S&P 500
Prior Session was Cycle Day 1: Prior Briefing 10.31.24 view was that markets would proceed the promoting stress “spill-over” into in the present day’s session. It was famous that the typical decline (5818) was close to to be fulfilled early throughout the GLOBEX session. The unknown was the magnitude to which in the present day’s decline would unfold. The ultimate tally was the -1.96% (110.75 pts) on 1.866M contracts exchanged.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 10.31.24
Take a look at the hyperlink to be taught extra concerning the Taylor Cycle and safe your FREE TRIAL.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Bulls can have their work lower out for them throughout in the present day’s session, given the aggressive prior “smack-down.”
Keys for in the present day are the identical for yesterday…5765 – 5770 upside zone and 5735 – 5750 decrease zone. Worth has returned again all the way down to final month’s multi-period composite consolidation, which will probably be key to both repelling the present promoting stress or succumbing to it.
***Bulls goal is to Clear and Convert 5765 – 5770 zone to higher assist to orchestrate a “squeeze-play!”
***Bears want to preserve the “pressure-on” by defending any rally try to shift the momentum.
We’ll proceed to stay true to our self-discipline in sustaining positioning that’s aligned with market forces which continues to serve us effectively, so keep the course.
As such, eventualities to think about for in the present day’s buying and selling.
Bull Situation: Worth sustains a bid above 5750, initially targets 5765 – 5770 zone.
Bear Situation: Worth sustains a proposal under 5750, initially targets 5735 – 5730 zone.
PVA Excessive Edge = 5777 PVA Low Edge = 5734 Prior POC = 5762
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Prior Briefing 10.31.24 view was that markets would proceed the promoting stress “spill-over” into in the present day’s session. It was famous that the typical decline (20416) was fulfilled early throughout the GLOBEX session. The unknown was the magnitude to which in the present day’s decline would unfold. The ultimate tally was the -2.52% (487.25 pts) on 675k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Bulls can have their work lower out for them throughout in the present day’s session, given the aggressive prior “smack-down.” We’ll be anticipating a normalized CD2 with MATD Rhythms to stability out prior session promoting.
As such, eventualities to think about for in the present day’s buying and selling.
Bull Situation: Worth sustains a bid above 20050, initially targets 20176– 20252 zone.
Bear Situation: Worth sustains a proposal under 20050, initially targets 19943 – 19876 zone.
PVA Excessive Edge = 20176 PVA Low Edge = 20011 Prior POC = 20066
NQ Chart (Profile)
Financial Calendar
Commerce Technique: Our tactical commerce technique will merely stay unaltered…We’ll be versatile to commerce each lengthy and brief facet from Resolution Pivot Ranges. Proceed to give attention to Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day power will increase chances of manufacturing profitable trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Understanding will not be sufficient, We should APPLY. Prepared will not be sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be seen in any method as a advice to purchase or promote futures merchandise.”
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
IMPORTANT NOTICE! No illustration is being made that the usage of this technique or any system or buying and selling methodology will generate income. Previous efficiency will not be essentially indicative of future outcomes. There’s substantial threat of loss related to buying and selling securities and choices on equities. Solely threat capital needs to be used to commerce. Buying and selling securities will not be appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have giant potential rewards, however additionally they have giant potential threat. You will need to concentrate on the dangers and be prepared to simply accept them so as to put money into these markets. Don’t commerce with cash you’ll be able to’t afford to lose.
This web site is neither a solicitation nor a proposal to Purchase/Promote futures, choices, or currencies. No illustration is being made that any account will or is more likely to obtain income or losses just like these mentioned on this web page. The previous efficiency of any buying and selling system or methodology will not be essentially indicative of future outcomes.
CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN
