8:30 Import/Export Prices
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
***New: PTG Trading Room Chat Log’s Link
Prior Session was Cycle Day 3 (CD3): Price fulfilled 3 Day Cycle Statistic as well as Cycle Objective. Range and Volumes continue to track sub-par, so caution is warranted for those traders with tendencies to “buck the trend” or “over-trade”. Prior Range was 19.75 handles on 836k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Average Decline for CD1 measures 4428. Overnight volumes are barely 100k with little range as price is sitting near ATH. VIX 15.55 handle.. As such, estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 4455, initially targets 4465 – 4467 zone.
2.) Price sustains an offer below 4455, initially targets 4445 – 4440 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
PVA High Edge = 4456 PVA Low Edge = 4438 Prior POC = 4454
Range Projections and Key Levels (ES) Sept 2021 (U) Contract
HOD ATR Range Projection: 4478; LOD ATR Range Projection: 4434; 3 Day Central Pivot: 4437; 3 Day Cycle Target: 4464; 10 Day Average True Range 25; VIX: 15.55
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1)…Average Decline for CD1 measures 15010. Prior Range was 149 handles on 382k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 15089 PVA Low Edge = 14999 Prior POC = 15048
Bull Scenario: IF Bulls sustain a bid above 15090, THEN initial upside estimate targets 15120 – 15140 zone.
Bear Scenario: IF Bears sustain an offer below 15090, THEN initial downside estimate targets 15050 – 15035 zone.
Range Projections and Key Levels (NQ) Sept 2021 (U) Contract
HOD ATR Range Projection: 15198; LOD ATR Range Projection: 14960; 3 Day Central Pivot: 15045; 3 Day Cycle Target: 15280; 10 Day Average True Range: 137; VIX: 15.55
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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CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN