S&P 500
Prior Session was Cycle Day 2: Prior DTS Briefing 10.21.24 performed out like a attraction, as value examined 5915 higher goal and was promptly rejected, setting the stage for a reversal. The decrease goal zone between 5875 – 5870 additionally was tagged the place BTFD consumers stepped-in giving good help and protecting the multi-day consolidation intact. Prior vary was 50 handles on 1.019M contracts exchanged.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 10.21.24
Try the hyperlink to be taught extra in regards to the Taylor Cycle and safe your FREE TRIAL.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: As soon as once more the market finds itself in a multi-day consolidation sample outlined by 5850 – 5925 outer-edges with the internal worth space marked between 5880 – 5915. Till there’s a definitive directional transfer, expectation is for extra of the identical rhythms between these ranges.
Consideration goes to be redirected to approaching swath of company earnings releases. Earnings Calendar
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us properly, so keep the course.
As such, situations to think about for as we speak’s buying and selling.
Bull Situation: Worth sustains a bid above 5895, initially targets 5915 – 5920 zone.
Bear Situation: Worth sustains a proposal under 5895, initially targets 5875 – 5870 zone.
PVA Excessive Edge = 5905 PVA Low Edge = 5884 Prior POC = 5900
ES (Chart Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Worth examined the 20350 key two-day low/worth excessive degree as outlined in earlier briefings. Many of those identical ranges have been “trafficked” a number of occasions over that they’ve “tire-tread” marks. We’ll proceed to reference ranges that outline this multi-day composite consolidation zone. Prior vary was 210 handles on 444k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: As soon as once more the market finds itself in a multi-day consolidation sample outlined by 20200 – 20670 outer-edges with the internal worth space marked between 20300 – 20500. Till there’s a definitive directional transfer, expectation is for extra of the identical rhythms between these ranges.
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us properly, so keep the course.
As such, situations to think about for as we speak’s buying and selling.
Bull Situation: Worth sustains a bid above 20530, initially targets 20585– 20615 zone.
Bear Situation: Worth sustains a proposal under 20530, initially targets 20470 – 20450 zone.
PVA Excessive Edge = 20512 PVA Low Edge = 20415 Prior POC = 20453
NQ Chart (Profile)
Financial Calendar
Commerce Technique: Our tactical commerce technique will merely stay unaltered…We’ll be versatile to commerce each lengthy and quick facet from Resolution 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 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 “schooling solely” and shouldn’t be considered in any means 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 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 ought to be used to commerce. Buying and selling securities shouldn’t be appropriate for everybody.
Disclaimer: Futures, Choices, and Foreign money buying and selling all have giant potential rewards, however additionally they have giant potential danger. You could pay attention to the dangers and be prepared to just accept them in an effort to put money into these markets. Don’t commerce with cash you may’t afford to lose.
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