Pre-Bell Futures Day Trading Strategy – 9 Dec 2024
Day Trading Strategy Report
This report provides a detailed intraday strategy for trading major futures contracts, incorporating technical analysis, foundational insights, and actionable scenarios. Here's the structured overview:
Market Overview
Economic Calendar Highlights:
Low-impact events today include Treasury auctions and business indices. Monitor any unexpected updates for volatility.
Market Sentiment:
Equity indices are cautiously optimistic with mixed signals in commodities and metals, as traders await clearer economic indicators(Market Sentiment).
Technical Insights
Key metrics extracted for each futures contract:
1. ES=F (S&P 500 Futures)
Price: 6077.00
RSI: 39.53 (Bearish Zone)
MACD: -0.07 (Downtrend Signal)
ATR: 1.66 (Moderate Volatility)
Bollinger Bands: Upper: 6079.98, Lower: 6074.15
Pivot: 6077.00; Support: 6076.50; Resistance: 6077.50
Strategy:
Bullish: Buy above 6077.50; Target: 6080.00; Stop Loss: 6075.50.
Bearish: Sell below 6076.50; Target: 6074.00; Stop Loss: 6078.50.
Volatility Insights
ATR Levels indicate moderate to high volatility for equity futures, suggesting opportunities for quick trades with tight stops.
Bollinger Bands confirm narrowing ranges in GC=F, suitable for breakout strategies.
Likelihood and Trade Ratings
ES=F: Moderate Success (RSI and MACD aligning with short-term trends)
NQ=F: High Success (Uptrend confirmed with strong MACD)
YM=F: High Bearish Success (Oversold RSI with strong downtrend MACD)
GC=F: Low Risk (Neutral bias; wait for breakouts)
RTY=F Bearish Setup: High potential due to alignment of RSI, MACD, and moderate ATR.
ZN=F Bullish Setup: High potential with supportive RSI and range-bound trend.
CL=F Bearish Setup: Moderate potential as low ATR supports short-term trades.
ZB=F Both Setups: Moderate potential for range-bound trades; low ATR and neutral indicators limit movement.
Day Trading Strategy Disclaimer
The content provided in this blog, including day trading strategies, technical analysis, and market insights, is for informational and educational purposes only. The information should not be construed as financial advice, investment recommendations, or an endorsement of any trading strategy. Trading futures, options, and other financial instruments carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results.
You should thoroughly evaluate your financial situation and risk tolerance before engaging in any trading activities. It is advised that you consult with a licensed financial advisor or professional who can provide personalized investment advice tailored to your individual needs.
The author and publisher of this blog do not guarantee the accuracy, completeness, or timeliness of the information and will not be liable for any losses or damages, including, but not limited to, any loss of profit or investment, which may arise directly or indirectly from the use of or reliance on such information. By using this blog, you acknowledge and accept these terms and any inherent risks associated with trading.
Risk Warning: Leveraged trading can result in losses that exceed your initial investment. Please trade responsibly.
