S&P 500
Prior Session was Cycle Day 1: Regular CD1 because the anticipated decline (90%) was fulfilled at 5814 with a ultimate established low marked at 5811.50. This degree shall be used to measure this cycle’s efficiency via Cycle Day 3. Immediately’s session was basically a consolidation of the earlier rally to all-time highs. Prior vary was 32 handles on 1.057M contracts exchanged.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 10.10.24
Try the hyperlink to be taught extra concerning the Taylor Cycle and safe your FREE TRIAL.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Immediately now we have the follow-up Producer Worth Index (PPI) to spherical out this week’s exercise. Worth has notched a brand new all-time excessive and bulls would ideally like to shut the week out at or above the present highs.
Key for right now would be the 5810 – 5815 zone for assist whereas 5840 – 5845 zone marked as resistance. Clearance and Conversion of both of those ranges will decide whether or not bulls have a pattern continuation increased or a decline decrease again in to current ranges.
Immediately can also be CAPITAL PRESERVATION FRYDAY…Proceed accordingly.
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us nicely, so keep the course.
As such, situations to contemplate for right now’s buying and selling.
Bull Situation: Worth sustains a bid above 5840, initially targets 5855 – 5860 zone.
Bear Situation: Worth sustains a suggestion beneath 5815, initially targets 5800 – 5795 zone.
PVA Excessive Edge = 5832 PVA Low Edge = 5820 Prior POC = 5831
ES Chart Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Regular CD1 because the anticipated decline (90%) was fulfilled at 20372 with a ultimate established low marked at 20301.50. This degree shall be used to measure this cycle’s efficiency via Cycle Day 3. Immediately’s session was basically a consolidation of the earlier rally. Prior vary was 206 handles on 443k contracts exchanged.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 10.10.24
Try the hyperlink to be taught extra concerning the Taylor Cycle and safe your FREE TRIAL.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Immediately now we have the follow-up Producer Worth Index (PPI) to spherical out this week’s exercise. Bulls would ideally like to shut the week out at or above the present highs.
Key for right now would be the 20300 for assist whereas 20500 marked as resistance. Clearance and Conversion of both of those ranges will decide whether or not bulls have a pattern continuation increased or a decline decrease again in to current ranges.
Immediately can also be CAPITAL PRESERVATION FRYDAY…Proceed accordingly.
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us nicely, so keep the course.
As such, situations to contemplate for right now’s buying and selling.
Bull Situation: Worth sustains a bid above 20415, initially targets 20513– 20557 zone.
Bear Situation: Worth sustains a suggestion beneath 20415, initially targets 20381 – 20357 zone.
PVA Excessive Edge = 20469 PVA Low Edge = 20381 Prior POC = 20412
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 Choice Pivot Ranges. Proceed to concentrate on Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day power will increase possibilities 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 “schooling solely” and shouldn’t be considered in any method 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 income. Previous efficiency will not 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 must 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 massive potential rewards, however in addition they have massive potential danger. You should pay attention to the dangers and be prepared to simply accept them with the intention 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 suggestion 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 site. 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
