S&P 500
Prior Session was Cycle Day 2: Prior session’s commerce technique (see recap hyperlink beneath) performed like a “well-tuned fiddle” fulfilling each draw back and upside respective goal zones. Vary widened and volumes elevated, offering ample commerce alternatives.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 10.29.24
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: Value closed nears highs of the day with bulls firmly in-control. Bullish GOOGL earnings offering after hours bid. Expectation for in the present day’s session is additional rally potential with 3-Day Cycle Statistic (92%) fulfilled with larger targets remaining open.
Subsequent part is repost from prior briefing:
As all of us are keenly conscious, markets rotate from contractionary durations (vary) to expansionary durations (development). We additionally know that markets spend nearly all of the time in contraction (vary) consolidations as it’s regularly absorbing incoming info from a plethora of sources. Build up vitality for the subsequent expansionary (development) interval.
Our job is to defer to the present rhythms and train persistence, maybe by reviewing our commerce plans and making ready for the varied eventualities that might unfold and the way we’re going to reply. Make use of the quiet contraction interval, in order to be ready for the inevitable growth interval.
This week is fulfilled with Tech Earnings Studies which is anticipated to be the principle driver of market exercise. We’ll proceed to stay our self-discipline in sustaining positioning that’s aligned with market forces and continues to serve us properly, so keep the course.
As such, eventualities to contemplate for in the present day’s buying and selling.
Bull Situation: Value sustains a bid above 5880, initially targets 5895 – 5900 zone.
Bear Situation: Value sustains a suggestion beneath 5880, initially targets 5865 – 5860 zone.
PVA Excessive Edge = 5881 PVA Low Edge = 5860 Prior POC = 5878
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Prior session’s commerce technique Bull and Bear Eventualities had been fulfilled and exceeded as value momentum loosened up, permitting merchants to widen the vary, which elevated commerce alternatives.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 10.29.24
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Value closed nears highs of the day with bulls firmly in-control. Bullish GOOGL earnings offering after hours bid. Expectation for in the present day’s session is additional rally potential with 3-Day Cycle Statistic (92%) fulfilled with larger targets remaining open.
Subsequent part is repost from prior briefing:
As all of us are keenly conscious, markets rotate from contractionary durations (vary) to expansionary durations (development). We additionally know that markets spend nearly all of the time in contraction (vary) consolidations as it’s regularly absorbing incoming info from a plethora of sources. Build up vitality for the subsequent expansionary (development) interval.
Our job is to defer to the present rhythms and train persistence, maybe by reviewing our commerce plans and making ready for the varied eventualities that might unfold and the way we’re going to reply. Make use of the quiet contraction interval, in order to be ready for the inevitable growth interval.
This week is fulfilled with Tech Earnings Studies which is anticipated to be the principle driver of market exercise. We’ll proceed to stay our self-discipline in sustaining positioning that’s aligned with market forces and continues to serve us properly, so keep the course.
Earnings: 10/30/24 >>> META, MSFT 10/31/24 >>> AAPL, AMZN
As such, eventualities to contemplate for in the present day’s buying and selling.
Bull Situation: Value sustains a bid above 20735, initially targets 20805– 20850 zone.
Bear Situation: Value sustains a suggestion beneath 20735, initially targets 20665 – 20630 zone.
PVA Excessive Edge = 20667 PVA Low Edge = 20443 Prior POC = 20491
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 aspect from Choice Pivot Ranges. Proceed to concentrate on Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day pressure will increase possibilities of manufacturing profitable trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Figuring out just isn’t sufficient, We should APPLY. Prepared just isn’t sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “schooling 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 using this technique or any system or buying and selling methodology will generate earnings. Previous efficiency just isn’t 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 just isn’t 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. It’s essential to concentrate on the dangers and be keen to simply accept them with the intention to spend money on these markets. Don’t commerce with cash you possibly can’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 earnings or losses just like these mentioned on this web page. 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
