S&P 500
Prior Session was Cycle Day 2: Normal CD2 unfolded as early MATD rhythms dominated the morning session, as outlined in prior DTS Briefing 9.12.24, with an afternoon push higher to fulfill 5500 cycle target. Range was 67 handles on 1.515M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Another 3 Day SUPER CYCLE with price exceeding over 200% of the average cycle range. MAY I HAVE SOME FRIES WITH THAT SUPER SIZE! Bullish momentum may spill-over into today’s session, as prior session experienced several ALGO battles with sharp price moves. More of the same may be in-store for today’s trade activity, so approach it with a bit of caution being FRYDAY!
Our discipline of maintaining positioning that is aligned with market forces continues to serve us well, so stay the course.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 5595, initially targets 5610 – 5615 zone.
Bear Scenario: Price sustains an offer below 5595, initially targets 5580 – 5575 zone.
PVA High Edge = 5606 PVA Low Edge = 5565 Prior POC = 5600
ES Chart (Target Master)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Normal CD2 unfolded as early MATD rhythms dominated the morning session, as outlined in prior DTS Briefing 9.12.24, with an afternoon push higher to fulfill 19396 cycle target. Range was 298 handles on 563k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Another 3 Day SUPER CYCLE with price exceeding over 200% of the average cycle range. Bullish momentum may spill-over into today’s session, as prior session experienced several ALGO battles with sharp price moves. More of the same may be in-store for today’s trade activity, so approach it with a bit of caution being FRYDAY!
Our discipline of maintaining positioning that is aligned with market forces continues to serve us well, so stay the course.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 19380, initially targets 18780 – 18830 zone.
Bear Scenario: Price sustains an offer below 19380, initially targets 18605 – 18580 zone.
PVA High Edge = 18700 PVA Low Edge = 18580 Prior POC = 18605
NQ Chart (Target Master)
Economic Calendar
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!
Good Trading…David
“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –BR
*****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