In Asia, Japan -0.3%. Hong Kong -0.3%. China -0.6%. India -0.5%.
In Europe, at midday, London +0.3%. Paris +0.3%. Frankfurt +0.5%.
Futures at 6:20, Dow +0.3%. S&P +0.2%. Nasdaq +0.1%. Crude +0.2% to $59.55. Gold +0.3%to $1416.70. Bitcoin -0.2% to $11806.
Ten-year Treasury Yield +2 bps to 2.02%
(Source: Seeking Alpha) https://seekingalpha.com/
Today is Cycle Day 3 …Price is grinding higher in overnight trade above prior high (2935.75) and firmly above CD1 Low fulfilling Positive 3 Day Rally Statistic. Further gains target 2943 – 2945 zone. Conversion back below 2930 handle would affect current bullish price dynamics.
CD3 Range High = 2953.75 CD3 Range Low = 2916.00 CD3 Range Avg = 32.50
Scenario 1: IF Bulls hold bid above 2933, THEN upside targets 2943 – 2945 zone.
Scenario 2: IF Bears hold offer below 2933, THEN downside targets 2928 – 2925 zone.
Range Projections and Key Levels (ES) September (U) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3… Price is grinding higher in overnight trade but has not been able to clear prior resistance levels and is firmly above CD1 Low fulfilling Positive 3 Day Rally Statistic.
CD3 Range High = 7730.00 CD3 Range Low = 7650.00 CD3 Range Avg = 110.00
Scenario 1: IF Bulls hold bid above 7688, THEN upside potential targets 7730 – 7736 zone.
Scenario 2: IF Bears hold offer below 7688, THEN downside targets 7672 – 7662 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
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