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Prior Session was Cycle Day 3 (CD3): Since this cycle’s target’s had been exceeded. this session unfolded as a consolidation range day, absorbing recent gains. Market on Close capped the day with $2.65 Buy Imbalance as registered by Mr Top Step’s Market Imbalance Meter (MiM). Range contracted to 40 handles on expanding 1.266M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Today begins a new cycle, with the Average Decline measuring 4652. Overnight activity has price continuing to consolidate within 2-day value zone. We’ll be looking for clues of trend continuation or reversal from the key 4700 strike. As such, estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 4692, initially targets 4713 – 4723 zone.
2.) Price sustains an offer below 4672, initially targets 4655 – 4653 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
PVA High Edge = 4695 PVA Low Edge = 4678 Prior POC = 4689
Range Projections and Key Levels (ES) December 2021 (Z) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1)…Price is currently trading within prior day value zone (16292 – 16378) during overnight trade activity. Average Decline for CD1 measures 16158.. Prior range contracted to 185 handles on normal volume 487k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 16378 PVA Low Edge = 16292 Prior POC = 16372
Bull Scenario: IF Bulls sustain a bid above 16378, THEN initial upside estimate targets 16427 – 16437 zone.
Bear Scenario: IF Bears sustain an offer below 16292, THEN initial downside estimate targets 16276– 16252 zone.
Range Projections and Key Levels (NQ) December 2021 (Z) Contract
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