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Prior Session was Cycle Day 3 (CD3): Having fulfilled cycle objectives, price pushed higher notching new all-time high and held bid throughout the session. Range was 42.25 handles on 900k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Normalized decline projection (4211), for the September (U) front month, as contract rollover is underway this week. Bulls are in-control and with a light economic calendar, rollover is expected to be the the main driver. As such, estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 4240, initially targets 4248 – 4254 zone.
2.) Price sustains an offer below 4240, initially targets 4225 – 4220 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistic covering 12 years of recorded tracking history.
PVA High Edge = 4238 PVA Low Edge = 4221 Prior POC = 4230
Range Projections and Key Levels (ES) Sept 2021 (U) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1)…Price is trading above prior value high (13950) pre-RTH as bullish momentum is firmly in-place. Prior range was 250 handles on 386k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 13950 PVA Low Edge = 13800 Prior POC = 13823
Bull Scenario: IF Bulls sustain a bid above 13950, THEN initial upside estimate targets 13995 – 14020 zone.
Bear Scenario: IF Bears sustain an offer below 13950, THEN initial downside estimate targets 13930 – 13910 zone.
Range Projections and Key Levels (NQ) Sept 2021 (U) 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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