S&P 500
Prior Session was Cycle Day 3: Optimistic Three-Day Cycle as worth rallied to meet the 5750 goal on the heels of a 50 bps price reduce by Uncle Jay. Please evaluate prior DTS Briefing 9.18.24 the place we outlined the FOMC Buying and selling Technique, with all the important thing ranges wanted to be ready for the BIG occasion. Vary was 80 handles on 1.445M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: At the moment begins a brand new Cycle with the typical Decline measuring (5669). Value is buying and selling on the higher edge multi-day composite worth space marked by 5680 decrease edge and 5715 higher edge. Mr. Market will now want to soak up the implications of the 50 bps price reduce and resolve which directional breakout it’s going to select. Within the meantime, we’ll proceed to conduct our each day buying and selling a ordinary, specializing in core structural patterns with favorable reward-to-risk alternatives.
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 now’s buying and selling.
Bull Situation: Value sustains a bid above 5715, initially targets 5735 – 5740 zone.
Bear Situation: Value sustains a suggestion beneath 5700, initially targets 5685 – 5680 zone.
PVA Excessive Edge = 5711 PVA Low Edge = 5681 Prior POC = 5700
ES Chart (Multi-Day Composite Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Optimistic Three-Day Cycle as worth rallied to meet the 19890 CD3 Penetration goal zone in addition to 19596 – 19548 decrease goal zone as outlined within the prior DTS Briefing 9.18.24. Completely good Degree-2-Degree vary edge parameters to assist our merchants navigate the unstable FOMC craziness. Vary was 342 handles on 507k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: At the moment begins a brand new Cycle with the typical Decline measuring (19560). Value is buying and selling on the higher edge the multi-day composite worth space marked by 19570 decrease edge and 19750 higher edge. Mr. Market will now want to soak up the implications of the 50 bps price reduce and resolve which directional breakout it’s going to select. Within the meantime, we’ll proceed to conduct our each day buying and selling a ordinary, specializing in core structural patterns with favorable reward-to-risk alternatives.
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 now’s buying and selling.
Bull Situation: Value sustains a bid above 19750, initially targets 19840 – 19900 zone.
Bear Situation: Value sustains a suggestion beneath 19660, initially targets 19570 – 19535 zone.
PVA Excessive Edge = 19734 PVA Low Edge = 19602 Prior POC = 19702
NQ Chart (Goal Grasp)
Financial Calendar
Commerce Technique: Our tactical commerce technique will merely stay unaltered…We’ll be versatile to commerce each lengthy and brief aspect 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 pressure will increase possibilities 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. Prepared will not be sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be seen 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 income. 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 needs to be used to commerce. Buying and selling securities will not be appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have giant potential rewards, however in addition they have giant potential danger. It’s essential to concentrate on the dangers and be prepared to just accept them with a purpose to put money into these markets. Don’t commerce with cash you possibly can’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 income or losses much like these mentioned on this website. 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
