In Asia, Japan +0.96%. Hong Kong -0.06%. China +1.35%. India +0.43%.
In Europe, at midday, London -0.09%. Paris +0.29%. Frankfurt +0.49%.
Futures at 7:15, Dow flat. S&P flat. Nasdaq +0.07%. Crude +1.1% to $54.23. Gold +0.16% to $1,539.60. Bitcoin -1.88% to $10,164.
Ten-year Treasury Yield -3.3bps to 1.513%.
Source: Seeking Alpha https://seekingalpha.com/
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Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2950.00. Average Range for CD1 is 38.00 handles. Odds of decline > 10 handles = 73% Odds of decline > 20 = 44%
CD1 Range High = 3002.50 CD1 Range Low = 2970.00 CD1 Range Avg = 38.00
Scenario 1: IF Bulls hold bid above 2986, THEN initial upside targets 3002 – 3008 zone.
Scenario 2: IF Bears hold offer below 2986, THEN initial downside targets 2970 – 2965 zone.
Range Projections and Key Levels (ES) September 2019 (U) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7692.00. Average Range for CD1 is 125.00 handles. Odds of decline > 20 handles = 75% Odds of decline > 25 = 66%
CD1 Range High =7841.50 CD1 Range Low = 7785.00 CD1 Range Avg = 125.00
Scenario 1: IF Bulls hold bid above 7805, THEN initial upside targets 7833 – 7842 zone.
Scenario 2: IF Bears hold offer below 7805, THEN initial downside targets 7796 – 7785 zone.
Range Projections and Key Levels (NQ) September 2019 (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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