally.

Scenario 2: IF price holds offer below 2782 – 84 zone, THEN initial downside targets 2774 – 2772 zone. Conversion of this zone to lower resistance targets expansion measuring 2768 – 2764 zone.

Range Projections and Key Levels (ES) December (Z) Contract

HOD  ATR Range Projection: 2717.00; LOD ATR Range Projection: 2751.50; 3 Day Central Pivot: 2795.00; 3 Day Cycle Target: 2800.00; 10 Day Average True Range 43.50; VIX: 17.86

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7003.00. Average Range for CD1 is 128.00 handles. Odds of decline > 20 handles = 73% Odds of decline > 25 = 64%

CD1 Range High = 7140.50          CD1 Range Low = 6975.75          CD1 Range Avg = 128.00

Scenario 1: IF price holds bid above 7051 – 61 zone, THEN upside initially targets 7078 – 7090 zone. Conversion of this zone to upper support targets expansion measuring 7119 – 7128 3 Day Central Pivot Zone.

Scenario 2: IF price holds offer below 7051 – 61 zone, THEN downside initially targets 7020 – 7012 zone. Conversion of this zone to lower resistance targets expansion measuring 6989 – 6975 zone.

Range Projections and Key Levels (NQ) December (Z) Contract

HOD  ATR Range Projection: 7148.00; LOD ATR Range Projection: 6945.50; 3 Day Central Pivot: 6977.50; 3 Day Cycle Target: 7104.50; 10 Day Average True Range: 176.50; VIX: 17.38

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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