In Europe, at midday, London -0.3%. Paris +0.3%. Frankfurt +0.4%.
Futures at 6:20, Dow +0.6%. S&P +0.5%. Nasdaq +0.7%. Crude -0.9% to $71.14. Gold +0.2% to $1233. Bitcoin +0.1% to $6517.
Ten-year Treasury Yield flat at 3.17%
Today is Cycle Day 3 (CD3)…Price continues to consolidate and “coil” as ranges are narrowing, which typically portends a directional breakout. Key levels to watch are 2740 – 2790.
CD3 Range High = 2770.00 CD3 Range Low = 2740.00 CD3 Range Avg = 25.00
Scenario 1: IF price holds bid above 2760, THEN upside targets 2770 up through 2790 range high projection.
Scenario 2: IF price holds offer below 2760, THEN downside targets 2740 – 2730 Cycle Day 1 Low.
Range Projections and Key Levels (ES) December (Z) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 …Price continues to consolidate and “coil” as ranges are narrowing, which typically portends a directional breakout. Key levels to watch are 7060 – 7160 (100 handle range)
CD3 Range High = 7414.00 CD3 Range Low = 6956.00 CD3 Range Avg = 52.50
Scenario 1: IF price holds bid above 7100, THEN upside targets 7161 – 7179 STATX Zone.
Scenario 2: IF price holds offer below 7100, THEN downside targets 7044 – 7030 STATX Zone.
Range Projections and Key Levels (NQ) December (Z) Contract
HOD ATR Range Projection: 7228.50; LOD ATR Range Projection: 6967.50; Cycle Day 1 Low: 7035.00; 3 Day Central Pivot: 7091.00; 3 Day Cycle Target: 7142.00; 10 Day Average True Range: 165.00; VIX: 20.00
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.”
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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