S&P 500
Prior Session was Cycle Day 3: Markets notched a unfavourable week as long-liquidation put up FOMC and Presidential Election have now accomplished round-trip. All through final week DTS Briefing has been guiding our neighborhood to be aware of potential decline.
“Danger of sharp pullback/decline is now elevated given impactful information occasions (Election…FOMC) are actually within the rearview mirror. Revenue-taking turns into an actual risk ought to the FOMO patrons determine to take a step again.”
As sharp as this previous weeks decline was, worth has solely retreated roughly 50% of 11/4 – 11/8 week with worth holding the 5 EMA @ 5900. IF this a “garden-variety” decline simply relieving the “election-excitement”, THEN we ought to be anticipating the BTFD crowd to step-in quickly.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 11.15.24
Take a look at the hyperlink to study extra in regards to the Taylor 3-Day Cycle and safe your FREE TRIAL.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Earlier session’s decline has fulfilled the CD1 Low common decline projection, so we’ll be monitoring worth motion rigorously for indicators of potential reversal/brief squeeze state of affairs.
Ought to a retest of CD3 Low unfold, be aware for potential Look Beneath and Fail/Reversal (i.e. Whiplash Commerce). As on the way in which down the place ranges have been damaged, so can be on the way in which again up. Market can be looking for zonal acceptance stability.
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 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 5890, initially targets 5915 – 5930 zone.
Bear State of affairs: Worth sustains a proposal under 5890, initially targets 5875 – 5855 zone.
PVA Excessive Edge = 5915 PVA Low Edge = 5880 Prior POC = 5891
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: NAZ has declined again into October’s multi-composite Level of Management (20440), so this week can be decisive on whether or not the BTFD crowd returns to discount looking. Prior session vary was 576 handles on 673K contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Earlier session’s decline has fulfilled the CD1 Low common decline projection, so we’ll be monitoring worth motion rigorously for indicators of potential reversal/brief squeeze state of affairs.
Ought to a retest of CD3 Low unfold, be aware for potential Look Beneath and Fail/Reversal (i.e. Whiplash Commerce). As on the way in which down the place ranges have been damaged, so can be on the way in which again up. Market can be looking for zonal acceptance stability.
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 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 20500, initially targets 20670– 20705 zone.
Bear State of affairs: Worth sustains a proposal under 20500, initially targets 20405 – 20325 zone.
PVA Excessive Edge = 20674 PVA Low Edge = 20406 Prior POC = 21496
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 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 power will increase possibilities of manufacturing profitable trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Understanding shouldn’t be sufficient, We should APPLY. Keen shouldn’t be sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “training 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 earnings. Previous efficiency shouldn’t 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 ought to be used to commerce. Buying and selling securities shouldn’t be appropriate for everybody.
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