In Europe, at midday, London +0.3%. Paris +0.3%. Frankfurt flat.
Futures at 6:20, Dow -0.2%. S&P -0.2%. Nasdaq -0.2%. Crude +1.3% to $66.67. Gold +0.3% to $1203.50. Bitcoin +2.9% to $6668.
Ten-year Treasury Yield -2 bps to 2.82%
Today is Cycle Day 3 (CD3)…Price tested key support levels (3D CPZ & CD1 Low) during overnight session and has recovered half of late day sell-off. Cycle action continues to act normally as extreme of ranges are faded/reversed.
CD3 Range High = 2868.50 CD3 Range Low = 2838.50 CD3 Range Avg = 25.00
Scenario 1: IF price holds bid above 2853, THEN upside targets 2863 – 66 zone.
Scenario 2: IF price holds offer below 2853, THEN downside targets 2846 43 zone.
Range Projections and Key Levels (ES) September (U) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD3)…Price tested key support levels (CD1 Low) during overnight session and has recovered half of late day sell-off. Cycle action continues to act normally as extreme of ranges are faded/reversed.
CD3 Range High = 7404.00 CD3 Range Low = 7353.50 CD3 Range Avg = 98.00
Scenario 1: IF price holds bid above 7377, THEN upside targets 7404.00 – 7414.50 zone.
Scenario 2: IF price holds offer below 7377, THEN downside targets 7353.50 – 7342.75 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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