In Europe, at midday, London -0.3%. Paris -0.2%. Frankfurt flat.
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude +0.3% to $66.29. Gold -0.1% to $1302.40. Bitcoin -0.5% to $6843.
Ten-year Treasury Yield flat at 2.96%
Today is Cycle Day 3 (CD2)…Price fulfilled stated targets in prior session and subsequently pulled back to support 2782 handle. Bulls will need now to convert 2792 to upper support, while Bears want preferably below 2782 handle. Contract Rollover remains in-effect.
Market Bias: Bullish
CD3 Range High = 2805.00 CD3 Range Low = 2759.50 CD3 Range Avg = 22.50
Scenario 1: IF price clears and converts 2792, THEN upside objective measures 2798 – 2803 zone.
Scenario 2: IF price violates and converts 2782, THEN downside objective measures 2776 – 2771 zone.
Range Projections and Key Levels (ES) September (U) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD2)…Price fulfilled stated targets in prior session and subsequently pulled back to support 7182 handle. Bulls will need now to convert 7200 to upper support, while Bears want preferably below 7170 handle. Contract Rollover remains in-effect.
Market Bias: Bullish
CD3 Range High = 7232.00 CD3 Range Low = 7160.50 CD3 Range Avg = 51.00
Scenario 1: IF price clears and converts 7212, THEN upside objective measures 7232 – 7250 zone.
Scenario 2: IF price violates and converts 7170, THEN downside objective measures 7150 – 7125 zone.
Range Projections and Key Levels (NQ) September (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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