Markets
Financial Calendar
S&P 500
Prior Session was Cycle Day 1: Worth established a brand new cycle low at 5502.75 throughout GBX session and rallied to 5565.25 – 5572.50 goal zone throughout RTH session. Given the “super-strength” of right now’s rally, this might doubtlessly become one other “super-cycle” by Cycle Day 3. Vary for ES was 67 handles on 1.240M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Worth closed close to highs of the day, so additional upside momentum targets between 5571 – 5578. Regular for CD2 can be for MATD consolidation with a continued bullish-bias on any dips. At the moment can be crammed with some key financial releases, so be ready for “snappy” reactionary worth volatility. In any other case, 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 contemplate for right now’s buying and selling.
Bull State of affairs: Worth sustains a bid above 5560, initially targets 5575 – 5585 zone.
Bear State of affairs: Worth sustains a suggestion under 5560, initially targets 5545 – 5540 zone.
PVA Excessive Edge = 5557 PVA Low Edge = 5519 Prior POC = 5533
*****The 3 Day Cycle has a 90.70% chance of fulfilling Optimistic Cycle Statistics protecting 12 years of recorded monitoring historical past.
Hyperlink to: Dynamic Vary Projections (ES) Sept (U) 2024
ES Chart
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Worth established a brand new cycle low at 19910 throughout GBX session and rallied to 20208 – 20228 goal zone throughout RTH session. Given the “super-strength” of right now’s rally, this might doubtlessly become one other “super-cycle” by Cycle Day 3. Vary for NQ was 349 handles on 607k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Worth closed close to highs of the day, so additional upside momentum targets 20294 – 20335. Regular for CD2 can be for MATD consolidation with a continued bullish-bias on any dips. At the moment can be crammed with some key financial releases, so be ready for “snappy” reactionary worth volatility. In any other case, our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us effectively, so keep the course.
Bull State of affairs: Worth sustains a bid above 20240, initially targets 20294 – 20335 zone.
Bear State of affairs: Worth sustains a suggestion under 20240, initially targets 20175 – 20160 zone.
PVA Excessive Edge = 20258 PVA Low Edge = 20053 Prior POC = 20221
Hyperlink to: Dynamic Vary Projections (NQ) Sept (U) 2024
NQ Chart
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 give attention to Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day drive will increase possibilities of manufacturing profitable trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Figuring out just isn’t sufficient, We should APPLY. Keen just isn’t sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “training 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 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’s substantial danger of loss related to buying and selling securities and choices on equities. Solely danger capital ought to 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. It’s essential to pay attention to the dangers and be keen to just accept them to be able to spend money on 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
