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Prior Session was Cycle Day 1 (CD1): Shallow decline lead to continuation of rally up to the 4530 handle with narrowing range and volume. Range was 28 handles on 968K contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2 (CD2): Price is pulling back down inside prior session’s range, finding buy response near the 4510 – 4512 zone. Normal for CD2 is for back n fill consolidation to absorb recent rally gains. As such, estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 4512, initially targets 4525 – 4530 zone.
2.) Price sustains an offer below 4512, initially targets 4505 – 4500 zone.
*****The 3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
PVA High Edge = 4531 PVA Low Edge = 4520 Prior POC = 4525
Range Projections and Key Levels (ES) December 2021 (Z) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…Price is consolidating within prior 2 -day value area as normal activity for Cycle Day 2. Prior range was 127 handles on 445k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 15428 PVA Low Edge = 15374 Prior POC = 15404
Bull Scenario: IF Bulls sustain a bid above 15318, THEN initial upside estimate targets 15356 – 15374 zone.
Bear Scenario: IF Bears sustain an offer below 15318, THEN initial downside estimate targets 15298 – 15268 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