Tuesday’s Session was
Cycle Day 2 (CD2): Price violated CD1 Low (4141.75) with a continuation trend lower during RTH fulfilling 4115, “down-range” objective. Range was 56.75 handles on 1.661M contracts exchanged.
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This leads us into
Cycle Day 3 (CD3): Price is currently well below CD1 Low (4141.75) and typically has strong odds of recovering this level during Cycle Day 3 trading. Failure to recover would be marked as a “Statistical Cycle Failure” which only occurs 9% of the time tracked over twelve years of data. As such estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 4123, initially targets 4137 – 4142 zone.
2.) Price sustains an offer below 4123, initially targets 4110 – 4103 zone.
Tuesday’s Session was
Cycle Day 3 (CD3): Price consolidated throughout the session before pushing higher to All-Time Contract High. Price settled above its Value Area High (4132.25). Range was 38.50 handles on 1.04M contracts exchanged.
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This leads us into Cycle Day 1 (CD1): Normal for CD1 is an expectation of a decline measuring an average of 4088. Volatility Index (VIX) has registered a reading with a 16 handle, as bulls are solidly in control, so any decline may be relatively shallow. As such, estimated scenarios to consider for today’s trading:
1.) Price sustains a bid above 4132, initially targets 4140 – 4144 zone.
2.) Price sustains an offer below 4132, initially targets 4124 – 4115 zone.
Tuesday’s Session was
Cycle Day 1 (CD1): Price only produced a shallow decline (4052.25) during the overnight session, while RTH experienced a bit more confusion on direction after hitting early session highs. Range was 23.75 handles on 1.233M contracts exchanged.
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This leads us into Cycle Day 2 (CD2): Expectation for this cycle day is more consolidation, perhaps with a wider range should volatility increase. Volatility Index (VIX) has been hovering with an 18 handle, which makes for intra-day trading challenging with narrowing of the range. As such estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 4060, initially targets 4075 – 4080 zone.
2.) Price sustains an offer below 4060, initially targets 4050 – 4045 zone.
Tuesday’s Session was
Cycle Day 1 (CD1): Price continued in rally-mode until excess momentum fulfilled Cycle Penetration objectives, then reversing direction, selling down to yesterday’s late day breakout (3943), and finally settling neutral mid-range. Range was 28 handles on 1.332M contracts exchanged.
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This leads us into Cycle Day 2 (CD2): Having closed mid-range, typical price action expected would be for continued consolidation of recent rally. As such, there are two estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 3960, initially targets 3970 – 3975 zone.
2.) Price sustains an offer below 3960, initially targets 3950 – 3945 zone.
3 Day Cycle has a 91% probability of fulfilling Positive Statistic covering 12 years of recorded tracking history.
Tuesday’s Session was
Cycle Day 2 (CD2): Price consolidation during Globex Session led to continuation rally during RTH Session fulfilling CD2 Penetration Objective. Late day profit-taking pushed price to close near Value Area Low (3871). Range was 75 handles on 1.627M contracts exchanged.
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This leads us into Cycle Day 3 (CD3): Cycle Targets have been fulfilled, so as such the decline can begin at any time. We’ll mark today as a “wild-card”, as price is free to move in any direction. As such, there are two estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 3875, initially targets 3890 – 3900 zone.