The Pattern Trapper
July 1st 03, 01:46 AM
Pattern Trapper Bi-Weekly Report for trading on Tuesday, July 1, 2003
The Pattern Trapper Bi-Weekly Report identifies important conditions and
significant price levels for trading the S&P 500, Nasdaq 100, and T-Bond
futures markets on Tuesday and Thursday of each week. The publication deadline
is 9:00PM Central Time on the evening before the targeted trading day. The
service is free. You can register to receive the report at
http://www.PatternTrapper.com/ReportRequest.shtml
================================================== ======
SEPTEMBER S&P 500
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PATTERN SIGNALS - an automated pattern recognition process which identifies
today's most likely market scenario based on recent price behavior.
NR4 Signal - narrowest range of the last four days.
Range expansion and a pickup in volatility is likely. Aggressive traders can
trade the break of the prior day 982.80 high and 971.10 low levels.
Conservative traders should wait for the first retracement after the breakout.
LOW RANGE CLOSE Signal
80-85% chance that today's low will be less than yesterday's.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PIVOT SYSTEM S&R LEVELS - used on the floor to determine relative value based
on prior day price action. Significant shifts in market psychology often occur
near these levels.
R3: 994.50
R2: 987.43
R1: 980.37
DP: 975.73
S1: 968.67
S2: 964.03
S3: 956.97
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
DAILY RANGE PROJECTION LEVELS - This market will tend to trade within the
Normal High/Low Range as noted below. If exceeded, use the Extended Range.
High Extend: 983.62
High Normal: 979.15
Low Normal: 967.45
Low Extend: 962.98
================================================== ======
SEPTEMBER Nasdaq 100
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PATTERN SIGNALS - an automated pattern recognition process which identifies
today's most likely market scenario based on recent price behavior.
NR4 Signal - narrowest range of the last four days.
INSIDE DAY Signal - trading range within the range of the prior day.
Range expansion and a pickup in volatility is likely. Aggressive traders can
trade the break of the prior day 1222.00 high and 1201.00 low levels.
Conservative traders should wait for the first retracement after the breakout.
LOW RANGE CLOSE Signal
80-85% chance that today's low will be less than yesterday's.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PIVOT SYSTEM S&R LEVELS - used on the floor to determine relative value based
on prior day price action. Significant shifts in market psychology often occur
near these levels.
R3: 1243.00
R2: 1230.17
R1: 1217.33
DP: 1209.17
S1: 1196.33
S2: 1188.17
S3: 1175.33
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
DAILY RANGE PROJECTION LEVELS - This market will tend to trade within the
Normal High/Low Range as noted below. If exceeded, use the Extended Range.
High Extend: 1223.02
High Normal: 1215.00
Low Normal: 1194.00
Low Extend: 1185.98
================================================== ======
SEPTEMBER US T-Bond
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PATTERN SIGNALS - an automated pattern recognition process which identifies
today's most likely market scenario based on recent price behavior.
NR4 Signal - narrowest range of the last four days.
INSIDE DAY Signal - trading range within the range of the prior day.
Range expansion and a pickup in volatility is likely. Aggressive traders can
trade the break of the prior day 117-16 high and 116-14 low levels.
Conservative traders should wait for the first retracement after the breakout.
MOMENTUM PINBALL SELL Signal
A break of the first hour low is cause to become bearish.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PIVOT SYSTEM S&R LEVELS - used on the floor to determine relative value based
on prior day price action. Significant shifts in market psychology often occur
near these levels.
R3: 118-18
R2: 118-05
R1: 117-24
DP: 117-03
S1: 116-22
S2: 116-01
S3: 115-20
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
DAILY RANGE PROJECTION LEVELS - This market will tend to trade within the
Normal High/Low Range as noted below. If exceeded, use the Extended Range.
High Extend: 118-09
High Normal: 117-28
Low Normal: 116-26
Low Extend: 116-13
************************************************** ************
The Pattern Trapper is a daily educational newsletter that combines pattern
recognition techniques, tape reading skills and a few simple indicators to
identify higher probability, lower risk trade set-ups.
For additional info and a free two week trial visit
http://www.patterntrapper.com/
To learn how to use these remarkably effective trading techniques visit
http://www.patterntrapper.com/coursetitlept/course.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~
Statement of disclaimer: This information was compiled from sources believed
to be reliable, but its accuracy cannot be guaranteed. There is substantial
risk of loss in futures trading. There is no warranty, express or implied, in
regards to the fitness of this information for any particular purpose. Past
performance is not a guarantee of future results.
The Pattern Trapper Bi-Weekly Report identifies important conditions and
significant price levels for trading the S&P 500, Nasdaq 100, and T-Bond
futures markets on Tuesday and Thursday of each week. The publication deadline
is 9:00PM Central Time on the evening before the targeted trading day. The
service is free. You can register to receive the report at
http://www.PatternTrapper.com/ReportRequest.shtml
================================================== ======
SEPTEMBER S&P 500
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PATTERN SIGNALS - an automated pattern recognition process which identifies
today's most likely market scenario based on recent price behavior.
NR4 Signal - narrowest range of the last four days.
Range expansion and a pickup in volatility is likely. Aggressive traders can
trade the break of the prior day 982.80 high and 971.10 low levels.
Conservative traders should wait for the first retracement after the breakout.
LOW RANGE CLOSE Signal
80-85% chance that today's low will be less than yesterday's.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PIVOT SYSTEM S&R LEVELS - used on the floor to determine relative value based
on prior day price action. Significant shifts in market psychology often occur
near these levels.
R3: 994.50
R2: 987.43
R1: 980.37
DP: 975.73
S1: 968.67
S2: 964.03
S3: 956.97
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
DAILY RANGE PROJECTION LEVELS - This market will tend to trade within the
Normal High/Low Range as noted below. If exceeded, use the Extended Range.
High Extend: 983.62
High Normal: 979.15
Low Normal: 967.45
Low Extend: 962.98
================================================== ======
SEPTEMBER Nasdaq 100
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PATTERN SIGNALS - an automated pattern recognition process which identifies
today's most likely market scenario based on recent price behavior.
NR4 Signal - narrowest range of the last four days.
INSIDE DAY Signal - trading range within the range of the prior day.
Range expansion and a pickup in volatility is likely. Aggressive traders can
trade the break of the prior day 1222.00 high and 1201.00 low levels.
Conservative traders should wait for the first retracement after the breakout.
LOW RANGE CLOSE Signal
80-85% chance that today's low will be less than yesterday's.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PIVOT SYSTEM S&R LEVELS - used on the floor to determine relative value based
on prior day price action. Significant shifts in market psychology often occur
near these levels.
R3: 1243.00
R2: 1230.17
R1: 1217.33
DP: 1209.17
S1: 1196.33
S2: 1188.17
S3: 1175.33
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
DAILY RANGE PROJECTION LEVELS - This market will tend to trade within the
Normal High/Low Range as noted below. If exceeded, use the Extended Range.
High Extend: 1223.02
High Normal: 1215.00
Low Normal: 1194.00
Low Extend: 1185.98
================================================== ======
SEPTEMBER US T-Bond
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PATTERN SIGNALS - an automated pattern recognition process which identifies
today's most likely market scenario based on recent price behavior.
NR4 Signal - narrowest range of the last four days.
INSIDE DAY Signal - trading range within the range of the prior day.
Range expansion and a pickup in volatility is likely. Aggressive traders can
trade the break of the prior day 117-16 high and 116-14 low levels.
Conservative traders should wait for the first retracement after the breakout.
MOMENTUM PINBALL SELL Signal
A break of the first hour low is cause to become bearish.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PIVOT SYSTEM S&R LEVELS - used on the floor to determine relative value based
on prior day price action. Significant shifts in market psychology often occur
near these levels.
R3: 118-18
R2: 118-05
R1: 117-24
DP: 117-03
S1: 116-22
S2: 116-01
S3: 115-20
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
DAILY RANGE PROJECTION LEVELS - This market will tend to trade within the
Normal High/Low Range as noted below. If exceeded, use the Extended Range.
High Extend: 118-09
High Normal: 117-28
Low Normal: 116-26
Low Extend: 116-13
************************************************** ************
The Pattern Trapper is a daily educational newsletter that combines pattern
recognition techniques, tape reading skills and a few simple indicators to
identify higher probability, lower risk trade set-ups.
For additional info and a free two week trial visit
http://www.patterntrapper.com/
To learn how to use these remarkably effective trading techniques visit
http://www.patterntrapper.com/coursetitlept/course.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~
Statement of disclaimer: This information was compiled from sources believed
to be reliable, but its accuracy cannot be guaranteed. There is substantial
risk of loss in futures trading. There is no warranty, express or implied, in
regards to the fitness of this information for any particular purpose. Past
performance is not a guarantee of future results.