S&P 500
Prior Session was Cycle Day 1: Value established this cycle’s low at 5561.25 in the course of the GBX opening vary, then started a continuous rally straight into RTH, finally fulfilling the 5653 Three-Day Cycle Goal. Afternoon liquidity break settled worth primarily close to the weekly midpoint (5620). Vary was 65 handles on 1.238M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Last day for the official summer season, as merchants look forward to the lengthy Labor Day weekend. August is “in-the-books”, so expectation for this session shall be “thin-to-win” rhythms, provided that worth is sitting mid-zone of the weekly vary.
Being a Cycle Day 2 (CD2) regular expectation shall be for balancing inside the current parameters between 5665 – 5575. Plenty of room to maneuver ought to the ALGO’s need to “run-wild”, so be prudent together with your buying and selling.
FRYDAY…END OF MONTH = CAPITAL PRESERVATION DAY!
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 think about for at present’s buying and selling.
Bull Situation: Value sustains a bid above 5620, initially targets 5640 – 5645 zone.
Bear Situation: Value sustains a proposal beneath 5620, initially targets 5600 – 5595 zone.
PVA Excessive Edge = 5662 PVA Low Edge = 5619 Prior POC = 5633
ES Chart
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Value established this cycle’s low at 19140.25 in the course of the GBX opening vary, then started a continuous rally straight into RTH, finally fulfilling the 19580.50 Three-Day Cycle Goal. Afternoon liquidity break settled worth primarily close to the weekly midpoint (19440). Vary was 553 handles on 457k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Last day for the official summer season, as merchants look forward to the lengthy Labor Day weekend. August is “in-the-books”, so expectation for this session shall be “thin-to-win” rhythms, provided that worth is sitting mid-zone of the weekly vary.
Being a Cycle Day 2 (CD2) regular expectation shall be for balancing inside the current parameters between 5665 – 5575. Plenty of room to maneuver ought to the ALGO’s need to “run-wild”, so be prudent together with your buying and selling.
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 think about for at present’s buying and selling.
Bull Situation: Value sustains a bid above 19454, initially targets 19560 – 19600 zone.
Bear Situation: Value sustains a proposal beneath 19454, initially targets 19304 – 19266 zone.
PVA Excessive Edge = 19692 PVA Low Edge = 19454 Prior POC = 19545
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 Determination Pivot Ranges. Proceed to give attention to Bull/Bear Stackers and Premium/Reductions. As all the time, 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
“Realizing shouldn’t be sufficient, We should APPLY. Keen shouldn’t be 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 the usage of 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 danger of loss related to buying and selling securities and choices on equities. Solely danger capital needs 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 massive potential rewards, however additionally they have massive potential danger. You need to pay attention to the dangers and be keen to just accept them in an effort to put money into these markets. Don’t commerce with cash you’ll be able to’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 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 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
