S&P 500
Prior Session was Cycle Day 1: Cycle Day 1 (CD1), lengthy liquidation down development pushed worth decrease and established a brand new cycle low at 5412. Reclaim of prior low (5450) sparked a robust brief squeeze that propelled worth upwards to meet our higher goal zone as define in prior DTS Briefing 9.11.24 closing close to highs of the day. Vary expanded to twice the typical 155 handles on 2.147M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Markets proceed to rally off the latest Time & Value Low on 9/6/24. Bulls clearly have momentum ball-control so it’s theirs to lose, ought to they fumble. Pullbacks stay buyable as this will likely be our core alignment theme for right this moment’s session. Usually development days are adopted by MATD rhythms for Cycle Day 2, so we’ll be monitoring worth motion for this potential state of affairs. however remaining versatile to Mr. Market’s needs.
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us properly, so keep the course.
As such, eventualities to think about for right this moment’s buying and selling.
Bull Situation: Value sustains a bid above 5545, initially targets 5565 – 5575 zone.
Bear Situation: Value sustains a proposal beneath 5545, initially targets 5525 – 5515 zone.
PVA Excessive Edge = 5542 PVA Low Edge = 5444 Prior POC = 5582
ES Chart (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Cycle Day 1 (CD1), lengthy liquidation down development pushed worth decrease and established a brand new cycle low at 18547. Reclaim of 18600 sparked a robust brief squeeze that propelled worth upwards engulfing the earlier five-sessions and shutting close to highs of the day. Vary expanded to twice the typical 746 handles on 710k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Markets proceed to rally off the latest Time & Value Low on 9/6/24. Bulls clearly have momentum ball-control so it’s theirs to lose, ought to they fumble. Pullbacks stay buyable as this will likely be our core alignment theme for right this moment’s session. Usually development days are adopted by MATD rhythms for Cycle Day 2, so we’ll be monitoring worth motion for this potential state of affairs. however remaining versatile to Mr. Market’s needs.
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us properly, so keep the course.
As such, eventualities to think about for right this moment’s buying and selling.
Bull Situation: Value sustains a bid above 19130, initially targets 19290 – 19345 zone.
Bear Situation: Value sustains a proposal beneath 19130, initially targets 19040 – 18953 zone.
PVA Excessive Edge = 18953 PVA Low Edge = 18550 Prior POC = 187998
NQ Chart
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 concentrate on 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
“Realizing just isn’t sufficient, We should APPLY. Keen just isn’t sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “training solely” and shouldn’t be seen in any method 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 just isn’t essentially indicative of future outcomes. There may be substantial threat of loss related to buying and selling securities and choices on equities. Solely threat capital must be used to commerce. Buying and selling securities just isn’t appropriate for everybody.
Disclaimer: Futures, Choices, and Foreign money buying and selling all have massive potential rewards, however in addition they have massive potential threat. You could pay attention to the dangers and be keen to simply accept them to be able to spend money on 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 site. The previous efficiency of any buying and selling system or methodology just isn’t 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
