S&P 500
Prior Session was Cycle Day 2: DTS Briefing’s have been repeatedly noting cautious feedback relating to elevated potential for corrective decline.
“Threat of sharp pullback/decline is now elevated given impactful information occasions (Election…FOMC) are actually within the rearview mirror. Revenue-taking turns into an actual chance ought to the FOMO rally patrons determine to step-back.”
Additionally from prior Briefing:
“Value has now established a 5-day consolidation buying and selling vary (70 pts) between 5975 – 6045 and a well-defined Worth Space between 6005 – 6035. POC 6025”
“These respective edges will type key references for the following expansionary part, as soon as the present contraction/consolidation part ends.”
Value violated the 5-Day Worth Low (6005) famous in prior DTS Briefing 11.14.24 as “long-liquidation” promoting accelerated right down to the Nov. sixth shut (5965) and beneath the 5-day vary low. Vary for at present was 56 handles on 1.277M contracts exchanged.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 11.14.24
Try the hyperlink to be taught extra concerning the Taylor 3-Day Cycle and safe your FREE TRIAL.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: OPEX is on-deck for at present’s session, so how this week closes could also be an vital “inform” going ahead. IF the BTFD crowd continues to be lively, THEN value ought to try a reduction rally to shut the week in inexperienced territory.
We’ll be monitoring if there’s spill-over beneath the 5965 stage. Break and conversion goal 5955 – 5940 zone.
So with this in thoughts, our “game-play” will stay true to our self-discipline in sustaining positioning that’s aligned with market forces which continues to serve us nicely, so keep the course.
As such, situations to contemplate for at present’s buying and selling.
Bull Situation: Value sustains a bid above 5965, initially targets 5985 – 5995 zone.
Bear Situation: Value sustains a proposal beneath 5965, initially targets 5955 – 5940 zone.
PVA Excessive Edge = 6022 PVA Low Edge = 5988 Prior POC = 6005
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Failure for the bulls to reclaim the LIS 21180 set in-motion draw back promoting strain all through the day’s vary consolidation. However “bricks on ticks” promoting was merely to overwhelming, as longs have been liquidated into the closing bell. Vary 239 handles on 545k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: OPEX is on-deck for at present’s session, so how this week closes could also be an vital “inform” going ahead. IF the BTFD crowd continues to be lively, THEN value ought to try a reduction rally to shut the week in inexperienced territory.
So with this in thoughts, our “game-play” will stay true to our self-discipline in sustaining positioning that’s aligned with market forces which continues to serve us nicely, so keep the course.
As such, situations to contemplate for at present’s buying and selling.
Bull Situation: Value sustains a bid above 20950, initially targets 21030– 21050 zone.
Bear Situation: Value sustains a proposal beneath 20950, initially targets 20888 – 20805 zone.
PVA Excessive Edge = 21197 PVA Low Edge = 21107 Prior POC = 21157
NQ Chart (Profile)
Financial Calendar
Commerce Technique: Our tactical commerce technique will merely stay unaltered…We’ll be versatile to commerce each lengthy and quick facet from Resolution Pivot Ranges. Proceed to deal with Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day power will increase possibilities of manufacturing successful trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Realizing isn’t sufficient, We should APPLY. Keen isn’t sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “training solely” and shouldn’t be seen in any approach 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 using this technique or any system or buying and selling methodology will generate earnings. Previous efficiency isn’t essentially indicative of future outcomes. There’s substantial danger of loss related to buying and selling securities and choices on equities. Solely danger capital must be used to commerce. Buying and selling securities isn’t appropriate for everybody.
Disclaimer: Futures, Choices, and Foreign money buying and selling all have massive potential rewards, however additionally they have massive potential danger. You could concentrate on the dangers and be prepared to just accept them with a view to put money into these markets. Don’t commerce with cash you may’t afford to lose.
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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
