Stock index futures are inching up, with contracts linked to the Dow, S&P 500 and Nasdaq ahead by 0.74%, before Week 2 of earnings season kicks into high gear. Investors will be particularly parsing reports this week, as results from the banks and financials only provided metrics on spending and lending in the economy. As other factors continue to bite businesses and consumers alike, it will be crucial to see how supply chain disruptions, inflation, higher energy costs and labor shortages affected the biggest U.S. corporations in Q3.
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Prior Session was Cycle Day 2 (CD2): Mutual Fund Monday kicked into gear as indexes continued the current rally to cycle targets. Range was 43 handles on 1.037M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): Cycle targets have been exceeded as this rally continues to power higher, fulfilling 4500 upper range objective. As such, estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 4500, initially targets 4510 – 4520 zone.
2.) Price sustains an offer below 4500, initially targets 4490 – 4485 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
PVA High Edge = 4480 PVA Low Edge = 4457 Prior POC = 4473
Range Projections and Key Levels (ES) December 2021 (Z) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD3)…Price is extending prior session’s uptrend rally surpassing cycle objectives. Prior range was 259 handles on 419k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 15210 PVA Low Edge = 15043 Prior POC = 15147
Bull Scenario: IF Bulls sustain a bid above 15330, THEN initial upside estimate targets 15368 – 15405 zone.
Bear Scenario: IF Bears sustain an offer below 15330, THEN initial downside estimate targets 15310 – 15290 zone.
Range Projections and Key Levels (NQ) December 2021 (Z) 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.”
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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CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN