In Asia, Japan -0.3%. Hong Kong +0.2%. China flat. India -0.8%.
In Europe, at midday, London +1.1%. Paris +1.5%. Frankfurt +1.2%.
Futures at 6:20, Dow +0.7%. S&P +0.8%. Nasdaq +0.9%. Crude +0.9% to $56.65. Gold -0.4%to $1509.30. Bitcoin -4.4% to $10203.
Ten-year Treasury Yield +3 bps to 1.59%
Source: Seeking Alpha https://seekingalpha.com
Economic Calendar https://www.investing.com/economic-calendar/
Today is Cycle Day 2 (CD2)…Prior Session was a “textbook” Cycle Day 1 fulfilling decline objective of 2895 (settlement price). Overnight trade has price rallying higher fulfilling Cycle Day 2 (today) range target (2918.00)
Note***I have been actively using the 3 Day Cycle Strategy as a “core trading premise” for over 10 years and to this day it still astonishes me the accuracy of price levels.
*****The 3 Day Cycle Spreadsheet which subscribers receive shortly after market close for next trading session contains all the projected range targets. Here is link to web page to learn more: https://polaristradinggroup.com/ptg-3-day-cycle/
CD2 Range High = 2918 CD2 Range Low = 2896 CD2 Range Avg = 38.50
Scenario 1: IF Bulls hold bid above 2908, THEN initial upside potential targets 2918 – 2922 zone.
Scenario 2: IF Bears hold offer below 2908, THEN initial downside objective targets 2898 – 2896 range low zone.
Range Projections and Key Levels (ES) September 2019 (U) Contract
Nasdaq 100 (NQ)
CD2 Range High = 7726 CD2 Range Low = 7682 CD2 Range Avg = 132.00
Scenario 1: IF Bulls hold bid above 7688, THEN initial upside potential targets 7715 – 7726 Cycle Target/Penetration Zone.
Scenario 2: IF Bears hold offer below 7688, THEN initial downside objective targets 7659 – 7651 3 Day Central Pivot Zone.
Range Projections and Key Levels (NQ) September 2019 (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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