Economic Calendar 

8:30 Personal Income and Outlays
9:45 Chicago PMI
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count

PTG Trading

Today is Cycle Day 1 (CD1)…Normal is for some magnitude decline with average measuring 2494 handle, which has been recent support. With price at all-time high, bulls continue to have command control of price action, as any dip gets absorbed. 

Anticipated support @ 2500 outlined in prior DTS Briefing 9.28.17 held solid yesterday, so it would take a violation and conversion of this level to so any crack in bullish scenario. 

STAY NIMBLE and ALWAYS USE PROTECTIVE STOPS.

Range Projections and Key Levels

HOD  ATR Range Projection: 2515.27; LOD ATR Range Projection: 2497.98; Cycle Day 1 Low: 2496.50; 3 Day Central Pivot: 2501.00; 3 Day Cycle Target: 2523.71; 10 Day Average True Range: 9.77; VIX: 9.60

**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Today’s Hypotheses: December 2017 (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1:  IF price clears and converts PH (2508.25), THEN expansion targets 2513 – 15 zone.

Scenario 2:  IF price violates and converts 2500 to lower resistance, THEN deeper downside correction may unfold targeting 2494 – 92 zone.

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.” –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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