S&P 500
Buying and selling Plan for Cycle Day 2 (Pre-FOMC Assertion)
Market Context:
- Earlier Day: Worth motion adopted “Stage-to-Stage” buying and selling, with key vary boundaries examined and revered per DTS Briefing 9.16.24
- Cycle Low: Established at 5669.50—this stage is essential as a benchmark for future rallies.
- Contract Rollover: Anticipate lowered volatility and quantity focus, with merchants doubtlessly staying cautious forward of the FOMC Assertion.
Key Ranges:
- Assist Zone:
- 5669.50 (Cycle Low)
- 5675 (Decrease goal in Bear situation)
- Resistance Zone:
- 5707 – 5712 (Bull Situation goal)
- Key Pivot:
- 5690 (Line within the sand for right now’s path)
Based mostly on the worth motion throughout Cycle Day 1, the important thing ranges have been established for right now’s buying and selling session.
Cycle Day 2 Expectations:
- New Cycle Low: Established at 5669.50, this turns into the benchmark for future rallies.
- Contract Rollover Exercise: Anticipation of extra rollovers as merchants await the FOMC Assertion on Wednesday, which might maintain volatility considerably muted.
Key Eventualities for Right now:
Bull Situation:
-
- Worth wants to carry above 5690.
- Speedy targets are within the 5707 – 5712 zone.
Bear Situation:
-
- Worth falls and sustains under 5690.
- First targets are 5680 – 5675.
Given the broader context, it’s important to stay cautious and let the market verify both situation earlier than taking a place. The FOMC assembly is usually a important driver for market shifts, so right now’s motion might function a precursor for extra volatility midweek.
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us nicely, so keep the course.
PVA Excessive Edge = 5703 PVA Low Edge = 5683 Prior POC = 5696
ES Chart (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Contract Rollover saved a lid on volatility as volumes had been cut up between Sept. & Dec. contracts. Worth explored “Stage-to-Stage” (19536 – 19753) POC vary edges. Vary was 255 handles on 266k (Z) contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Worth established a brand new Cycle Low at 19529, which will likely be used because the benchmark for the subsequent rally. For right now’s session, expectation will likely be for extra contract-roll motion as merchants are in a “holding-pattern” prematurely of the FOMC Assertion and Presser on Wednesday.
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 Situation: Worth sustains a bid above 19660, initially targets 19754 – 19785 zone.
Bear Situation: Worth sustains a suggestion under 19660, initially targets 19590 – 19550 zone.
PVA Excessive Edge = 19690 PVA Low Edge = 19590 Prior POC = 19664
NQ Chart (Profile)
Financial Calendar
Commerce Technique: Our tactical commerce technique will merely stay unaltered…We’ll be versatile to commerce each lengthy and brief facet from Resolution Pivot Ranges. Proceed to concentrate on Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day power will increase chances of manufacturing successful trades.
Keep Targeted…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 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 the usage of this technique or any system or buying and selling methodology will generate income. 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 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 danger. You will need to pay attention to the dangers and be prepared to simply accept them with a purpose to spend money on these markets. Don’t commerce with cash you’ll be able to’t afford to lose.
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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
