Markets
Financial Calendar
S&P 500
Prior Session was Cycle Day 2: Value prolonged this cycle’s rally by fulfilling 5627.50 main 3 Day Cycle Goal and backing n filling in Regular CD2 style between our 5615 (LIS) and 5635 – 40 (preliminary goal zone) outlined in prior DTS Briefing 7.8.24. Vary for ES was 26 handles on 911k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Main Cycle Goal (5627.50) has been achieved, although additional upside stays open ought to “da bulls” really feel decided. First structural help zone is marked between 5610 – 5615, with Second and extra key structural help marked at 5585. We’ll keep constructive bias IF/WHEN/UNTIL decrease helps start to indicate cracks. Lastly, so long as worth trades above CD1 Low (5585), Optimistic 3-Day Cycle will likely be happy.
You Know The Plan! Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us properly, so keep the course.
As such, eventualities to contemplate for at this time’s buying and selling.
Bull Situation: Value sustains a bid above 5625, initially targets 5635 – 5640 zone.
Bear Situation: Value sustains a suggestion under 5625, initially targets 5615 – 5610 zone.
PVA Excessive Edge = 5629 PVA Low Edge = 5619 Prior POC = 5625
*****The 3 Day Cycle has a 90.91% chance 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: Value prolonged this cycle’s rally by fulfilling 20670 outlined in prior DTS Briefing 7.8.24. Regular Cycle Day 2 “balancing-day” unfolded fantastically. Vary for NQ was 108 handles on 489k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Main Cycle Goal (20508) has been achieved, although additional upside stays open ought to “da bulls” really feel decided. First structural help zone is marked at 20579, with Second and extra key structural help marked at 20361. We’ll keep constructive bias IF/WHEN/UNTIL decrease helps start to indicate cracks. Lastly, so long as worth trades above CD1 Low (20361), Optimistic 3-Day Cycle will likely be happy.
You Know The Plan! Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us properly, so keep the course.
Bull Situation: Value sustains a bid above 20670, initially targets 20715 – 20730 zone.
Bear Situation: Value sustains a suggestion under 20670, initially targets 20645 – 20625 zone.
PVA Excessive Edge = 20645 PVA Low Edge = 20600 Prior POC = 20635
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 facet 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 chances of manufacturing successful trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Realizing just isn’t sufficient, We should APPLY. Prepared 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 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 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 ought 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 just accept them with a purpose to spend money on 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 earnings or losses just 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
