In Asia, Japan +0.3%. Hong Kong -0.7%. China -0.5%. India -0.8%.
In Europe, at midday, London -0.2%. Paris -0.1%. Frankfurt -0.1%.
Futures at 6:20, Dow -0.1%. S&P -0.2%. Nasdaq -0.2%. Crude -1.8% to $56.10. Gold -0.1% to $1464.50. Bitcoin -1.7% to $9034.
Ten-year Treasury Yield flat at 1.92%
Source: Seeking Alpha https://seekingalpha.com
11:45Fed’s Daly Speech
1:00 PMBaker-Hughes Rig Count
***PTG Trading Room Chat Log’s Link
Today is Cycle Day 2 (CD2)…Price opened gap higher right into CD1 Penetration Zone which typically acts as resistance when fulfilled early in trade session. Afternoon decline (pullback from AM High) has found responsive buyers at 3 Day Central Pivot (3077.50) during overnight trade. Key Support is now marked at 3070…Cycle Day 1 Low.
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*****The 3 Day Cycle Spreadsheet which subscribers receive shortly after market close for next trading session contains all the projected range targets. Here is link to web page to learn more: https://polaristradinggroup.com/ptg-3-day-cycle/
CD2 Range High = 3116.00 CD2 Range Low = 3051.00 CD2 Range Avg = 39.00
Scenario 1: IF Bulls hold bid above 3078, THEN initial upside potential targets 3088 – 3094 zone.
Scenario 2: IF Bears hold offer below 3078, THEN initial downside objective targets 3070 – 3065 zone.
Range Projections and Key Levels (ES) December 2019 (Z) Contract
HOD ATR Range Projection: 3097.00; LOD ATR Range Projection: 3070.00; 3 Day Central Pivot: 3077.50; 3 Day Cycle Target: 3112.00; 10 Day Average True Range 20.31: VIX: 13.00
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…NQ has pulled back from prior highs and holding bid above 8190 Cycle Day 1 Low which is now marked as “key support”.
CD2 Range High = 8330.00 CD2 Range Low = 8115.00 CD2 Range Avg = 134.00
Scenario 1: IF Bulls hold bid above 8216, THEN initial upside potential targets 8250 – 8268 zone.
Scenario 2: IF Bears hold offer below 8216, THEN initial downside objective targets 8190 – 8176 zone.
Range Projections and Key Levels (NQ) December 2019 (Z) Contract
HOD ATR Range Projection: 8268.00; LOD ATR Range Projection: 8176.00; 3 Day Central Pivot: 8216.00; 3 Day Cycle Target: 8329.00; 10 Day Average True Range: 71.68; VIX: 13.00
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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