Trade Strategy 6.19.19

Markets

Episode 4 of FOMC Season 2019 airs this afternoon (2:00 p.m. ET) and it looks like the Fed is backed into a corner. A failure now to suggest a rate cut later this year – or a pivot back to even a neutral stance – could cause a violent selloff by markets, but if Jerome Powell does flag the plans, he will be accused of caving to President Trump, who has been relentless in excoriating the Fed and demanded that it reverse rate hikes made last year. More drama? Asked by reporters outside the White House yesterday if he wanted to demote Powell, Trump said “let’s see what he does.”

U.S. equity index futures entered a holding pattern overnight, steadying before the conclusion of today’s crucial Fed meeting against a backdrop of trade tensions, conflicting data signals and growing worries about the economy.

In Asia, Japan +1.8%. Hong Kong +2.6%. China +1%. India +0.2%. 
In Europe, at midday, London -0.3%. Paris +0.1%. Frankfurt flat. 
Futures at 6:20, Dow flat. S&P flat. Nasdaq flat. Crude -0.1% to $54.08. Gold -0.3% to $1346.50. Bitcoin -1.1% to $9137. 
Ten-year Treasury Yield +3 bps to 2.09%

Source: Seeking Alpha https://seekingalpha.com/author/wall-street-breakfast#regular_articles

Economic Calendar

http://mam.econoday.com/

7:00MBA Mortgage Applications
10:30EIA Petroleum Inventories
2:00 PMFOMC Announcement
2:00 PMFOMC Forecast
2:00 PMChairman Press Conference

***PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 2 (CD2)…Price action is relatively quiet during overnight trade following an explosive move higher in prior Cycle Day 1 Session. It’s Fed Day so trade is expected to be limited until the announcement.

CD2 Range High = 2945.50       CD2 Range Low = 2906.00    CD2 Range Avg = 29.50

Scenario 1: IF Bulls hold bid above 2926, THEN initial upside potential targets 2936, followed by 2946 – 2948 zone.

Scenario 2: IF Bears hold offer below 2926, THEN initial downside objective targets 2916 – 2913 zone.

Range Projections and Key Levels (ES) September 2019 (U) Contract

HOD  ATR Range Projection: 2948.25; LOD ATR Range Projection: 2904.00; 3 Day Central Pivot: 2904.00; 3 Day Cycle Target: 2927.00; 10 Day Average True Range 26.46: VIX: 15.00

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price has fulfilled 3 Day Cycle Objectives and is currently trading quietly pre-RTH. With Fed Day on tap, trading is expected to be limited and quiet ahead of announcement.

CD2 Range High = 7722.00          CD2 Range Low = 7634.00          CD2 Range Avg = 105.25

Scenario 1: IF Bulls hold bid above 7680, THEN initial upside potential targets 7708 – 7722 zone.

Scenario 2: IF Bears hold offer below 7680, THEN initial downside objective targets 7645 – 7628 zone.

Range Projections and Key Levels (NQ) September 2019 (U) Contract

HOD  ATR Range Projection: 7767.00; LOD ATR Range Projection: 7587.00; 3 Day Central Pivot: 7570.00; 3 Day Cycle Target: 7661.25; 10 Day Average True Range: 104.13; VIX: 15.00

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 on 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!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 6.18.19

Markets

Worries over the Middle East appeared to put slight pressure on U.S. stock index futures overnight, but stimulus talk from Mario Draghi has turned markets around. DJIA futures are now ahead by 100 points, while the S&P 500 is up 0.5% and the Nasdaq is 0.8% higher. More easy monetary policies from the world’s biggest central banks may be in store as the Fed begins a key two-day meeting that many expect will clear the way for a cut in interest rates.

In Asia, Japan -0.7%. Hong Kong +1%. China +0.1%. India +0.2%. 
In Europe, at midday, London +0.8%. Paris +1.5%. Frankfurt +1.2%. 
Futures at 6:20, Dow +0.4%. S&P +0.4%. Nasdaq +0.8%. Crude -0.2% to $51.85. Gold +0.5% to $1349.70. Bitcoin -0.6% to $9220. 
Ten-year Treasury Yield -3 bps to 2.05%

Source: Seeking Alpha

http://mam.econoday.com/

FOMC meeting begins
8:30Housing Starts
8:55Redbook Chain Store Sales

***New: PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2870.25. Average Range for CD1 is 32.00 handles. Odds of decline > 10 handles = 73% Odds of decline > 20 = 43%

CD1 Range High = 2913.00       CD1 Range Low = 2876.00         CD1 Range Avg = 32.00

Scenario 1: IF Bulls hold bid above 2898, THEN initial upside targets 2905 – 2910 zone.

Scenario 2: IF Bears hold offer below 2898, THEN initial downside targets 2888 – 2884 zone.

Range Projections and Key Levels (ES) September 2019 (U) Contract

HOD  ATR Range Projection: 2912.00; LOD ATR Range Projection: 2885.00; 3 Day Central Pivot: 2894; 3 Day Cycle Target: 2925.50; 10 Day Average True Range 23.12; VIX: 15.00

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7473.00. Average Range for CD1 is 112.00 handles. Odds of decline > 20 handles = 74% Odds of decline > 25 = 66%

CD1 Range High =7598.00           CD1 Range Low = 7557.00          CD1 Range Avg = 112.00

Scenario 1: IF Bulls hold bid above 7565, THEN initial upside targets 7610 – 7614 3 Day Cycle Penetration Target Zone. (FULFILLED)

Scenario 2: IF Bears hold offer below 7565, THEN initial downside targets 7533 – 7520 3 Day Central Pivot Zone.

Range Projections and Key Levels (NQ) September 2019 (U) Contract

HOD  ATR Range Projection: 7632.00; LOD ATR Range Projection: 7524.00; 3 Day Central Pivot: 7526.00; 3 Day Cycle Target: 7610.00; 10 Day Average True Range: 90.22; VIX: 15.00

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 on 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!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 6.17.19

Markets

In Asia, Japan flat. Hong Kong +0.4%. China +0.2%. India -1.3%. 
In Europe, at midday, London -0.1%. Paris +0.2%. Frankfurt flat. 
Futures at 6:20, Dow +0.1%. S&P +0.1%. Nasdaq +0.2%. Crude -0.5% to $52.24. Gold -0.5% to $1337.60. Bitcoin -1.7% to $9166. 
Ten-year Treasury Yield +2 bps to 2.11%

(Source: Seeking Alpha)  

Economic Calendar

http://mam.econoday.com/

8:30Empire State Mfg Survey
10:00NAHB Housing Market Index
4:00 PMTreasury International Capital

*****New PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 3 …Cycle Objectives have been fulfilled with Positive 3 Day Rally Statistic. Key Decision Point remains 2880 handle as Bulls are expected to defend (2885) this weekly Profile Value Low. With cycle targets reached, the next decline can begin at any time.

CD3 Range High = 2918.00          CD3 Range Low = 2881.00          CD3 Range Avg = 34.50

Scenario 1: IF Bulls hold bid above 2896, THEN initial upside targets 2905 – 2910 zone.

Scenario 2: IF Bears hold offer below 2896, THEN initial downside targets 2890 – 2888 zone.

Range Projections and Key Levels (ES) September (U) Contract

HOD  ATR Range Projection: 2920.00; LOD ATR Range Projection: 2878.00; Cycle Day 1 Low: 2871.50; 3 Day Central Pivot: 2890.00; 3 Day Cycle Target: 2899.50; 10 Day Average True Range 25.87; VIX: 15.59

Nasdaq 100 (NQ)

Today is Cycle Day 3…Positive 3 Day Rally is in-place and as such, the next decline can begin at any time. Price is currently trading within 3 Day Central Pivot Zone which is marked as initial target/support.

CD3 Range High = 7565.00         CD3 Range Low = 7484.00          CD3 Range Avg = 111.00

Scenario 1: IF Bulls hold bid above 7510, THEN initial upside potential targets 7533 – 7547 zone.

Scenario 2: IF Bears hold offer below 7510, THEN initial downside targets 7490 – 7484 zone.

Range Projections and Key Levels (NQ) September (U) Contract

HOD  ATR Range Projection: 7602.00; LOD ATR Range Projection: 7446.00; Cycle Day 1 Low: 7446.25; 3 Day Central Pivot: 7515.00; 3 Day Cycle Target: 7515.00; 10 Day Average True Range: 95.27; VIX: 159.59

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 on 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!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 6.14.19

Markets

In Asia, Japan +0.4%. Hong Kong -0.7%. China -1%. India -0.7%. 
In Europe, at midday, London -0.6%. Paris -0.4%. Frankfurt -0.8%. 
Futures at 6:20, Dow -0.3%. S&P -0.3%. Nasdaq -0.8%. Crude -0.8% to $51.84. Gold +1.1% to $1358.10. Bitcoin +2.4% to $8294. 
Ten-year Treasury Yield -3 bps to 2.06%

Source: Seeking Alpha

Economic Calendar

http://mam.econoday.com/

8:30Retail Sales
9:15Industrial Production
10:00Business Inventories
10:00Consumer Sentiment
1:00 PMBaker-Hughes Rig Count

***PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 2 (CD2)…Following a very “scrappy” or “crappy” prior trade session, depending on your viewpoint, Contract Rollover is in full effect into Sept (U) and out of June (M).

Price has been locked within a 20 handle range between 2880 – 2900 as Bull/Bear “tug-o-war” continues until this range is broken.

Middle East tensions are rising with recent provocative attacks on oil tankers in the Strait of Hormuz, so remain alert with positions and always have Stops firmly in place.

CD2 Range High = 2910.00       CD2 Range Low = 2878.00    CD2 Range Avg = 31.00

Scenario 1: IF Bulls hold bid above 2890, THEN initial upside potential targets 2898 – 2900 zone.

Scenario 2: IF Bears hold offer below 2890, THEN initial downside objective targets 2880 – 2878 zone.

Range Projections and Key Levels (ES) September 2019 (U) Contract

HOD  ATR Range Projection: 2915.00; LOD ATR Range Projection: 2874.00; 3 Day Central Pivot: 2891.00; 3 Day Cycle Target: 2900.00; 10 Day Average True Range 29.00: VIX: 16.31

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price is trading lower pre-RTH fulfilling 7489.75 CD2 Range Low Objective.

CD2 Range High = 7535.00          CD2 Range Low = 7489.75          CD2 Range Avg = 110.50

Scenario 1: IF Bulls hold bid above 7515, THEN initial upside potential targets 7535 – 7540 zone.

Scenario 2: IF Bears hold offer below 7515, THEN initial downside objective targets 7490 – 7480 zone.

Range Projections and Key Levels (NQ) September 2019 (U) Contract

HOD  ATR Range Projection: 7588.00; LOD ATR Range Projection: 7437.00; 3 Day Central Pivot: 7530.00; 3 Day Cycle Target: 7515.00; 10 Day Average True Range: 110.00; VIX: 16.31

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 on 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!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 6.13.19

Markets

The oil price surge has given a boost to U.S. stock index futures, which were in the red overnight before attacks on two tankers off the coast of Iran. Dow futures are indicating a positive open of 70 points, while futures on the S&P and Nasdaq were 0.4% and 0.8% higher, respectively. 

In Asia, Japan -0.6%. Hong Kong flat. China +0.1%. India flat. 
In Europe, at midday, London +0.3%. Paris flat. Frankfurt +0.5%. 
Futures at 6:20, Dow +0.3%. S&P +0.4%. Nasdaq +0.8%. Crude +3% to $52.66. Gold +0.2% to $1339.50. Bitcoin +1.3% to $8093. 
Ten-year Treasury Yield -1 bps to 2.12%

Source: Seeking Alpha

http://mam.econoday.com/

8:30Initial Jobless Claims
8:30Import/Export Prices
10:30EIA Natural Gas Inventory
1:00 PMResults of $16B, 30-Year Note Auction
4:30 PMMoney Supply
4:30 PMFed Balance Sheet

***New: PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2859.00. Average Range for CD1 is 32.00 handles. Odds of decline > 10 handles = 73% Odds of decline > 20 = 43%

CD1 Range High = 2891.00       CD1 Range Low = 2870.00         CD1 Range Avg = 32.00

Scenario 1: IF Bulls hold bid above 2880, THEN initial upside targets 2892 – 2895 zone.

Scenario 2: IF Bears hold offer below 2880, THEN initial downside targets 2870 – 2867 zone.

Range Projections and Key Levels (ES) June 2019 (M) Contract

HOD  ATR Range Projection: 2898.00; LOD ATR Range Projection: 2863.50; 3 Day Central Pivot: 2889.00 3 Day Cycle Target: 2595.50; 10 Day Average True Range 30.93; VIX: 16.00

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7430.00. Average Range for CD1 is 112.00 handles. Odds of decline > 20 handles = 74% Odds of decline > 25 = 66%

CD1 Range High =7533.00           CD1 Range Low = 7412.00          CD1 Range Avg = 112.00

Scenario 1: IF Bulls hold bid above 7477, THEN initial upside targets 7508.00 – 7516 3 Day Central Pivot Zone.

Scenario 2: IF Bears hold offer below 7477, THEN initial downside targets 7430 – 7428 CD1 Violation Zone.

Range Projections and Key Levels (NQ) June 2019 (M) Contract

HOD  ATR Range Projection: 7536.50; LOD ATR Range Projection: 7408.50; 3 Day Central Pivot: 7512.00; 3 Day Cycle Target: 7490.00; 10 Day Average True Range: 115.62; VIX: 16.00

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 on 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!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 6.12.19

Markets

In Asia, Japan -0.3%. Hong Kong -1.9%. China -0.6%. India -0.5%. 
In Europe, at midday, London -0.6%. Paris -0.6%. Frankfurt -0.4%. 
Futures at 6:20, Dow -0.2%. S&P -0.2%. Nasdaq -0.4%. Crude -2.6% to $51.91. Gold +0.6% to $1338.80. Bitcoin +2.2% to $7986. 
Ten-year Treasury Yield -2 bps to 2.12%

(Source: Seeking Alpha)  

Economic Calendar

http://mam.econoday.com/

8:30 Consumer Price Index
10:00 Atlanta Fed’s Business Inflation Expectations
10:30 EIA Petroleum Inventories
1:00 PM Results of $24B, 10-Year Note Auction
2:00 PM Treasury Budget

*****New PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 3 …Cycle Objectives have been fulfilled with Positive 3 Day Rally Statistic. Key Decision Point remains 2880 handle as Bulls are expected to defend this weekly Profile Pivot. With cycle targets reached, the next decline can begin at any time.

CD3 Range High = 2899.00          CD3 Range Low = 2867.00          CD3 Range Avg = 35.50

Scenario 1: IF Bulls hold bid above 2880, THEN initial upside targets 2888 – 2890 zone.

Scenario 2: IF Bears hold offer below 2880, THEN initial downside targets 2870 – 2865 zone.

Range Projections and Key Levels (ES) June (M) Contract

HOD  ATR Range Projection: 2910.00; LOD ATR Range Projection: 2850.00; Cycle Day 1 Low: 2880.50; 3 Day Central Pivot: 2884.00; 3 Day Cycle Target: 2908.50; 10 Day Average True Range 34.50; VIX: 16.32

Nasdaq 100 (NQ)

Today is Cycle Day 3…Positive 3 Day Rally is in-place and as such, the next decline can begin at any time. Price is currently below PL (7492.75) trading within 3 Day Central Pivot Zone. Bulls need to recover back above prior low and previous settlement.

CD3 Range High = 7530.00         CD3 Range Low = 7473.50          CD3 Range Avg = 111.00

Scenario 1: IF Bulls hold bid above 7493, THEN initial upside potential targets 7508 – 7518 zone.

Scenario 2: IF Bears hold offer below 7493, THEN initial downside targets 7463 – 7456 zone.

Range Projections and Key Levels (NQ) June (M) Contract

HOD  ATR Range Projection: 7601.00; LOD ATR Range Projection: 7402.50; Cycle Day 1 Low: 7431.25; 3 Day Central Pivot: 7475.00; 3 Day Cycle Target: 7554.50; 10 Day Average True Range: 128.64; VIX: 16.32

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 on 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!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 6.11.19

Markets

It looks like there is another session of gains in store for Wall Street, with DJIA futures up by 120 points and the S&P 500 and Nasdaq ahead by over 0.5%.

In Asia, Japan +0.3%. Hong Kong +0.8%. China +2.6%. India +0.5%. 
In Europe, at midday, London +0.5%. Paris +0.8%. Frankfurt +1.3%. 
Futures at 6:20, Dow +0.5%. S&P +0.5%. Nasdaq +0.7%. Crude +0.4% to $53.49. Gold -0.2% to $1326.20. Bitcoin +2.8% to $7936. 
Ten-year Treasury Yield +3 bps to 2.17%

Source: Seeking Alpha

Economic Calendar

http://mam.econoday.com/

6:00NFIB Small Business Optimism Index
8:30Producer Price Index
8:55Redbook Chain Store Sales
1:00 PMResults of $38B, 3-Year Note Auction

***PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 2 (CD2)…Having regained control Bulls continue to press price higher holding 2886 “key support”. Further expansion during this Cycle targets 2914 handle. Break below 2880 handle would jeopardize the current bullish structure.

CD2 Range High = 2910.00       CD2 Range Low = 2880.00    CD2 Range Avg = 30.00

Scenario 1: IF Bulls hold bid above 2896, THEN initial upside potential targets 2905 – 2910 zone.

Scenario 2: IF Bears hold offer below 2896, THEN initial downside objective targets 2890 – 2885 zone.

Range Projections and Key Levels (ES) June 2019 (M) Contract

HOD  ATR Range Projection: 2921.50; LOD ATR Range Projection: 2869.00; 3 Day Central Pivot: 2865.00; 3 Day Cycle Target: 2908.50; 10 Day Average True Range 35.10: VIX: 15.62

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price has fulfilled its 3 Day Cycle Target as bulls have firmly regained control. Further upside expansion of this rally measures 7600 – 7612 zone.

CD2 Range High = 7563.00          CD2 Range Low = 7514.00          CD2 Range Avg = 108.00

Scenario 1: IF Bulls hold bid above 7545, THEN initial upside potential targets 7563 – 7578 zone.

Scenario 2: IF Bears hold offer below 7545, THEN initial downside objective targets 7519 – 7514 zone.

Range Projections and Key Levels (NQ) June 2019 (M) Contract

HOD  ATR Range Projection: 7638.50; LOD ATR Range Projection: 7438.00; 3 Day Central Pivot: 7380.00; 3 Day Cycle Target: 7555.00; 10 Day Average True Range: 133.25; VIX: 15.62

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 on 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!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 6.10.19

Markets

In Asia, Japan +1.2%. Hong Kong +2.3%. China +0.9%. India +0.4%. 
In Europe, at midday, London +0.5%. Paris +0.3%. Frankfurt +0.8%. 
Futures at 6:20, Dow +0.4%. S&P +0.4%. Nasdaq +0.4%. Crude +0.2% to $54.10. Gold -1% to $1332.10. Bitcoin -2.9% to $7669. 
Ten-year Treasury Yield +5 bps to 2.14%

Source: Seeking Alpha

http://mam.econoday.com/

10:00Job Openings and Labor Turnover Survey
12:30 PMTD Ameritrade IMX

***New: PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2852.00. Average Range for CD1 is 32.00 handles. Odds of decline > 10 handles = 73% Odds of decline > 20 = 43%

CD1 Range High = 2912.50       CD1 Range Low = 2866.00         CD1 Range Avg = 32.00

Scenario 1: IF Bulls hold bid above 2880, THEN initial upside targets 2895 – 2898 zone.

Scenario 2: IF Bears hold offer below 2880, THEN initial downside targets 2866 – 2862 zone.

Range Projections and Key Levels (ES) June 2019 (M) Contract

HOD  ATR Range Projection: 2916.00; LOD ATR Range Projection: 2862.00; 3 Day Central Pivot: 2841.00 3 Day Cycle Target: 2921.50; 10 Day Average True Range 35.63; VIX: 16.00

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7351.00. Average Range for CD1 is 108.25 handles. Odds of decline > 20 handles = 74% Odds of decline > 25 = 66%

CD1 Range High =7487.00           CD1 Range Low = 7429.00          CD1 Range Avg = 108.25

Scenario 1: IF Bulls hold bid above 7445, THEN initial upside targets 7473.50 – 7485.00 zone.

Scenario 2: IF Bears hold offer below 7445, THEN initial downside targets 7412.00 – 7376.00 zone.

Range Projections and Key Levels (NQ) June 2019 (M) Contract

HOD  ATR Range Projection: 7558.50; LOD ATR Range Projection: 7357.50; 3 Day Central Pivot: 7230.00; 3 Day Cycle Target: 7555.00; 10 Day Average True Range: 127.17; VIX: 16.00

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 on 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!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 6.7.19

Markets

With trade war drums beating loudly, a strong employment report from the Labor Department this morning will probably do little to dial back market expectations that the Fed will cut interest rates this year. Nonfarm payrolls probably increased by 185,000 jobs last month after surging 263,000 in April, a figure that’s well above the roughly 100,000 needed per month to keep up with growth in the working age population. Average hourly earnings are forecast to have increased 0.3% after rising 0.2% in April, while the unemployment rate is expected to have remained near a 50-year low of 3.6%.

Wall Street futures are ahead by 0.3%, pointing to a fourth consecutive session gain, as investors anticipate a near-term immigration agreement between the U.S. and Mexico, and extend bets on further central bank easing around the world. While the White House still intends to impose tariffs on Mexican imports this Monday, reports suggest “significant progress is being made” in negotiations. Investors are also continuing to digest yesterday’s ECB decision day, including revelations that policymakers have been discussing potential rate cuts and an extra bout of quantitative easing.

In Asia, Japan +0.5%. Hong Kong closed. China closed. India +0.2%. 
In Europe, at midday, London +0.9%. Paris +1.5%. Frankfurt +0.8%. 
Futures at 6:20, Dow +0.3%. S&P +0.3%. Nasdaq +0.4%. Crude +0.8% to $53. Gold -0.4% to $1338. Bitcoin +2.2% to $7969. 
Ten-year Treasury Yield flat at 2.13%

(Source: Seeking Alpha)  

Economic Calendar

http://mam.econoday.com/

12:00Fed’s Daly Speech on Sunday
8:30Non-farm payrolls
10:00Wholesale Trade
1:00 PMBaker-Hughes Rig Count
3:00 PMConsumer Credit

*****New PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 3 …Price is set to close the week out posting a strong rebound performance with a Weekly Bullish Engulfing Candle.

Price is currently above PH (2853)…IF price converts this level, THEN expansion targets measures 2862 – 2872 Cycle Day 3 Penetration Range Zone.

CD3 Range High = 2870.00          CD3 Range Low = 2823.00          CD3 Range Avg = 34.00

Scenario 1: IF Bulls hold bid above 2853, THEN initial upside targets 2862 – 2872 zone.

Scenario 2: IF Bears hold offer below 2853, THEN initial downside targets 2848 – 2838 zone.

Range Projections and Key Levels (ES) June (M) Contract

HOD  ATR Range Projection: 2872.00; LOD ATR Range Projection: 2823.00; Cycle Day 1 Low: 2801.00; 3 Day Central Pivot: 2813.50; 3 Day Cycle Target: 2839.50; 10 Day Average True Range 34.50; VIX: 15.50

Nasdaq 100 (NQ)

Today is Cycle Day 3…Price is set to close the week out posting a strong rebound performance with a Weekly Bullish Reversal Candle.

Price is currently above PH (7299.25) and has fulfilled 7321 Cycle Day 3 Penetration Objective.

CD3 Range High = 7315.00         CD3 Range Low = 7217.00          CD3 Range Avg = 104.00

Scenario 1: IF Bulls hold bid above 7300, THEN initial upside potential targets 7315 – 7321 zone.

Scenario 2: IF Bears hold offer below 7300, THEN initial downside targets 7263 – 7258 zone.

Range Projections and Key Levels (NQ) June (M) Contract

HOD  ATR Range Projection: 7375.00; LOD ATR Range Projection: 7204.00; Cycle Day 1 Low: 7150.25; 3 Day Central Pivot: 7192.00; 3 Day Cycle Target: 7264.50; 10 Day Average True Range: 117.26; VIX: 15.50

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 on 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!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN

Trade Strategy 6.6.19

Markets

U.S. stock index futures are modestly higher after booking their second-largest two-day gain of the year on hopes of a near-term rate move from the Federal Reserve. Contracts tied to the DJIA are indicating a 78-point opening bell advance, while those linked to the S&P 500 and Nasdaq suggest a 0.4% bump.

In Asia, Japan flat. Hong Kong +0.3%. China -1.2%. India -1.4%. 
In Europe, at midday, London +0.7%. Paris +0.7%. Frankfurt +0.8%. 
Futures at 6:20, Dow +0.3%. S&P +0.4%. Nasdaq +0.4%. Crude +0.2% to $51.79. Gold +0.6% to $1341.10. Bitcoin -1.1% to $7798. 
Ten-year Treasury Yield -2 bps to 2.1%

Source: Seeking Alpha

Economic Calendar

http://mam.econoday.com/

7:30Challenger Job-Cut Report
8:30Initial Jobless Claims
8:30International Trade
8:30Productivity and Costs
8:40Fed’s Kaplan Speech
10:00Quarterly Services Report
10:30EIA Natural Gas Inventory
1:00 PMFed’s Williams Speech
4:30 PMMoney Supply
4:30 PMFed Balance Sheet

***PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 2 (CD2)…Price has fulfilled its 3 Day Cycle Target as bulls have firmly regained control. Further upside expansion of this rally measures 2840 – 2843, with ATR (10) Range High 2848 handle.

CD2 Range High = 2843.00       CD2 Range Low = 2808.00    CD2 Range Avg = 30.00

Scenario 1: IF Bulls hold bid above 2728, THEN initial upside potential targets 2835 – 2838.50 zone.

Scenario 2: IF Bears hold offer below 2728, THEN initial downside objective targets 2814 – 2808 zone.

Range Projections and Key Levels (ES) June 2019 (M) Contract

HOD  ATR Range Projection: 2848.25; LOD ATR Range Projection: 2802.50; 3 Day Central Pivot: 2785.00; 3 Day Cycle Target: 2829.00; 10 Day Average True Range 35.54: VIX: 16.00

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price has fulfilled its 3 Day Cycle Target as bulls have firmly regained control. Further upside expansion of this rally measures 7261.75 – 7267.50.

CD2 Range High = 7288.00          CD2 Range Low = 7157.00          CD2 Range Avg = 107.25

Scenario 1: IF Bulls hold bid above 7230, THEN initial upside potential targets 7261.75 – 7264.25

Scenario 2: IF Bears hold offer below 7230, THEN initial downside objective targets 7212 – 7208 zone.

Range Projections and Key Levels (NQ) June 2019 (M) Contract

HOD  ATR Range Projection: 7303.00; LOD ATR Range Projection: 7142.00; 3 Day Central Pivot: 7118.00; 3 Day Cycle Target: 7264.25; 10 Day Average True Range: 122.15; VIX: 16.00

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 on 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!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN