In Asia, Japan +0.4%. Hong Kong +0.2%. China +0.8%. India -0.4%.
In Europe, at midday, London -0.8%. Paris -0.5%. Frankfurt +0.2%.
Futures at 6:20, Dow -0.3%. S&P -0.4%. Nasdaq -0.7%. Crude +0.4% to $56.97. Gold +0.4% to $1426.80. Bitcoin -2.1% to $9758.
Ten-year Treasury Yield -2 bps to 2.05%
(Source: Seeking Alpha) https://seekingalpha.com/
Today is Cycle Day 3 …Price has fulfilled Positive 3 Day Rally Statistic. As such today becomes a “wild-card day” which means anything goes in terms of direction. Further upside extension of current rally or simply pullback with more range consolidation. Initial Support Zone in marked between 2996 – 2998. Additional upside targets between 3012 – 3016 zone.
CD3 Range High = 3020.00 CD3 Range Low = 2985.00 CD3 Range Avg = 32.00
Scenario 1: IF Bulls hold bid above 3000, THEN upside targets 3008 – 3012 zone.
Scenario 2: IF Bears hold offer below 3000, THEN downside targets 2996 – 2990 zone.
Range Projections and Key Levels (ES) September (U) Contract
Nasdaq 100 (NQ)
CD3 Range High = 7984.00 CD3 Range Low = 7914.00 CD3 Range Avg = 114.50
Scenario 1: IF Bulls hold bid above 7945, THEN upside potential targets 7957 – 7972 zone..
Scenario 2: IF Bears hold offer below 7945, THEN downside targets 7930 – 7914 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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