In Asia, Japan -0.3%. Hong Kong -2.6%. China -1.8%. India +0.1%.
In Europe, at midday, London -1.3%. Paris -0.2%. Frankfurt -0.6%.
Futures at 6:20, Dow -0.4%. S&P -0.5%. Nasdaq -0.5%. Crude -1.5% to $56.36. Gold +0.2% to $1466.40. Bitcoin -1.7% to $8685.
Ten-year Treasury Yield +2 bps to 1.95%
(Source: Seeking Alpha) https://seekingalpha.com/
No event scheduled
Bond market closed
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Today is Cycle Day 3 …Price is above this Cycle’s CD1 Low fulfilling Positive 3 Day Cycle Statistic. Bulls continue to dominate the “field-of-play” though prices have pulled back modestly from All-Time-High. Main trade theme continues to be Long-Side on pullbacks to key support levels. “Always have a proper entry trigger and risk management plan.”
As PTG Trade Strategy states: 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.
CD3 Range High = 3108.00 CD3 Range Low = 3061.00 CD3 Range Avg = 31.00
Scenario 1: IF Bulls hold bid above 3080, THEN initial upside targets 3090 – 3096 zone.
Scenario 2: IF Bears hold offer below 3080, THEN initial downside targets 3070 – 3066 zone.
Range Projections and Key Levels (ES) December (Z) Contract
HOD ATR Range Projection: 3097.00; LOD ATR Range Projection: 3072.00; Cycle Day 1 Low: 3070.25; 3 Day Central Pivot: 3080.00; 3 Day Cycle Target: 3118.50; 10 Day Average True Range 20.00; VIX: 13.31
Nasdaq 100 (NQ)
Today is Cycle Day 3…Price is above this Cycle’s CD1 Low fulfilling Positive 3 Day Cycle Statistic. Bulls continue to dominate the “field-of-play” and as trend direction traders, continue to lean to the long-side at key levels.
CD3 Range High = 8323.00 CD3 Range Low = 8150.00 CD3 Range Avg = 111.00
Scenario 1: IF Bulls hold bid above 8222, THEN initial upside potential targets 8244 – 8260 zone.
Scenario 2: IF Bears hold offer below 8222, THEN initial downside targets 8190 – 8180 zone.
Range Projections and Key Levels (NQ) December (Z) Contract
HOD ATR Range Projection: 8285.00; LOD ATR Range Projection: 8190.00; Cycle Day 1 Low: 8190.00; 3 Day Central Pivot: 8224.00; 3 Day Cycle Target: 8346.50; 10 Day Average True Range: 72.00; VIX: 13.31
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