In Asia, Japan +1.6%. Hong Kong +0.3%. China +0.7%. India +0.5%.
In Europe, at midday, London +0.1%. Paris +0.6%. Frankfurt +1.1%.
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.3%. Crude -0.6% to $62.91. Gold -0.1% to $1567.90. Bitcoin +4.4% to $7868.
(Source: Seeking Alpha) https://seekingalpha.com/
IF momentum remains, price will need to Clear and Convert prior high to maintain momentum…If this scenario occurs, then further upside targets measure up to 3260.
FAILURE to carry higher with a Violation of 3242 Line In Sand (LIS), then expectation would be for deeper decline. Initial downside targets would be 3235, then 3230
Given that 3 Day Cycle Objective have been fulfilled, long-side will need to “prove-itself” worthy of further commitment.
As PTG Trade Strategy states: 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.
CD3 Range High = 3264.00 CD3 Range Low = 3230.00 CD3 Range Avg = 23.00
Scenario 1: IF Bulls hold bid above 3242, THEN initial upside targets 3250 – 3260 zone.
Scenario 2: IF Bears hold offer below 3242, THEN initial downside targets 3235 – 3230 zone.
Range Projections and Key Levels (ES) March 2020 (H) Contract
HOD ATR Range Projection: 3266.00; LOD ATR Range Projection: 3229.00.00; Cycle Day 1 Low: 3206.75; 3 Day Central Pivot: 3240.00; 3 Day Cycle Target: 3243.50; 10 Day Average True Range 25.00; VIX: 14.00
Nasdaq 100 (NQ)
Today is Cycle Day 3…Price has fulfilled 3 Day Cycle Objective (8867) with action consolidating recent gains during overnight trade. Conversion of 8882 handle opens door for further upside. Violation and conversion of 8852 suggests a deeper decline potential unfolding.
CD3 Range High = 8906.00 CD3 Range Low = 8813.00 CD3 Range Avg = 82.00
Scenario 1: IF Bulls hold bid above 8867, THEN initial upside potential targets 8882 – 8896 zone.
Scenario 2: IF Bears hold offer below 8867, THEN initial downside targets 8852 – 8835 zone.
Range Projections and Key Levels (NQ) March 2020 (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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