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Prior Session was Cycle Day 2 (CD2): This day had the widest range (44 handles) in over two-weeks as traders volleyed price back in forth in search balance, following 3-day decline. Range was 44 handles on 1.405M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): Price successfully tested prior pivot low during overnight activity, rallying back to 5-day POC (4503). We’ll mark today as a “wild-card” with cycle statistic being fulfilled. As such, estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 4505, initially targets 4515 – 4520 zone.
2.) Price sustains an offer below 4505, initially targets 4495 – 4490 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
PVA High Edge = 4504 PVA Low Edge = 4481 Prior POC = 4488
Range Projections and Key Levels (ES) December 2021 (Z) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD3)…Nasdaq future has fulfilled 3 Day Cycle Statistic and is currently trading near 5-day midpoint (15620). Prior range was 130 handles on 511k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 15620 PVA Low Edge = 15545 Prior POC = 15585
Bull Scenario: IF Bulls sustain a bid above 15620, THEN initial upside estimate targets 15650 – 15662 zone.
Bear Scenario: IF Bears sustain an offer below 15620, THEN initial downside estimate targets 15585 – 15568 zone.
Range Projections and Key Levels (NQ) December 2021 (Z) 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