Wall Street is hoping to cap the last day of a tough week with modest gains, following a 300-point rout for the Dow Jones Industrial Average last night that tipped the benchmark into a week-to-date decline of just over 1%. DJIA futures now suggest a 135-point gain at the open
In Asia, Japan -0.2%. Hong Kong +0.3%. China flat. India +1.6%.
In Europe, at midday, London +0.7%. Paris +0.8%. Frankfurt +0.8%.
Futures at 6:20, Dow +0.5%. S&P +0.6%. Nasdaq +0.5%. Crude +1.2% to $58.61. Gold -0.3% to $1281. Bitcoin +5.2% to $7956.
Ten-year Treasury Yield +3 bps to 2.32%
Source: Seeking Alpha
Today is Cycle Day 2 (CD2)…Price is continuing its rally which began from the Cycle Day 1 Low (2805.75). Currently, the minimum average rally is in-place at 2834.25. Further upside cycle targets measure 2843.50 – 2847.50.
CD2 Range High = 2847.50 CD2 Range Low = 2811.00 CD2 Range Avg = 28.50
Scenario 1: IF Bulls hold bid above 2821, THEN initial upside potential targets 2834.25 – 2843.50 zone.
Scenario 2: IF Bears hold offer below 2821, THEN initial downside objective targets 2815.50 – 2811.00 Low Range Zone with potential for retest of 2805.75 CD1 Low.
Range Projections and Key Levels (ES) June 2019 (M) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…Price is continuing its rally which began from the Cycle Day 1 Low (7268.00). Currently, the minimum average rally is in-place at 7336.50. Further upside cycle targets measure 7353 and 7365.
CD2 Range High = 7365.00 CD2 Range Low = 7305.00 CD2 Range Avg = 98.50
Scenario 1: IF Bulls hold bid above 7316, THEN initial upside potential targets 7353 – 7365 zone.
Scenario 2: IF Bears hold offer below 7316, THEN initial downside objective targets 7305 – 7290 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.
Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.
This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
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