TRADE SETUPS RELEASED TO MEMBERS PRIOR TO THE DAY’S OPEN –

ALL TIMES NOTED ARE EASTERN TIME ZONE

CONSIDERATIONS FOR Aug 7, 2017 –

RECAP

  • CANDLE TIMES NOTED FOR POSITIVE OR FAILED RETESTS ARE IN REFERENCE TO THE 30MIN TIME FRAME
  • MOMENTUM REMAINS POSITIVE TO NEUTRAL
  • RANGES CONTINUE TO TIGHTEN CREATING LESSER RANGES FOR PROFIT
  • SUPPORTS HOLD; IN GENERAL, HIGHER AS RESISTANCE IS TESTED AND HOLDS
  • SETS UP A BULLISH UNDERCURRENT POSSIBLE FOR TOMORROW

 

TRADE SETUPS

***E-mini S&P Futures*** 

TOTAL NUMBER OF TRADES TRIGGERED: 4

TOTAL TICKS POSSIBLE FROM TRIGGERS BELOW: 10

10 TICKS AT $12.5 PER TICK YIELDS POTENTIAL $125 PER CONTRACT

***Upside trades – 

  • Positive retest of continuation level -2476 (POSITIVE RETESTS OCCURRED AT 12:30PM, 1:30PM, 2PM, 3PM INTO 1ST TARGET) – FIRST TWO TRIGGER TIMES DID NOT GET TO THE FIRST TARGET, BUT THE SECOND TWO TRIGGER TIMES DID
  • Positive retest of support level– 2471.5 (NO TESTS OCCURRED DURING REGULAR TRADING HOURS) – NOTE THIS GIVES US A BULLISH CAST TO FUTURE MOTION TOMORROW
  • Opening targets ranges-  2472.25, 2473.5, 2475.25, 2477.25

***Downside trades –

  • Failed retest of resistance level -2472 (NO TESTS OCCURRED DURING REGULAR TRADING HOURS)
  • Failed retest of support level– 2469 (NO TESTS OCCURRED DURING REGULAR TRADING HOURS)
  • Opening target ranges–….

 

 

TRADE SETUPS

***NASDAQ Futures***

TOTAL NUMBER OF TRADES TRIGGERED: 2

TOTAL TICKS POSSIBLE FROM TRIGGERS BELOW: 80

80 TICKS AT $5 PER TICK YIELDS POTENTIAL $400 PER CONTRACT

***Upside trades – 

  • Positive retest of continuation level -5912.5  (POSITIVE RETESTS OCCURRED AT 10:00AM AND 10:30AM INTO 5TH TARGET)
  • Positive retest of support level– 5900.25 (NO TESTS OCCURRED DURING REGULAR TRADING HOURS) …MISSED THIS GREAT ENTRY BY 1 TICK BUT THE TRADER COULD HAVE TAKEN IT AT THE TARGET ABOVE 5902.25
  • Opening target ranges  – 5902.25, 5907.75, 5910.25, 5916.5, 5920.75, 5923.75, 5928.75, 5932.5….

***Downside trades-

  • Failed retest of resistance level -5920 (NO FAILED TESTS OCCURRED DURING REGULAR TRADING HOURS)
  • Failed retest of support level– 5893 (NO TESTS OCCURRED DURING REGULAR TRADING HOURS)
  • Opening target ranges – ….

 

TRADE SETUPS

***Mini DJIA Futures***

TOTAL NUMBER OF TRADES TRIGGERED: 2

TOTAL TICKS POSSIBLE FROM TRIGGERS BELOW: 37

37 TICKS AT $5 PER TICK YIELDS POTENTIAL $185 PER CONTRACT

***Upside trades –

  • Positive retest of continuation level -22036  (POSITIVE RETESTS OCCURRED AT 9:30AM AND 11:30AM INTO 2ND TARGETS)
  • Positive retest of support level– 21973 (NO TESTS OCCURRED DURING REGULAR TRADING HOURS)
  • Opening targets ranges-   21984, 22000, 22019, 22034, 22047, 22062,…

***Downside trades – 

  • Failed retest of resistance level -22052  (NO FAILED RETESTS OCCURRED DURING REGULAR TRADING HOURS)
  • Failed retest of support level– 22018  (NO FAILED RETESTS OCCURRED DURING REGULAR TRADING HOURS)
  • Opening target ranges –  22036, 22021, 22008, 21996, 21989, 21970, 21960, 21946, 21931, 21921, 21913, 21886, 21863, 21845, 21822, 21809, 21788, 21775, 21760, 21749, 21734, 21712, 21692, 21675, 21664, 21634, 21619, 21600, 21584, 21572, 21552

 

TRADE SETUPS

***Oil –WTI Crude***

TOTAL NUMBER OF TRADES TRIGGERED: 5

TOTAL TICKS POSSIBLE FROM TRIGGERS BELOW: 103

103 TICKS AT $10 PER TICK YIELDS POTENTIAL $1030 PER CONTRACT

***Upside trades –

  • Positive retest of continuation level -49.27  (POSITIVE RETEST OCCURRED AT 2PM INTO 1ST TARGET)
  • Positive retest of support level– 48.8  (POSITIVE RETESTS OCCURRED AT 12NOON INTO 3RD TARGETS)
  • Opening target ranges –   49.08, 49.26, 49.34….

***Downside trades- 

  • Failed retest of resistance level -49.17 (FAILED RETESTS OCCURRED AT 10:30AM AND 1:30PM – THE SECOND ENTRY DID NOT MAKE IT TO FIRST TARGET – STOP WOULD BE THE BREACH OF 49.27)
  • Failed retest of support level– 48.77  (FAILED RETEST OCCURRED AT 11AM INTO 1ST TARGET)
  • Opening target ranges– 49.01, 48.88, 48.78, 48.65,…..