In Asia, Japan +0.2%. Hong Kong -0.1%. China +0.2%. India +5.3%.
In Europe, at midday, London +0.1%. Paris +0.4%. Frankfurt +0.2%.
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.3%. Crude +0.8% to $58.63. Gold +0.3% to $1511.10. Bitcoin +2.7% to $10139.
Ten-year Treasury Yield flat at 1.78%
(Source: Seeking Alpha) https://seekingalpha.com/
Today is Cycle Day 3 …Price is holding steady above prior close (3007.50) in relatively quiet overnight trade. QUAD Options Expiration is on tap for today’s session with bulls in control above 3000 key “line-in-sand” level. Positive 3-Day Cycle Statistic is fulfilled so we’ll call today a “wild-card” for direction and rhythms which may be affected by expiring options. Futures Contract Rollover to December (front month) is complete.
CD3 Range High = 3029.75 CD3 Range Low = 2992.50 CD3 Range Avg = 37.25
Scenario 1: IF Bulls hold bid above 3010, THEN initial upside targets 3020 – 3025 zone.
Scenario 2: IF Bears hold offer below 3010, THEN initial downside targets 3000 – 2995 zone.
Range Projections and Key Levels (ES) December (Z) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3…Price is holding above prior close (7917.25) in relatively quiet overnight trade. Today options expire which is expected to have main influence on price action. Key support zone 7900 – 7890.
CD3 Range High = 7972 CD3 Range Low = 7888.00 CD3 Range Avg = 130.00
Scenario 1: IF Bulls hold bid above 7930, THEN initial upside potential targets 7950 – 7970 zone..
Scenario 2: IF Bears hold offer below 7930, THEN initial downside targets 7900 – 7890 zone..
Range Projections and Key Levels (NQ) September (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.
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