In Europe, at midday, London +0.7%. Paris +0.1%. Frankfurt +0.7%.
Futures at 6:20, Dow -0.3%. S&P -0.2%. Nasdaq +0.2%. Crude -0.3% to $68.02. Gold +0.2% to $1320.30. Bitcoin +0.7% to $9346.
Ten-year Treasury Yield -1 bps to 2.97%
Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2608.50. Average Range for CD1 is 53.39 handles. Odds of decline > 10 handles = 71% Odds of decline > 20 = 41% Possible CD1 Range Low = 2653.00
Scenario 1: IF price converts 2673 to support, THEN upside expansion targets 2688 – 89 zone.
Scenario 2: IF price converts 2660 to resistance, THEN downside targets 2655 – 50 zone.
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 6546.50. Average Range for CD1 is 152.56 handles. Odds of decline > 20 handles = 72% Odds of decline > 25 = 63% Possible CD1 Range Low = 6604.50.
Scenario 1: IF price converts 6742.25 to support, THEN expansion targets 6780.50.
Scenario 2: IF price converts 6720 to resistance, THEN downside targets 6705.50.
Range Projections and Key Levels (NQ)
HOD ATR Range Projection: 6870.00; LOD ATR Range Projection: 6616.00; Cycle Day 1 Low: 6467.25; 3 Day Central Pivot: 6593.50; 3 Day Cycle Target: 6792.00; 10 Day Average True Range: 139.00; VIX: 16.25
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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