U.S. stock index futures continue to point green, albeit slightly, following an eventful meeting in Jackson Hole on Friday. Investors were quick to highlight the dovish stance of Fed Chair Jerome Powell
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Prior Session was Cycle Day 2 (CD2): Price fulfilled Cycle Objective (4500) with new all-time high. Broken Record (pun intended). Range was 48 handles on 1.080M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): 3 Day Cycle Statistic is in-place as price is holding bid overnight near PH (4510). We’ll mark to day as a “wild-card” with bulls remaining in control; It is theirs to relinquish. As such, estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 4510, initially targets 4518 – 4521 zone.
2.) Price sustains an offer below 4510, initially targets 4500 – 4493 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
PVA High Edge = 4509 PVA Low Edge = 4493 Prior POC = 4506
Range Projections and Key Levels (ES) Sept 2021 (U) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD3)…Nasdaq futures has fulfilled 3 Day Cycle Statistic. Prior range was 178 handles on 424k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 15443 PVA Low Edge = 15353 Prior POC = 15432
Bull Scenario: IF Bulls sustain a bid above 15444, THEN initial upside estimate targets 15455 – 15465 zone.
Bear Scenario: IF Bears sustain an offer below 15444, THEN initial downside estimate targets 15420 – 15405 zone.
Range Projections and Key Levels (NQ) Sept 2021 (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.
Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.
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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