S&P 500
Prior Session was Cycle Day 3: Constructive 3-Day Cycle (92.21%) as value traded above the CD1 Low on CD3 and fulfilled preliminary goal 5947 (78.59%) marking the weekly cycle excessive at 5947.50. How is that for accuracy! Vary for this session was 62 handles on 1.225M contracts exchanged.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 11.20.24
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: The Common Decline 5880 was fulfilled throughout CD3 on the early morning weak spot. BTFD bulls responded well timed absorbing the weak sellers, driving value greater and consolidation features by the rest of the session.
Submit NVDA earnings after hours dip patrons stay energetic, shopping for the weak spot at now key assist 5915.
Bulls will likely be gunning to increase this rally above the 5945 – 5950 zone.
Bears might want to convert 5915 decrease and press for 5885 (prior CD1 Low).
Battle Strains are drawn….
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 proceed to serve us properly, so keep the course.
As such, situations to contemplate for as we speak’s buying and selling.
Bull State of affairs: Worth sustains a bid above 5915, initially targets 5955 – 5960 zone.
Bear State of affairs: Worth sustains a proposal under 5915, initially targets 5895 – 5885 zone.
PVA Excessive Edge = 5927 PVA Low Edge = 5885 Prior POC = 5900
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Constructive 3-Day Cycle as value traded above the CD1 Low on CD3. Vary for this session was 366 handles on 610k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1:The Common Decline was fulfilled throughout CD3 on the early morning weak spot. BTFD bulls responded well timed absorbing the weak sellers, driving value greater and consolidation features by the rest of the session.
Submit NVDA earnings after hours dip patrons stay energetic, shopping for the weak spot at now key assist 20615.
Bulls will likely be gunning to increase this rally above the 20775 – 20795 zone.
Bears might want to convert 20615 decrease and press for 20475 (prior CD1 Low).
Battle Strains are drawn….
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 proceed to serve us properly, so keep the course.
As such, situations to contemplate for as we speak’s buying and selling.
Bull State of affairs: Worth sustains a bid above 20615, initially targets 20735– 20775 zone.
Bear State of affairs: Worth sustains a proposal under 20615, initially targets 20545 – 20495 zone.
PVA Excessive Edge = 20735 PVA Low Edge = 20548 Prior POC = 21615
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 concentrate on Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day pressure will increase possibilities of manufacturing successful trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Figuring out isn’t sufficient, We should APPLY. Keen isn’t sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be seen 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 isn’t 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 isn’t appropriate for everybody.
Disclaimer: Futures, Choices, and Foreign money buying and selling all have massive potential rewards, however additionally they have massive potential danger. You could pay attention to the dangers and be keen to just accept them as a way to put money into 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 site. The previous efficiency of any buying and selling system or methodology isn’t essentially indicative of future outcomes.
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