S&P 500
Prior Session was Cycle Day 3: Markets continued this cycle’s rally fulfilling the 5915.25 3 Day Cycle Goal which had a 95% likelihood of feat, as proven on the subscriber spreadsheet beneath. Prior vary was 68 handles on 841k contracts exchanged. For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 10.14.24
Try the hyperlink to be taught extra concerning the Taylor Cycle and safe your FREE TRIAL.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Market closed close to their All-Time Highs; As such, momentum might push worth larger earlier than the following decline unfolds with the common measuring 5883.
Key for in the present day will probably be 5915 which is a key excessive going again to July low (5564) to August excessive (5662) channel wedge line. Yesterday’s rally was on considerably decrease quantity that may very well be a results of Banks and Bonds being closed, or maybe the shopping for tank is nearing empty. We’ll depart that kind of hypothesis and the read-through to the “bobble-heads.
Our job #1 is to learn worth motion and keep aligned with the course that Mr. Market will lead for us and never query the rationale.
We’ll be keying off the 5895 – 5915 zone for both continuation larger or for a corrective decline decrease. Between these ranges worth can proceed to consolidate filling out the profile earlier than the following directional transfer.
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 think about for in the present day’s buying and selling.
Bull State of affairs: Worth sustains a bid above 5915, initially targets 5925 – 5930 zone.
Bear State of affairs: Worth sustains a suggestion beneath 5895, initially targets 5885 – 5875 zone.
PVA Excessive Edge = 5913 PVA Low Edge = 5894 Prior POC = 5909
ES (Chart Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Markets continued this cycle’s rally to 20665, closing close to highs of the day on Financial institution and Bond vacation commerce. Prior vary was 296 handles on 385k contracts exchanged. For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 10.14.24
Try the hyperlink to be taught extra concerning the Taylor Cycle and safe your FREE TRIAL.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Market closed close to their highs, as such, momentum might push worth larger earlier than the following decline unfolds with the common measuring 20558.
Key for in the present day will probably be 20655 P-VAH. Yesterday’s rally was on considerably decrease quantity that may very well be a results of Banks and Bonds being closed, or maybe the shopping for tank is nearing empty. We’ll depart that kind of hypothesis and the read-through to the “bobble-heads.
Our job #1 is to learn worth motion and keep aligned with the course that Mr. Market will lead for us and never query the rationale.
We’ll be keying off the 20655 – 20585 zone for both continuation larger or for a corrective decline decrease. Between these ranges worth can proceed to consolidate filling out the profile earlier than the following directional transfer.
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 think about for in the present day’s buying and selling.
Bull State of affairs: Worth sustains a bid above 20655, initially targets 20700– 20725 zone.
Bear State of affairs: Worth sustains a suggestion beneath 20585, initially targets 20560 – 20540 zone.
PVA Excessive Edge = 20650 PVA Low Edge = 20558 Prior POC = 20610
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 aspect from Resolution Pivot Ranges. Proceed to deal with 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
“Understanding shouldn’t be sufficient, We should APPLY. Prepared shouldn’t be sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “training solely” and shouldn’t be considered in any means 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 shouldn’t be essentially indicative of future outcomes. There’s 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 shouldn’t be appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have giant potential rewards, however in addition they have giant potential threat. You have to concentrate on the dangers and be keen to simply accept them with a view 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 just like these mentioned on this website. 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
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