8:30 Non-farm payrolls
9:45 PMI Manufacturing Index
10:00 ISM Manufacturing Index
10:00 Construction Spending
1:00 PM Baker-Hughes Rig Count

S&P 500

Today is Cycle Day 2 (CD2)…Prior session was a Normal Cycle Day 1 as price declined 2708 – 2705 to fulfill range objectives. Rally has begun off the CD1 Low extending into overnight trade currently reaching 3 Day Central Pivot Zone (2720 – 2723). Bulls will need to retain ball-control above any test of 2712 handle.

Possible CD2 Range High = 2728 

Average Range for CD2 = 22.75

Scenario 1: IF price holds above PC (2707.50), THEN initial upside potential measures 2720 – 2723 3D Central Pivot Zone.

Scenario 2: IF price violates PC (2707.50), THEN downside measures 2696 CD2 Range Low.

HOD  ATR Range Projection: 2732.00; LOD ATR Range Projection: 2707.50; Cycle Day 1 Low: 2699.75; 3 Day Central Pivot: 2721.50; 3 Day Cycle Target: 2746.00; 10 Day Average True Range 26.50; VIX: 14.69

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Prior session was a Normal Cycle Day 1 as price declined to fulfill range objectives. Rally has begun off the CD1 Low extending into overnight trade currently testing prior high zone.. Bulls will need to retain ball-control above any test of 6983 handle.

Possible CD2 Range High = 7028

Average Range for CD2 = 51.00

Scenario 1: IF price holds above PC (6983), THEN initial upside potential measures 7020 – 7030 zone.

Scenario 2: IF price violates PC (6983), THEN downside measures 6957.00 CD2 Range Low.

Range Projections and Key Levels (NQ)

HOD  ATR Range Projection: 7048.75; LOD ATR Range Projection: 6936.50; Cycle Day 1 Low: 6958.25; 3 Day Central Pivot: 6966.25; 3 Day Cycle Target: 7020.00; 10 Day Average True Range: 70.60; VIX: 14.69

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“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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