S&P 500
Prior Session was Cycle Day 2: Regular CD2 rhythms as worth continued in “consolidation-mode” respecting key ranges each on the decrease finish (5775 – 5755) and the higher finish (5810 – 5815) of the multi-day composite vary. General today matched the expectations outlined within the Each day Commerce Technique Briefing. Vary was 64 handles on 1.353M contracts exchanged.
For a extra detailed recap of prior buying and selling session click on on this hyperlink: Buying and selling Room RECAP 9.30.24
…Transition from Cycle Day 2 to Cycle Day 3
The transition to Cycle Day 3 means that bulls stay in management, with worth holding above 5800, which helps a statistically favorable continuation of the uptrend. The important thing assist zone continues to be anchored at 5785-5775, and so long as worth stays above these ranges, bulls have the benefit. Nonetheless, if worth falls under 5800 and sustains a proposal, look ahead to a possible retest of 5780-5775, with additional draw back to 5755-5730 within the occasion of a breakdown.
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us effectively, so keep the course.
As such, eventualities to think about for right now’s buying and selling.
Bull State of affairs: Value sustains a bid above 5800, initially targets 5820 – 5825 zone.
Bear State of affairs: Value sustains a proposal under 5800, initially targets 5780 – 5775 zone.
PVA Excessive Edge = 5798 PVA Low Edge = 5775 Prior POC = 5785
ES Chart (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Value oscillated round Mid-VWAP (20200) failing to realize any actual traction on both facet adhering to CD2 “regular” rhythms. Market on Shut Purchase Imbalance of $2.6 Billion aided in driving a “window-dressing” bid into the ultimate bell. Vary was 231 handles on 5002k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
The transition to Cycle Day 3 means that bulls stay in management, with worth holding above 20200, which helps a statistically favorable continuation of the uptrend. The important thing assist zone continues to be anchored at 20160, and so long as worth stays above these ranges, bulls have the benefit. Nonetheless, if worth falls under 20120 and sustains a proposal, look ahead to a possible retest of 20050 – 20000, with additional draw back to 19920 – 19900 within the occasion of a breakdown.
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us effectively, so keep the course.
As such, eventualities to think about for right now’s buying and selling.
Bull State of affairs: Value sustains a bid above 20233, initially targets 20330– 20345 zone.
Bear State of affairs: Value sustains a proposal under 20233, initially targets 20185 – 20170 zone.
PVA Excessive Edge = 20233 PVA Low Edge = 20143 Prior POC = 20184
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 Determination Pivot Ranges. Proceed to concentrate on Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day drive 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. Keen will not be sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “training solely” and shouldn’t be seen in any approach 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 Forex buying and selling all have giant potential rewards, however additionally they have giant potential threat. It’s essential to pay attention to the dangers and be prepared to just accept them so as to put money into these markets. Don’t commerce with cash you possibly can’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 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
