In Asia, Japan flat. Hong Kong -0.4%. China +0.2%. India -1.7%.
In Europe, at midday, London flat. Paris -0.4%. Frankfurt -0.3%.
Futures at 6:20, Dow -0.8%. S&P -0.7%. Nasdaq -0.9%. Crude -1.1% to $54.52. Gold +0.7% to $1540.20. Bitcoin +5.7% to $10348.
Ten-year Treasury Yield -3 bps to 1.48
Source: Seeking Alpha https://seekingalpha.com
Economic Calendar https://www.investing.com/economic-calendar/
Today is Cycle Day 2 (CD2)…Prior Holiday Session was a Cycle Day 1 and the Low (2889) was put in-place first. We’ll use this level for today’s “risk-marker” as traders return from summer break. Bulls need to convert 2925 – 2930 zone to solid upper support to gain renewed traction.
New trading month equals new opportunities. Stay focused on your “process-goals”.
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*****The 3 Day Cycle Spreadsheet which subscribers receive shortly after market close for next trading session contains all the projected range targets. Here is link to web page to learn more: https://polaristradinggroup.com/ptg-3-day-cycle/
CD2 Range High = 2918 CD2 Range Low = 2891 CD2 Range Avg = 41.50
Scenario 1: IF Bulls hold bid above 2905, THEN initial upside potential targets 2913 – 2918 zone.
Scenario 2: IF Bears hold offer below 2905, THEN initial downside objective targets 2895 – 2890 zone.
Range Projections and Key Levels (ES) September 2019 (U) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…Price is currently above CD1 Low (7580.75) which will be “risk-marker” to begin the session. Bulls need to convert 7665 handle to upper support.
CD2 Range High = 7652 CD2 Range Low = 7605 CD2 Range Avg = 139.00
Scenario 1: IF Bulls hold bid above 7635, THEN initial upside potential targets 7643 – 7653 zone.
Scenario 2: IF Bears hold offer below 7635, THEN initial downside objective targets 7606 – 7585 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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