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Monday’s Session was Cycle Day 1 (CD1): Price rallied during the Globex Sunday Evening Session but when RTH began it was nothing but outright selling, pushing price past Statistical Extreme Levels. Range was 120.75 handles on explosive 1.971M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2 (CD2): Cycle Low is in-place (3652.50) as Bulls will need to keep bid above this level to stem any further selling. Normal for CD2 would be for some ‘back n fill’ consolidation action to balance prior session’s decline.There are two estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 3680, initially targets 3706 – 3712 zone.
2.) Price sustains an offer below 3680, initially targets 3665 – 3650 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Statistic covering 12 years of recorded tracking history.
PVA High Edge = 3618 PVA Low Edge = 3652 Prior POC = 3694
Range Projections and Key Levels (ES) March 2021 (H) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…Price has recovered approximately one-third of prior session’s decline during overnight trade. Prior range was 437.25 handles on 644k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 12958 PVA Low Edge = 12658 Prior POC = 12875
Bull Scenario: IF Bulls sustain a bid above 12660, THEN initial upside estimate targets 12725 – 12775 zone.
Bear Scenario: IF Bears sustain an offer below 12660, THEN initial downside estimate targets 12600 – 12560 zone.
Range Projections and Key Levels (NQ) March 2021 (H) Contract
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!
“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.”
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