Markets
Financial Calendar
S&P 500
Prior Session was Cycle Day 1: Worth established a brand new cycle low at 5515.75 throughout GBX session and rallied to 5551.75 CD1 vary projection throughout RTH session. For the rest of the day it was balancing rhythms to shut out T+1 Finish-Of-Quarter for Mutual Funds. Vary for ES was 39 handles on 1.164M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Worth stays inside a multi-day composite consolidation between 5515 – 5555 zone. Closing day of buying and selling, we’re anticipating “window-dressing” rhythms as these STONKS which have carried out nicely are anticipated to have a closing bid. Potential additionally exists for a “walk-away” commerce in the course of the late afternoon. Being conscious of both situation unfolding is potential for closing day of the week/month/quarter. Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us nicely, so keep the course.
As such, eventualities to contemplate for in the present day’s buying and selling.
Bull Situation: Worth sustains a bid above 5550, initially targets 5580 – 5585 zone.
Bear Situation: Worth sustains a proposal under 5550, initially targets 5530 – 5525 zone.
PVA Excessive Edge = 5546 PVA Low Edge = 5532 Prior POC = 5541
*****The 3 Day Cycle has a 92.48% chance of fulfilling Constructive Cycle Statistics protecting 12 years of recorded monitoring historical past.
Hyperlink to: Dynamic Vary Projections (ES) Sept (U) 2024
ES Chart
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Worth established a brand new cycle low at 19874.25 throughout GBX session and rallied to 20062 CD1 vary projection throughout RTH session. For the rest of the day it was balancing rhythms to shut out T+1 Finish-Of-Quarter for Mutual Funds. Vary for NQ was 242 handles on 579k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Worth stays inside a multi-day composite consolidation between 19727 – 20116 zone. Closing day of buying and selling, we’re anticipating “window-dressing” rhythms as these MAG 7 STONKS which have carried out nicely are anticipated to have a closing bid. Potential additionally exists for a “walk-away” commerce in the course of the late afternoon. Being conscious of both situation unfolding is potential for closing day of the week/month/quarter. Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us nicely, so keep the course.
Bull Situation: Worth sustains a bid above 20085, initially targets 20170 – 20255 zone.
Bear Situation: Worth sustains a proposal under 20085, initially targets 20003 – 19975 zone.
PVA Excessive Edge = 20083 PVA Low Edge = 20003 Prior POC = 20043
Hyperlink to: Dynamic Vary Projections (NQ) Sept (U) 2024
NQ Chart
Commerce Technique: Our tactical commerce technique will merely stay unaltered…We’ll be versatile to commerce each lengthy and brief aspect from Choice Pivot Ranges. Proceed to deal with Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day drive will increase chances of manufacturing profitable trades.
Keep Targeted…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 considered in any manner 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 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 Foreign money buying and selling all have giant potential rewards, however in addition they have giant potential threat. You will need to pay attention to the dangers and be keen to simply accept them so as 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 website. 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
