9:45 AM ET
10:00 AM ET
***New: PTG Trading Room Chat Log’s Link
EIA Petroleum Status Report
10:30 AM ET
***Written 8 pm Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The Opening Print” publication.
Tuesday’s Session was Cycle Day 2 (CD2): Price continued this cycle’s rally, surpassing all targets, as bulls recovered the FOMC sell-off. Range was 40 handles on 1.028M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): We’ll mark this day as a “wild-card” as cycle objectives have been met and exceeded. Average Range for CD3 is 44.75 handles. As such, estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 4230, initially targets 4240 – 4245 zone.
2.) Price sustains an offer below 4230, initially targets 4218 – 4213 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistic covering 12 years of recorded tracking history.
For more detailed information for both bullish and bearish projected targets, please visit: PTG 3 Day Cycle and/or reference the Cycle Spreadsheet below:
Link to access full Cycle Spreadsheet > > Cycle Day 3 (CD3)
PVA High Edge = 4245 PVA Low Edge = 4218 Prior POC = 4230
Range Projections and Key Levels (ES) Sept 2021 (U) Contract
HOD ATR Range Projection: 4271; LOD ATR Range Projection: 4212; 3 Day Central Pivot: 4238; 3 Day Cycle Target: 4184; 10 Day Average True Range 35; VIX: 16.50
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD3)…We’ll mark this day as a “wild-card”, as cycle objectives have been fulfilled and exceeded. Prior range was 212 handles on 416k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 14233 PVA Low Edge = 14132 Prior POC = 14220
Bull Scenario: IF Bulls sustain a bid above 14220, THEN initial upside estimate targets 14260 – 14280 zone.
Bear Scenario: IF Bears sustain an offer below 14220, THEN initial downside estimate targets 14191 – 14175 zone.
Range Projections and Key Levels (NQ) Sept 2021 (U) Contract
HOD ATR Range Projection: 14415; LOD ATR Range Projection: 14150; 3 Day Central Pivot: 14032; 3 Day Cycle Target: 14240; 10 Day Average True Range: 164; VIX: 16.50
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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