In Asia, Japan Closed. Hong Kong -0.85%. China +0.35%. India Closed.
In Europe, at midday, London +0.31%. Paris flat. Frankfurt -0.42%.
Futures at 6:20, Dow -0.17%. S&P -0.10%. Nasdaq +0.05%. Crude -0.42%to $59.98. Gold +1.2% to $1,317.50. Bitcoin +0.6% to $4,123.
Ten-year Treasury Yield -2bps to 2.516%
Source: Seeking Alpha
Today is Cycle Day 2 (CD2)…Price continues its downward momentum following a wide range Fed Day which saw price tag both upper and lower statistical extreme targets. Overnight trade rallied early during SSE Session but was rejected at 2836 3 Day Central Pivot and is currently below 2817.25 Cycle Day 1 Low.
CD2 Range High = 2839.00 CD2 Range Low = 2812.00 CD2 Range Avg = 24.00
Scenario 1: IF Bulls hold bid above 2823.25, THEN initial upside potential targets 2835 – 2837 3 Day Central Pivot Zone.
Scenario 2: IF Bears hold offer below 2823.25 zone, THEN initial downside objective targets 2808.00 – 2800 CD2 Violation Zone.
Range Projections and Key Levels (ES) June 2019 (M) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…Price continues its downward momentum following a wide range Fed Day which saw price tag both upper and lower statistical extreme targets. Overnight trade rallied early during SSE Session but was rejected at 7440 and is currently trading near 7380 3 Day Central Pivot.
CD2 Range High = 7429.00 CD2 Range Low = 7383.50 CD2 Range Avg = 56.50
Scenario 1: IF Bulls hold bid above 7400, THEN initial upside potential targets 7440 – 7450 zone.
Scenario 2: IF Bears hold offer below 7400, THEN initial downside objective targets 7383 – 7380 3 Day Central Pivot Zone.
Range Projections and Key Levels (NQ) June 2019 (M) 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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