S&P 500
Prior Session was Cycle Day 2: Textbook (CD2) as worth examined each the upside and draw back zone edges outlined within the prior DTS Briefing 8.27.24. As worth volatility continues to contract throughout this “end-of-summer” balancing section, the important thing Fulcrum Stage has been 5630 deal with.
Member Libby71 identified that by using the Anchored VWAP (video) from the August twenty second low worth has outlined the present balancing vary fantastically.(see right this moment’s chart screenshot). Vary was 38 handles on 965k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Worth is at present above the Cycle Day 1 Low (5619.75), so expectation is for satisfaction of the three Day Cycle statistic, which has a 90% historic monitoring that P > CD1 Low on CD3. There continues to be excessive potential for worth to interrupt greater fulfilling cycle vary goal (5675).
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 right this moment’s buying and selling.
Bull Situation: Worth sustains a bid above 5650, initially targets 5665 – 5675 zone.
Bear Situation: Worth sustains a proposal under 5630, initially targets 5615 – 5605 zone.
PVA Excessive Edge = 5648 PVA Low Edge = 5632 Prior POC = 5643
ES Chart
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Textbook (CD2) as worth examined each the upside and draw back zone edges outlined within the prior DTS Briefing 8.27.24. As worth volatility continues to contract throughout this “end-of-summer” balancing section, the important thing Fulcrum Stage is 19650 deal with. Vary was 252 handles on 433k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Worth is at present above the Cycle Day 1 Low (19505.75), so expectation is for satisfaction of the three Day Cycle statistic, which has a 90% historic monitoring that P > CD1 Low on CD3. There continues to be excessive potential for worth to interrupt greater fulfilling cycle vary goal (19778).
BIG Occasion for this session is NVDA earnings launch after the closing bell. So pay shut consideration to todays market rhythm for directional expansionary lean.
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 right this moment’s buying and selling.
Bull Situation: Worth sustains a bid above 19650, initially targets 19745 – 19780 zone.
Bear Situation: Worth sustains a proposal under 19650, initially targets 19550 – 19520 zone.
PVA Excessive Edge = 19686 PVA Low Edge = 19582 Prior POC = 19644
NQ Chart
Financial Calendar
Commerce Technique: Our tactical commerce technique will merely stay unaltered…We’ll be versatile to commerce each lengthy and quick facet from Choice 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 Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Realizing will not be sufficient, We should APPLY. Keen will not be sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be seen in any method 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 will not be essentially indicative of future outcomes. There’s substantial danger of loss related to buying and selling securities and choices on equities. Solely danger capital must be used to commerce. Buying and selling securities will not be 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 need to concentrate on the dangers and be prepared to simply accept them with a view to spend money on these markets. Don’t commerce with cash you possibly can’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 site. The previous efficiency of any buying and selling system or methodology will not 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
