In Europe, at midday, London -0.23%. Paris -0.30%. Frankfurt -0.42%.
Futures at 6:20, Dow -0.13%. S&P -0.16%. Nasdaq -0.21%. Crude -0.66%to $65.03. Gold -0.07% to $1,183.20. Bitcoin +1.19% to $6,487.
Ten-year Treasury Yield -2.3 bps to 2.848%.
Today is Cycle Day 3 (CD3)…ES fulfilled it’s CD2 Penetration Level targets in prior session, capping off a near perfect 3 Day Cycle sequence. Options expiration is on tap for today and also beginning of popular vacation period until after Labor Day. As such, expectation will be for below average volume participation. Immediate swings remain bullish, although a bit crusty.
CD3 Range High = 2860.50 CD3 Range Low = 2826.50 CD3 Range Avg = 25.00
Scenario 1: IF price holds bid above 2844, THEN upside extension targets measure 2856 – 2860 zone.
Scenario 2: IF price holds offer below 2844, THEN downside retracement targets measure 2834.25 – 2830.75 3 Day Central Pivot Zone.
Range Projections and Key Levels (ES) September (U) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD3)…NQ fulfilled it’s cycle targets in prior session, capping off a near perfect 3 Day Cycle sequence. Options expiration is on tap for today and also beginning of popular vacation period until after Labor Day. As such, expectation will be for below average volume participation. Immediate swings remain bullish, although a bit crusty.
CD3 Range High = 7516.25 CD3 Range Low = 7345.75 CD3 Range Avg = 96.00
Scenario 1: IF price holds bid above 7381.25, THEN upside extension targets measure 7420 – 7430 zone.
Scenario 2: IF price holds offer below 7381.25, THEN downside retracement targets measure 7360 – 7345 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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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