S&P e-mini continued to grind higher in relatively slow trade on Monday adding to recent gains. Overnight trade has price reaching TargetMaster/StatX Zone price target of 2038.75. IF current price momentum continues into pit session, further upside targets Cycle Projection 2042.50.
Today is Cycle Day 3 (CD3)…Bullish momentum remains intact…Odds of 3D Rally > 10 = 82%; Odds of 3D Rally > 20 = 54%; Average Range = 17.75; Max Range = 21.50; Possible High = 2045.50 based upon converting CD2 high; Possible Low = 2021.00 based upon average range on CD3; TargetMaster Range Parameters = 2046.00 – 2021.50.
***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.
Scenario 1: IF price clears and converts PDH (2035.00), THEN there is a 50% chance of price expanding to reach 2038.75 STATX…followed by 2042.50 – 2046.00 upper Cycle Range Projections.
Scenario 2: Failure to hold above PDH (2035.00) suggests a pullback back into prior session range, with target zones 2032 – 2030…2028 – 2025 3DCPZ…TargetMaster Range Breakdown Level 2021.50.
Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus of Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.
Stay Focused…Non-Biased…Disciplined ALWAYS USE STOPS!
I will identify my mistakes and learn from them. I am optimistic, realistic and honest. I will not make up stories about the good or bad things that occurred in the past or are happening now. I admit when something is not working. My optimism gives me faith and courage. I will not fall prey to blame and fear.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS