Markets
Financial Calendar
Supply: Investing.com
S&P 500
Prior Session was Cycle Day 3: Optimistic Three-Day Cycle was fulfilled with a 91.11% success-rate overlaying twelve-plus years of monitoring historical past. Value held bid above our LIS (5625) and fulfilled preliminary upside goal (5640), however did not broaden greater with a sustained bid, though value did notch a marginal new ATH. Therefore, it was a sluggish summer season day of consolidating current positive aspects. Vary was 19 handles on 1010M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: At the moment begins a brand new cycle so we ought to be anticipating a decline, however value would wish to breakdown by means of 5630 with sustained provide to extend odds of a deeper decline.
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us nicely, so keep the course.
As such, situations to think about for immediately’s buying and selling.
Bull Situation: Value sustains a bid above 5630, initially targets 5640 – 5645 zone.
Bear Situation: Value sustains a suggestion beneath 5630, initially targets 5615 – 5610 zone.
PVA Excessive Edge = 5639 PVA Low Edge = 5631 Prior POC = 5634
*****The 3 Day Cycle has a 91.11% likelihood of fulfilling Optimistic Cycle Statistics overlaying 12 years of recorded monitoring historical past.
Hyperlink to: Vary Projections (ES) Sept (U) 2024
ES Chart
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Optimistic Three-Day Cycle was fulfilled with a 91.11% success-rate overlaying twelve-plus years of monitoring historical past. Value notched a brand new ATH however did not maintain an satisfactory bid on the highs, succumbing to promoting pressures, pushing value decrease and discovering responsive patrons at (20615), Preliminary Steadiness Goal 2 Stage earlier than stabilizing. Vary was 156 handles on 564k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: At the moment begins a brand new cycle so we ought to be anticipating a decline, however value would wish to breakdown by means of 20615 with sustained provide to extend odds of a deeper decline.
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us nicely, so keep the course.
As such, situations to think about for immediately’s buying and selling.
Bull Situation: Value sustains a bid above 20695, initially targets 20725 – 20745 zone.
Bear Situation: Value sustains a suggestion beneath 20695, initially targets 20645 – 20625 zone.
PVA Excessive Edge = 20745 PVA Low Edge = 20670 Prior POC = 20727
Hyperlink to: Vary Projections (NQ) Sept (U) 2024
NQ Chart
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 deal with Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day power will increase chances of manufacturing profitable 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 considered 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 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 ought to 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 need to concentrate on the dangers and be keen to simply accept them with a view to put money into these markets. Don’t commerce with cash you may’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 more likely to obtain income or losses much like these mentioned on this web page. The previous efficiency of any buying and selling system or methodology 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
