Markets
Supply: cnbc.com
Financial Calendar
S&P 500
Prior Session was Cycle Day 1: Liquidation promoting that had begun on Cycle Day 3 continued to spill-over into at this time’s session, which fulfilled CD1 Violation Degree and established a brand new Cycle Low at 5570.25. Vary was 93 handles on 2.433M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Regular for CD2 is to ascertain some stability and consolidation following prior session’s steep decline. Vary has expanded with enhance in volatility so keep vigilant and disciplined along with your commerce administration. In the present day can be OPEX, which is a possible driver of commerce exercise.
You Know The Plan! Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us effectively, so keep the course.
As such, situations to think about for at this time’s buying and selling.
Bull Situation: Worth sustains a bid above 5615 (KEY PIVOT), initially targets 5625 – 5630 zone.
Bear Situation: Worth sustains a suggestion under 5615 (KEY PIVOT), initially targets 5595 – 5590 zone.
PVA Excessive Edge = 5630 PVA Low Edge = 5570 Prior POC = 5594
*****The 3 Day Cycle has a 91.49% likelihood of fulfilling Constructive Cycle Statistics masking 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 1: Liquidation promoting that had begun on Cycle Day 3 continued to spill-over into at this time’s session, which fulfilled D-Degree Cash Field Goal Zone and established a brand new Cycle Low at 19758.75. Vary was 403 handles on 951k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Regular for CD2 is to ascertain some stability and consolidation following prior session’s steep decline. Vary has expanded with enhance in volatility so keep vigilant and disciplined along with your commerce administration. In the present day can be OPEX, which is a possible driver of commerce exercise.
You Know The Plan! Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us effectively, so keep the course.
As such, situations to think about for at this time’s buying and selling.
Bull Situation: Worth sustains a bid above 19965, initially targets 20045 – 20095 zone.
Bear Situation: Worth sustains a suggestion under 19965, initially targets 19870 – 19830 zone.
PVA Excessive Edge = 20031 PVA Low Edge = 19771 Prior POC = 19831
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 give attention to Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day power will increase chances of manufacturing successful trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Realizing shouldn’t be sufficient, We should APPLY. Keen shouldn’t be sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “training solely” and shouldn’t be seen in any means 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 earnings. Previous efficiency shouldn’t be 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 shouldn’t be appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have giant potential rewards, however additionally they have giant potential threat. You need to concentrate on the dangers and be keen to just accept them with a view 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 suggestion 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 shouldn’t 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
