S&P 500
Prior Session was Cycle Day 3: Optimistic Three-Day Cycle as value simply fulfilled the 92% statistic outlined as Value Better Than Cycle Day 1 Low on Cycle Day 3. (P > CD1 ~ CD3) Additionally, our Cycle Choices Commerce performed out fantastically by doubling over this era. We’ll be trying to set up a brand new choices play this cycle.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 10.30.24
Take a look at the hyperlink to study extra in regards to the Taylor Cycle and safe your FREE TRIAL.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Value closed close to the low of the day with anticipation of a continued “spill-over” into in the present day’s session. Main purpose of CD1 is to ascertain a brand new safe cycle low from which to stage the following rally. Common Decline for CD1 measures 5818.
We’ll proceed to stay true to our self-discipline in sustaining positioning that’s aligned with market forces which continues to serve us nicely, so keep the course.
As such, eventualities to think about for in the present day’s buying and selling.
Bull State of affairs: Value sustains a bid above 5840, initially targets 5855 – 5860 zone.
Bear State of affairs: Value sustains a proposal under 5840, initially targets 5825 – 5820 zone.
PVA Excessive Edge = 5885 PVA Low Edge = 5860 Prior POC = 5878
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Optimistic Three-Day Cycle as value simply fulfilled the 92% statistic outlined as Value Better Than Cycle Day 1 Low on Cycle Day 3. (P > CD1 ~ CD3)
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 10.30.24
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Value closed close to the low of the day with anticipation of a continued “spill-over” into in the present day’s session. Main purpose of CD1 is to ascertain a brand new safe cycle low from which to stage the following rally. Common Decline for CD1 measures 20416 which has been fulfilled as of this writing (8:00 pm EDT).
We’ll proceed to stay true to our self-discipline in sustaining positioning that’s aligned with market forces which continues to serve us nicely, so keep the course.
Incomes At the moment 10/31/24 >>> AAPL, AMZN
As such, eventualities to think about for in the present day’s buying and selling.
Bull State of affairs: Value sustains a bid above 20470, initially targets 20524– 20564 zone.
Bear State of affairs: Value sustains a proposal under 20470, initially targets 20386 – 20351 zone.
PVA Excessive Edge = 20684 PVA Low Edge = 20564 Prior POC = 20651
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 Resolution Pivot Ranges. Proceed to give attention to 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. Prepared will not be sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “training 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 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 ought 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 in addition they have giant potential danger. You will need to concentrate on the dangers and be keen to just accept them so as 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 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 much like these mentioned on this website online. 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
