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8:55 Redbook Chain Store Sales
9:00 S&P Corelogic Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
3:00 PM Farm Prices

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2678.25. Average Range for CD1 is 27.50 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 42%

CD1 Range High = 2663.50        CD1 Range Low = 2636.75         CD1 Range Avg = 27.50 

Scenario 1: IF price holds bid above 2655, THEN upside targets 2663.25 – 2668.75 3 Day Central Pivot Zone. Price will also need to convert this zone to upper support for further upside measuring 2678.25 – 2684.50 CD1 Penetration Levels.

Scenario 2: IF price holds offer below 2655, THEN downside targets 2636.75 and IF violated and converted to lower resistance, THEN further downside measures 2628 – 2624 zone.

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

HOD  ATR Range Projection: 2704.50; LOD ATR Range Projection: 2596.00; 3 Day Central Pivot: 2666.25; 3 Day Cycle Target: 2663.00; 10 Day Average True Range 69.00; VIX: 24.42

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 6881.00. Average Range for CD1 is 108.00 handles. Odds of decline > 20 handles = 73% Odds of decline > 25 = 64%

CD1 Range High = 6810.00          CD1 Range Low = 6744.00          CD1 Range Avg = 108.00

Scenario 1: IF price holds bid above 6765, THEN upside targets 6810, followed by 6839.25 – 6864.25 3 Day Central Pivot Zone.

Scenario 2: IF price holds offer below 6755, THEN downside targets 6702 – 6688 zone followed by 6660 — 6640 zone.

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

HOD  ATR Range Projection: 6959.50; LOD ATR Range Projection: 6538.50; 3 Day Central Pivot: 6851.75; 3 Day Cycle Target: 6810.00; 10 Day Average True Range: 257.00; VIX: 24.42

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.

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