S&P 500
Prior Session was Cycle Day 3: Markets notched a adverse week as long-liquidation submit FOMC and Presidential Election have now accomplished round-trip. All through final week DTS Briefing has been guiding our group to be aware of potential decline.
“Danger of sharp pullback/decline is now elevated given impactful information occasions (Election…FOMC) at the moment are within the rearview mirror. Revenue-taking turns into an actual risk ought to the FOMO consumers determine to take a step again.”
As sharp as this previous weeks decline was, worth has solely retreated roughly 50% of 11/4 – 11/8 week with worth holding the 5 EMA @ 5900. IF this a “garden-variety” decline simply relieving the “election-excitement”, THEN we ought to be anticipating the BTFD crowd to step-in quickly.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 11.15.24
Try the hyperlink to be taught extra concerning the Taylor 3-Day Cycle and safe your FREE TRIAL.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Earlier session’s decline has fulfilled the CD1 Low common decline projection, so we’ll be monitoring worth motion fastidiously for indicators of potential reversal/brief squeeze situation.
Ought to a retest of CD3 Low unfold, be aware for potential Look Under and Fail/Reversal (i.e. Whiplash Commerce). As on the way in which down the place ranges have been damaged, so will likely be on the way in which again up. Market will likely be seeking zonal acceptance steadiness.
So with this in thoughts, our “game-play” will 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 contemplate for immediately’s buying and selling.
Bull Situation: Value sustains a bid above 5890, initially targets 5915 – 5930 zone.
Bear Situation: Value sustains a suggestion under 5890, initially targets 5875 – 5855 zone.
PVA Excessive Edge = 5915 PVA Low Edge = 5880 Prior POC = 5891
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: NAZ has declined again into October’s multi-composite Level of Management (20440), so this week will likely be decisive on whether or not the BTFD crowd returns to cut price looking. Prior session vary was 576 handles on 673K contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Earlier session’s decline has fulfilled the CD1 Low common decline projection, so we’ll be monitoring worth motion fastidiously for indicators of potential reversal/brief squeeze situation.
Ought to a retest of CD3 Low unfold, be aware for potential Look Under and Fail/Reversal (i.e. Whiplash Commerce). As on the way in which down the place ranges have been damaged, so will likely be on the way in which again up. Market will likely be seeking zonal acceptance steadiness.
So with this in thoughts, our “game-play” will 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 contemplate for immediately’s buying and selling.
Bull Situation: Value sustains a bid above 20500, initially targets 20670– 20705 zone.
Bear Situation: Value sustains a suggestion under 20500, initially targets 20405 – 20325 zone.
PVA Excessive Edge = 20674 PVA Low Edge = 20406 Prior POC = 21496
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 aspect from Choice Pivot Ranges. Proceed to give attention to Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day drive will increase chances of manufacturing profitable trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Realizing is just not sufficient, We should APPLY. Keen is just not sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be considered in any manner as a suggestion to purchase or promote futures merchandise.”
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IMPORTANT NOTICE! No illustration is being made that the usage of this technique or any system or buying and selling methodology will generate earnings. Previous efficiency is just not essentially indicative of future outcomes. There may be substantial threat of loss related to buying and selling securities and choices on equities. Solely threat capital ought to be used to commerce. Buying and selling securities is just not appropriate for everybody.
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