Markets
Earnings Deliver A Blended Bag Of Outcomes – US Market Wrap
Supply: Monetary Juice
Financial Calendar
S&P 500
Prior Session was Cycle Day 1: Worth oscillated in big selection swings fulfilling our upside goal 5629, however bulls couldn’t maintain the excessive bid. Midday “swoon” trapped late patrons driving value again to open vary territory, then again to VWAP the place value consolidated throughout afternoon hours. Lastly driving all the way down to our decrease goal 5595. Worth traversed your entire CD1 Vary fulfilling each upside and draw back targets, establishing a brand new cycle low at 5587.75.
Right here is hyperlink to PTG X Feed the place we summarize: https://x.com/PolarisTrading/standing/1815845175693894136
Vary was 42 handles on 1.334M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Worth gapped decrease after hours on tech earnings. Regular for CD2 is to ascertain some steadiness and consolidation following prior session’s exercise. Momentum favors sellers, so we’ll defer to Mr. Market till there’s a new structural shift.
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, eventualities to contemplate for right now’s buying and selling.
Bull State of affairs: Worth sustains a bid above 5585, initially targets 5600 – 5605 zone.
Bear State of affairs: Worth sustains a suggestion under 5585, initially targets 5570 – 5565 zone.
PVA Excessive Edge = 5622 PVA Low Edge = 5603 Prior POC = 5611
*****The 3 Day Cycle has a 91.67% likelihood of fulfilling Constructive Cycle Statistics overlaying 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: Worth oscillated in big selection swings simply skimming our upside goal 20093, however bulls couldn’t maintain the excessive bid. Midday “swoon” trapped late patrons driving value again to open vary territory, then again to VWAP the place value consolidated throughout afternoon hours. Lastly driving all the way down to our decrease goal 19910. Worth traversed your entire CD1 Vary fulfilling each upside and draw back targets establishing a brand new cycle low at 19902.75. Vary was 216 handles on 593k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Worth gapped decrease after hours on GOOG & TSLA earnings. Regular for CD2 is to ascertain some steadiness and consolidation following prior session’s exercise. Momentum favors sellers, so we’ll defer to Mr. Market till there’s a new structural shift.
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, eventualities to contemplate for right now’s buying and selling.
Bull State of affairs: Worth sustains a bid above 19885, initially targets 19930 – 19960 zone.
Bear State of affairs: Worth sustains a suggestion under 19885, initially targets 19795 – 19750 zone.
PVA Excessive Edge = 20015 PVA Low Edge = 19940 Prior POC = 19965
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 quick aspect from Determination Pivot Ranges. Proceed to deal with Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day pressure will increase chances of manufacturing successful 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 “training solely” and shouldn’t be seen in any manner 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 is just not essentially indicative of future outcomes. There’s substantial threat of loss related to buying and selling securities and choices on equities. Solely threat capital needs to be used to commerce. Buying and selling securities is just not appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have massive potential rewards, however additionally they have massive potential threat. You will need to concentrate on 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 suggestion to Purchase/Promote futures, choices, or currencies. No illustration is being made that any account will or is prone to obtain earnings or losses just like these mentioned on this site. The previous efficiency of any buying and selling system or methodology is just not 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
