S&P 500
Prior Session was Cycle Day 1: Regular CD1 as worth declined establishing a brand new cycle low @ 5991.75. Value exercise held inside prior day’s vary forming an “inside-consolidation day.” Vary for immediately was 43 handles on 1.360M contracts exchanged.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 11.13.24
Try the hyperlink to be taught extra concerning the Taylor 3-Day Cycle and safe your FREE TRIAL.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Value has now established a 5-day consolidation buying and selling vary (70 pts) between 5975 – 6045 and a well-defined Worth Space between 6005 – 6035. POC 6025
These respective edges will type key references for the subsequent expansionary section, as soon as the present contraction/consolidation section ends. Till then we’ll proceed to stay versatile buying and selling the continuing vary rhythms.
So with this in thoughts, our “game-play” will stay true to our self-discipline in sustaining positioning that’s aligned with market forces which continues to serve us properly, so keep the course.
As such, situations to contemplate for immediately’s buying and selling.
Bull State of affairs: Value sustains a bid above 6020, initially targets 6035 – 6040 zone.
Bear State of affairs: Value sustains a suggestion under 6020, initially targets 6010 – 6005 zone.
PVA Excessive Edge = 6039 PVA Low Edge = 6025 Prior POC = 6027
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Regular CD1 as worth declined establishing a brand new cycle low @ 21056.50. Value exercise continued with a “wide-range” consolidation day, affirming the now week-long balancing rhythms. Vary for immediately was 212 handles on 524k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Value has now established a 5-day consolidation buying and selling vary (293 pts) between 21000 – 21293 and a well-defined Worth Space between 21154 – 21235. POC = 21193
These respective edges will type key references for the subsequent expansionary section, as soon as the present contraction/consolidation section ends. Till then we’ll proceed to stay versatile buying and selling the continuing vary rhythms.
So with this in thoughts, our “game-play” will stay true to our self-discipline in sustaining positioning that’s aligned with market forces which continues to serve us properly, so keep the course.
As such, situations to contemplate for immediately’s buying and selling.
Bull State of affairs: Value sustains a bid above 21180, initially targets 21235– 21265 zone.
Bear State of affairs: Value sustains a suggestion under 21180, initially targets 21100 – 21055 zone.
PVA Excessive Edge = 21197 PVA Low Edge = 21107 Prior POC = 21157
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 Determination Pivot Ranges. Proceed to give attention to Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day power will increase chances of manufacturing successful trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Realizing is just not sufficient, We should APPLY. Keen is just not sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be seen in any manner as a advice 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 is just not essentially indicative of future outcomes. There may be substantial threat of loss related to buying and selling securities and choices on equities. Solely threat capital ought to be used to commerce. Buying and selling securities is just not appropriate for everybody.
Disclaimer: Futures, Choices, and Foreign money buying and selling all have massive potential rewards, however in addition they have massive potential threat. You need to concentrate on the dangers and be keen 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.
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 income or losses much like these mentioned on this website online. The previous efficiency of any buying and selling system or methodology is just not 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
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