In Asia, Japan +0.96%. Hong Kong -0.06%. China +1.35%. India +0.43%.
In Europe, at midday, London -0.09%. Paris +0.29%. Frankfurt +0.49%.
Futures at 7:15, Dow flat. S&P flat. Nasdaq +0.07%. Crude +1.1% to $54.23. Gold +0.16% to $1,539.60. Bitcoin -1.88% to $10,164.
Ten-year Treasury Yield -3.3bps to 1.513%.
(Source: Seeking Alpha) https://seekingalpha.com/
Economic Calendar https://www.investing.com/economic-calendar/
Today is Cycle Day 3 …Price has fulfilled and exceeded this cycle’s upside objective (2883). Extension targets remain achievable (2893 – 2902) should price clear and convert 2883 – 2888 Decision Point Zone (DPZ).
CD3 Range High = 2893 CD3 Range Low = 2865 CD3 Range Avg = 39.25
Scenario 1: IF Bulls hold bid above 2883, THEN initial upside targets 2893 – 2902 zone.
Scenario 2: IF Bears hold offer below 2883, THEN initial downside targets 2865 – 2860 Central Pivot Zone.
Range Projections and Key Levels (ES) September (U) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3…Price has fulfilled and exceeded this cycle’s upside objective (7620). Next upside objective measures 7650 – 7675 zone.
CD3 Range High = 7688 CD3 Range Low = 7658 CD3 Range Avg = 141.00
Scenario 1: IF Bulls hold bid above 7588, THEN initial upside potential targets 7620 – 7630 zone.
Scenario 2: IF Bears hold offer below 7588, THEN initial downside targets 77558 – 7550 zone.
Range Projections and Key Levels (NQ) September (U) Contract
HOD ATR Range Projection: 7698.00; LOD ATR Range Projection: 7466.00; Cycle Day 1 Low: 7447.75; 3 Day Central Pivot: 7601.00; 3 Day Cycle Target: 7620.00; 10 Day Average True Range: 149.63; VIX: 19.27
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