S&P 500
Prior Session was Cycle Day 2: Morning “reduction rally” stalled and reversed from 5802, reverting again to the opening vary zone through the afternoon session. Total it was regular Cycle Day 2 MATD rhythms. Vary was 71 handles on 1.516M contracts exchanged.
Ask the Magic 8-Ball The place the Markets Are Headed
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Constructive 3-Day Cycle Statistic (92%) can be glad with value buying and selling above 5733 CD1 Low throughout RTH.
Captain Apparent states: “It’s going to be a “busy” buying and selling week with potential for explosive volatility.” Presidential Election…FOMC Assertion and Presser.
Weekly shut close to the low locations the Bulls on the defensive from letting markets slip additional.
Job # 1 is “forestall protection” by absorbing any spill-over promoting from final week.
Job # 2 can be to Clear and Convert (CnC) 5770 deal with to higher help.
Job #3 can be to reclaim 5802 prior session’s rejection.
Bears can be gunning to drive lengthy liquidation under prior week low for a press into 5700 deal with.
YOU KNOW THE DRILL!
We’ll proceed to 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, eventualities to think about for in the present day’s buying and selling.
Bull Situation: Value sustains a bid above 5755, initially targets 5770 – 5775 zone.
Bear Situation: Value sustains a proposal under 5755, initially targets 5735 – 5730 zone.
PVA Excessive Edge = 5785 PVA Low Edge = 5752 Prior POC = 5760
ES (Profile-Weekly)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Morning “reduction rally” stalled and reversed from 20285, reverting again to the midpoint zone through the afternoon session. Total it was regular Cycle Day 2 MATD rhythms. Vary was 271 handles on 538k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Constructive 3-Day Cycle Statistic (92%) can be glad with value buying and selling above 20008 CD1 Low throughout RTH.
Job # 1 is “forestall protection” by absorbing any spill-over promoting from final week.
Job # 2 can be to Clear and Convert (CnC) 20200 deal with to higher help.
Job #3 can be to reclaim 20285 prior session’s rejection.
Bears can be gunning to drive lengthy liquidation under prior low for a press into 20000 deal with.
YOU KNOW THE DRILL!
As such, eventualities to think about for in the present day’s buying and selling.
Bull Situation: Value sustains a bid above 20100, initially targets 20200– 20285 zone.
Bear Situation: Value sustains a proposal under 20100, initially targets 20000 – 19957 zone.
PVA Excessive Edge = 20257 PVA Low Edge = 20137 Prior POC = 20162
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 aspect from Determination Pivot Ranges. Proceed to give attention to Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day drive will increase chances of manufacturing successful trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Figuring out shouldn’t be sufficient, We should APPLY. Prepared shouldn’t be sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “training solely” and shouldn’t be considered in any means as a suggestion 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 shouldn’t be essentially indicative of future outcomes. There may be substantial danger of loss related to buying and selling securities and choices on equities. Solely danger capital needs to be used to commerce. Buying and selling securities shouldn’t be appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have massive potential rewards, however in addition they have massive potential danger. It’s essential to concentrate on the dangers and be prepared to simply accept them with a purpose to put money into these markets. Don’t commerce with cash you may’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 prone to obtain income or losses much like these mentioned on this site. The previous efficiency of any buying and selling system or methodology shouldn’t 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
