S&P 500
Prior Session was Cycle Day 3: JPOW’s speech at JHOLE delivered the anticipated “snappy/trappy” volatility we referenced in prior DTS Briefing 8.23.24. Optimistic 3 Day Cycle as value traded above CD1 Low (5613.50) throughout RTH. *****The 3 Day Cycle has a 90.91% likelihood of fulfilling Optimistic Cycle Statistics masking 12 years of recorded monitoring historical past. Vary was 64 handles on 1.343M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: This session begins a brand new cycle with the first goal to discover a safe low from which to stage the subsequent rally. Bulls have uncompromised ball-control because the market enters the ultimate week of summer time buying and selling. This week is traditionally a heavy trip interval for merchants/money-managers. So this week could have “thin-to-win” buying and selling rhythms on decrease volumes.
Markets are in a “balancing-phase” following the previous two-weeks V-Sample volatility. Value has additionally traversed a number of ranges each on the way in which down and again up, so we’ll defer to Mr. Market to information us on which ranges will probably be of key curiosity this week. Our day by day plan stays unaltered. Choose Triple A+++ commerce setups with correct threat administration.
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 5650, initially targets 5670 – 5675 zone.
Bear Situation: Value sustains a suggestion beneath 5650, initially targets 5632 – 5625 zone.
PVA Excessive Edge = 5658 PVA Low Edge = 5626 Prior POC = 5650
ES Chart
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: JPOW’s speech at JHOLE delivered the anticipated “snappy/trappy” volatility we referenced in prior DTS Briefing 8.23.24. Optimistic 3 Day Cycle as value traded above CD1 Low (19771.50) throughout RTH. Vary was 312 handles on 574k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: This session begins a brand new cycle with the first goal to discover a safe low from which to stage the subsequent rally. Bulls have uncompromised ball-control because the market enters the ultimate week of summer time buying and selling. This week is traditionally a heavy trip interval for merchants/money-managers. So this week could have “thin-to-win” buying and selling rhythms on decrease volumes.
Markets are in a “balancing-phase” following the previous two-weeks V-Sample volatility. Value has additionally traversed a number of ranges each on the way in which down and again up, so we’ll defer to Mr. Market to information us on which ranges will probably be of key curiosity this week. Our day by day plan stays unaltered. Choose Triple A+++ commerce setups with correct threat administration.
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 19785, initially targets 19880 – 19905 zone.
Bear Situation: Value sustains a suggestion beneath 19785, initially targets 19705 – 19680 zone.
PVA Excessive Edge = 19833 PVA Low Edge = 19688 Prior POC = 19730
NQ Chart
Financial Calendar
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 at all times, remaining in alignment with dominant intra-day power will increase possibilities of manufacturing successful 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 “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 earnings. Previous efficiency just isn’t 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 must be used to commerce. Buying and selling securities just isn’t appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have giant potential rewards, however in addition they have giant potential threat. You should concentrate on the dangers and be prepared to simply accept them with a purpose 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 prone 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
