Markets
Financial Calendar
S&P 500
Prior Session was Cycle Day 2: Improbable CD2 efficiency as worth prolonged this cycle’s rally by fulfilling 5707.75 3 Day Cycle Goal “to-the-tick” as outlined in prior DTS Briefing 7.11.24, in addition to excessive of the day. The accuracy of the Three-Day Cycle is astonishing!
Worth did reverse the anticipatory rally forward of the CPI. taking worth right down to Cycle Day 1 Low (5630.75) the place consumers continued to reply with supportive bids. Vary for ES was 77 handles on 1.889M contracts exchanged.
As posted in PTG Buying and selling Room:
“PTGDavid : (8:32:57 AM) : “Bull Situation: Worth sustains a bid above 5685, initially targets 5702 – 5707 zone.”
“PTGDavid : (8:33:14 AM) : “BOOOM!!!! 5707 TGT FULFILLED!”
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Key Help is marked at 5630 the place consumers remained energetic throughout prior session and shall be key for in the present day’s session as nicely. Ought to this degree be violated and transformed, subsequent zone of curiosity is 5610 – 5605. So long as worth trades above CD1 Low, Optimistic 3-Day Cycle shall be happy.
You Know The Plan! 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 in the present day’s buying and selling.
Bull Situation: Worth sustains a bid above 5630, initially targets 5650 – 5655 zone.
Bear Situation: Worth sustains a proposal under 5630, initially targets 5610 – 5605 zone.
PVA Excessive Edge = 5667 PVA Low Edge = 5630 Prior POC = 5642
*****The 3 Day Cycle has a 91.11% likelihood of fulfilling Optimistic Cycle Statistics protecting 12 years of recorded monitoring historical past.
Hyperlink to: Dynamic Vary Projections (ES) Sept (U) 2024
ES Chart
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Improbable CD2 efficiency as worth prolonged this cycle’s rally by fulfilling 20980 goal as outlined in prior DTS Briefing 7.11.24.
“Bull Situation: Worth sustains a bid above 20895, initially targets 20950 – 20980 zone.”
Worth did reverse the anticipatory rally forward of the CPI, taking worth down surpassing Cycle Day 1 Low (20684.50). hitting 20377.25 low. Vary for NQ was 606 handles (2X ADR) on 888k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Help is marked at 20375 shall be key for in the present day’s session. Ought to this degree be violated and transformed, subsequent zone of curiosity is 20238 – 20180 zone. Worth closed under CD1 Low (20684.50) and might want to recuperate this degree to safe a optimistic 3-Day Cycle.
You Know The Plan! 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 in the present day’s buying and selling.
Bull Situation: Worth sustains a bid above 20455, initially targets 20585 – 20635 zone.
Bear Situation: Worth sustains a proposal under 20455, initially targets 20375 – 20295 zone.
PVA Excessive Edge = 20983 PVA Low Edge = 20478 Prior POC = 20680
Hyperlink to: Dynamic 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 brief aspect from Determination Pivot Ranges. Proceed to deal with Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day drive will increase possibilities of manufacturing profitable trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Understanding just isn’t sufficient, We should APPLY. Keen just isn’t sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “training 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 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 danger of loss related to buying and selling securities and choices on equities. Solely danger 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 additionally they have giant potential danger. You could concentrate on the dangers and be prepared to simply accept them with a view to put money into these markets. Don’t commerce with cash you’ll be able to’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 earnings or losses much 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
