S&P 500
Prior Session was Cycle Day 1: September is traditionally a weak month and if the primary full buying and selling session is a barometer, grasp on for the trip. Markets are again on the defensive following a 10-day lateral consolidation interval to shut out the summer season, as sellers struck exhausting and decisively all through the day, notably when our goal / help zone (5630 – 5620) broke, closing close to lows. Vary expanded to 153 handles on 1.696M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Cycle Low is now in-place at 5516.75 and this shall be our benchmark for the following rally. Given the momentum weak spot in prior session, the perfect case the bulls can hope for is a aid rally and stabilization above the cycle low. Worse case is continuation of liquidation till sellers are “flushed-out” and the BTFD crowd returns. Usually pattern days are adopted by MATD rhythms for Cycle Day 2, so we’ll be anticipating this for right this moment’s motion, however remaining versatile to Mr. Market’s needs.
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us properly, so keep the course.
As such, eventualities to think about for right this moment’s buying and selling.
Bull Situation: Value sustains a bid above 5525, initially targets 5555 – 5565 zone.
Bear Situation: Value sustains a proposal beneath 5525, initially targets 5515 – 5510 zone.
PVA Excessive Edge = 5598 PVA Low Edge = 5532 Prior POC = 5583
ES Chart
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: September is traditionally a weak month and if the primary full buying and selling session is a barometer, grasp on for the trip. Markets are again on the defensive following a 10-day lateral consolidation interval to shut out the summer season. Sellers struck exhausting and decisively all through the day, closing close to lows. Vary expanded to 772 handles on 615k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Cycle Low is now in-place at 18911 and this shall be our benchmark for the following rally. Given the momentum weak spot in prior session, the perfect case the bulls can hope for is a aid rally and stabilization above the cycle low. Worse case is continuation of liquidation till sellers are “flushed-out” and the BTFD crowd returns. Usually pattern days are adopted by MATD rhythms for Cycle Day 2, so we’ll be anticipating this for right this moment’s motion, however remaining versatile to Mr. Market’s needs.
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us properly, so keep the course.
As such, eventualities to think about for right this moment’s buying and selling.
Bull Situation: Value sustains a bid above 18950, initially targets 19046 – 19108 zone.
Bear Situation: Value sustains a proposal beneath 18950, initially targets 18870 – 18850 zone.
PVA Excessive Edge = 19346 PVA Low Edge = 18911 Prior POC = 19046
NQ Chart
Financial Calendar
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 deal with Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day power will increase chances of manufacturing profitable trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Figuring out isn’t sufficient, We should APPLY. Prepared isn’t sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be seen in any means 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 earnings. Previous efficiency isn’t 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 isn’t 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 will need to pay attention to 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 proposal 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 website online. The previous efficiency of any buying and selling system or methodology 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
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