In Asia, Japan +0.14%. Hong Kong closed. China -1.70%. India -1.35%.
In Europe, at midday, London closed. Paris closed. Frankfurt closed.
Futures at 6:20, Dow -0.25%. S&P -0.28%. Nasdaq -0.33%. Crude +2.3% to $65.54. Gold +0.40% to $1,281.10. Bitcoin +1% to $5,326.
Ten-year Treasury Yield +1.2bps to 2.57%.
Source: Seeking Alpha
Today is Cycle Day 2 (CD2)…Price is beginning the week on a softer note trading near 2903 handle; 5 Day Value Area Low. Main Up Trend remains in-effect, although recent wide range edges may act as short-term barriers.
CD2 Range High = 2925.00 CD2 Range Low = 2892.00 CD2 Range Avg = 29.00
Scenario 1: IF Bulls hold bid above 2910.50, THEN initial upside potential targets 2915 – 2917 zone.
Scenario 2: IF Bears hold offer below 2910.50, THEN initial downside objective targets 2903 – 2900 zone.
Range Projections and Key Levels (ES) June 2019 (M) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…Price is trading lower near 3 Day Central Pivot Zone and within mid-zone of 5 Day Value Area.
CD2 Range High = 7740.00 CD2 Range Low = 7670.00 CD2 Range Avg = 56.50
Scenario 1: IF Bulls hold bid above 7715, THEN initial upside potential targets 7728.50 – 7738 zone.
Scenario 2: IF Bears hold offer below 7715, THEN initial downside objective targets 7694 – 7688 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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