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7:00 MBA Mortgage Applications
9:00 FHFA House Price Index
9:45 PMI Composite Flash
10:00 Fed’s Bostic Speech
10:00 New Home Sales
10:30 EIA Petroleum Inventories
11:30 Fed’s Bullard: U.S. Economic and Monetary Policy
11:30 Results of $19B, 2-Year FRN Auction
12:30 PM Fed’s Mester Speech
1:00 PM Results of $39B, 5-Year Note Auction
2:00 PM Fed’s Beige Book
2:00 PM Fed’s Bostic Speech

PTG Trading Room Chat Log’s Link Click this link to view:

S&P 500

Today is Cycle Day 3 (CD3)…Price is holding prior session’s breakpoint (2720) during overnight trade with potential to recover CD1 Low (2749.75). 

CD3 Range High = 2746.50          CD3 Range Low = 2722.50          CD3 Range Avg = 27.50 

Scenario 1: IF price holds bid above 2732, THEN upside targets 2746 – 2750 zone.

Scenario 2: IF price holds offer below 2732, THEN downside targets 2722 – 2720 zone.

Range Projections and Key Levels (ES) December (Z) Contract

HOD  ATR Range Projection: 2766.00; LOD ATR Range Projection: 2703.50; Cycle Day 1 Low: 2749.75; 3 Day Central Pivot: 2757.50; 3 Day Cycle Target: 2776.00; 10 Day Average True Range 47.00; VIX: 21.00

Nasdaq 100 (NQ)

Today is Cycle Day 3 …Price is holding prior session’s break-point (7060) during overnight trade with potential to reach 7172 CD3 Penetration Level. Price is already above CD1 Low (7057) fulfilling Positive 3 Day Cycle.

CD3 Range High = 7155.25         CD3 Range Low = 7072.00          CD3 Range Avg = 103.00

Scenario 1: IF price holds bid above 7083, THEN upside targets 7155 – 7172 zone.

Scenario 2: IF price holds offer below 7083, THEN downside targets retest of 7057.00 CD1 Low.

Range Projections and Key Levels (NQ) December (Z) Contract

HOD  ATR Range Projection: 7221.75; LOD ATR Range Projection: 7006.00; Cycle Day 1 Low: 7057.00; 3 Day Central Pivot: 7124.00; 3 Day Cycle Target: 7172.50; 10 Day Average True Range: 169.00; VIX: 21.00

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“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.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

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