In Asia, Japan -0.4%. Hong Kong flat. China +0.9%. India +1.1%.
In Europe, at midday, London +0.3%. Paris -0.2%. Frankfurt -0.1%.
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.3%. Crude -0.1% to $56.51. Gold -0.1% to $1285.70. Bitcoin +0.7% to $3722.
Ten-year Treasury Yield +2 bps to 2.73%
Source: Seeking Alpha
Today is Cycle Day 2 (CD2)…This Cycle’s Rally Projection (2795.25) has been fulfilled. Textbook CD1 which saw price extend to Penetration Zone, reverse, then decline to Violation Zone before rallying 27.75 handles to 2795.25 (3 Day Cycle Target).
Price is currently trading mid-range and 5 Day Point of Control (POC). Expectation for today’s session will be price oscillations between 2784 – 2804 5 Day Value Area.
CD1 Range High = 2809.00 CD1 Range Low = 2775.00 CD1 Range Avg = 24.00
Scenario 1: IF Bulls hold bid above 2790 – 2793 zone, THEN initial upside potential targets 2800 – 2805 zone.
Scenario 2: IF Bears hold offer below 2790 – 2793 zone, THEN initial downside objective targets 2785 – 2780 zone.
Range Projections and Key Levels (ES) March 2019 (H) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…This Cycle’s Rally Projection (7142.00) has been fulfilled. Textbook CD1 which saw price extend to Penetration Zone, reverse, then decline to Violation Zone before rallying 67.50 handles to 7142.00 (3 Day Cycle Target).
Price is currently trading mid-range Point of Control (POC). Expectation for today’s session will be price oscillations between 7170.00 – 7100 zone.
CD1 Range High = 7182.00 CD1 Range Low = 7112.00 CD1 Range Avg = 56.50
Scenario 1: IF Bulls hold bid above 7142.00, THEN initial upside potential targets 7170 – 7182 zone.
Scenario 2: IF Bears hold offer below 7142.00, THEN initial downside objective targets 7112 – 7100 zone.
Range Projections and Key Levels (NQ) March 2019 (H) 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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