In Europe, at midday, London +0.2%. Paris +0.8%. Frankfurt +0.6%.
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.1%. Crude +0.4% to $71.02. Gold flat at $1207.80. Bitcoin +0.1% to $6392.
Ten-year Treasury Yield flat at 3.07%
Today is Cycle Day 3 (CD3)…Yesterday was CD2 and we did get the expected consolidation type day as price oscillated between 2906 – 2916 range. Cycle Rally objectives have been fulfilled as bulls remains in-control, which suggests further upside advancement potential exists targeting 2928 handle.
CD3 Range High = 2935.50 CD3 Range Low = 2896.75 CD3 Range Avg = 22.50
Scenario 1: IF price holds bid above 2914, THEN initial upside targets test of PH (2918.75), IF cleared and converted, THEN expansion levels measure 2924 – 2928 zone.
Scenario 2: IF price holds offer below 2914, THEN initial downside targets 2907 – 2905 3 Day Central Pivot Zone (3D CPZ).
Range Projections and Key Levels (ES) December (Z) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD3)…Yesterday was CD2 and we did get the expected consolidation type day as price oscillated between 7475 – 7530 range. Cycle Rally objectives have been fulfilled as bulls remains in-control, which suggests further upside advancement potential exists targeting 7609.50 handle.
CD3 Range High = 7609.50 CD3 Range Low = 7459.50 CD3 Range Avg = 95.50
Scenario 1: IF price holds bid above 7515, THEN initial upside targets test of PH (7546.00), IF cleared and converted, THEN expansion levels measure 7553 – 7561.75 zone. Extreme CD3 Target measures 7609.50
Scenario 2: IF price holds offer below 7515, THEN initial downside targets 7508 – 7498.50 zone.
Range Projections and Key Levels (NQ) December (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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