In Europe, at midday, London +1.4%. Paris +1.3%. Frankfurt +0.5%.
Futures at 6:20, Dow -0.4%. S&P -0.5%. Nasdaq -0.5%. Crude flat at $51.47. Gold +0.3% to $1247.60. Bitcoin -10% to $3385.
Ten-year Treasury Yield +1 bps to 2.89%
8:30 Non-farm payrolls
10:00 Wholesale Trade
10:00 Consumer Sentiment
10:30 EIA Natural Gas Inventory
12:15 PM Fed’s Reserve Gov. Lael Bralnard Speech
1:00 PM Baker-Hughes Rig Count
3:00 PM Consumer Credit
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Today is Cycle Day 2 (CD2)…Expectation for today is MATD: Market After Trend Day. Price has pulled back from recent high and working on some back n fill action near to 2676 Daily Pivot. Volatility remains elevated, so stay alert to “fast n furious” whipsaws.
CD2 Range High = 2694.00 CD2 Range Low = 2655.00 CD2 Range Avg = 43.00
Scenario 1: IF price holds bid above 2676, THEN upside targets 2694 – 2698 zone, followed by 2706 3 Day Central Pivot.
Scenario 2: IF price holds offer below 2676, THEN downside targets 2667 – 2662 zone. Possible CD2 Range Low measures 2655 handle.
Range Projections and Key Levels (ES) December (Z) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…Expectation for today is MATD: Market After Trend Day. Price has pulled back from recent high and working on some back n fill action near to 6775 Daily Pivot. Volatility remains elevated, so stay alert to “fast n furious” whipsaws.
CD2 Range High = 6818.00 CD2 Range Low = 6698.00 CD2 Range Avg = 158.00
Scenario 1: IF price holds bid above 6775, THEN upside targets 6829 – 6831 zone, followed by 6854.25 – 6875.00 zone.
Scenario 2: IF price holds offer below 6775, THEN downside targets 6742 – 6710 zone.
Range Projections and Key Levels (NQ) December (Z) Contract
HOD ATR Range Projection: 6935.50; LOD ATR Range Projection: 6685.00; Cycle Day 1 Low: 6630.25; 3 Day Central Pivot: 6830.00; 3 Day Cycle Target: 6790.00; 10 Day Average True Range: 171.00; VIX: 22.50
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