Trade Strategy 3.22.19

Markets

U.S. stock futures point to opening in the red, following the decline in Europe’s stock markets as weaker-than-expected German manufacturing data fuels concern about global economic growth. Futures indicate a 0.42% decline at the open for S&P 500 and 0.47% for the Dow Jones Industrial Average, while Nasdaq futures fell 0.33%.

In Asia, Japan +0.09%. Hong Kong +0.14%. China +0.09%. India -0.56%. 
In Europe, at midday, London -0.89%. Paris -0.92%. Frankfurt -0.44%. 
Futures at 6:20, Dow -0.47%. S&P -0.42%. Nasdaq -0.33%. Crude -0.7% to $59.56. Gold +0.41% to $1,312.70. Bitcoin -1.8% to $4,048.
Ten-year Treasury Yield -4 bps to 2.498%

(Source: Seeking Alpha)  

Economic Calendar

http://mam.econoday.com/

9:45PMI CompositeFlash
10:00Existing Home Sales
10:00Wholesale Trade
1:00 PMBaker-Hughes Rig Count
2:00 PMTreasury Budget
9:30 PMFed’s Bostic: Economic Outlook and Monetary Policy
9:45 PMFed’s Evans Speech on Sunday

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

S&P 500

Today is Cycle Day 3 (CD3)…Price has fulfilled and exceeded 3 Day Cycle Rally Targets. As such, expectation for today’s session is “back n fill” price oscillations to work off the excess and find new balance zone.

CD3 Range High = 2871.00          CD3 Range Low = 2841.00          CD3 Range Avg = 23.50 

Scenario 1: IF Bulls hold bid above 2860.25, THEN initial upside target measures 2871.00 – 2475 CD3 Range Penetration Level.

Scenario 2: IF Bears hold offer below 2860.25 THEN initial downside target measures 2845 – 2841 average range zone.

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

HOD  ATR Range Projection: 2875.00; LOD ATR Range Projection: 2836.00; Cycle Day 1 Low: 2817.25; 3 Day Central Pivot: 2840.00; 3 Day Cycle Target: 2875.00; 10 Day Average True Range 29.00; VIX: 14.00

Nasdaq 100 (NQ)

Today is Cycle Day 3 …Price has fulfilled and exceeded 3 Day Cycle Rally Targets. As such, expectation for today’s session is “back n fill” price oscillations to work off the excess and find new balance zone.

CD3 Range High = 7552.00         CD3 Range Low = 7488.00          CD3 Range Avg = 56.50

Scenario 1: IF Bulls hold bid above 7530, THEN initial upside potential targets 7552 – 7565 CD3 Range Penetration Zone.

Scenario 2: IF Bears hold offer below 7530, THEN initial downside targets 7505 – 7480 Central Pivot Zone.

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

HOD  ATR Range Projection: 7590.00; LOD ATR Range Projection: 7452.00; Cycle Day 1 Low: 7349.50; 3 Day Central Pivot: 7422.00; 3 Day Cycle Target: 7530.00; 10 Day Average True Range: 93.00; VIX: 14.00

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 3.21.19

Markets

In Asia, Japan Closed. Hong Kong -0.85%. China +0.35%. India Closed. 
In Europe, at midday, London +0.31%. Paris flat. Frankfurt -0.42%. 
Futures at 6:20, Dow -0.17%. S&P -0.10%. Nasdaq +0.05%. Crude -0.42%to $59.98. Gold +1.2% to $1,317.50. Bitcoin +0.6% to $4,123.
Ten-year Treasury Yield -2bps to 2.516%

Source: Seeking Alpha

Economic Calendar

http://mam.econoday.com/

8:30Initial Jobless Claims
8:30Philly Fed Business Outlook
10:00Leading Indicators
10:00Quarterly Services Report
10:30EIA Natural Gas Inventory
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 continues its downward momentum following a wide range Fed Day which saw price tag both upper and lower statistical extreme targets. Overnight trade rallied early during SSE Session but was rejected at 2836 3 Day Central Pivot and is currently below 2817.25 Cycle Day 1 Low.

CD2 Range High = 2839.00       CD2 Range Low = 2812.00    CD2 Range Avg = 24.00

Scenario 1: IF Bulls hold bid above 2823.25, THEN initial upside potential targets 2835 – 2837 3 Day Central Pivot Zone.

Scenario 2: IF Bears hold offer below 2823.25 zone, THEN initial downside objective targets 2808.00 – 2800 CD2 Violation Zone.

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

HOD  ATR Range Projection: 2840.00; LOD ATR Range Projection: 2811.25; 3 Day Central Pivot: 2836.00; 3 Day Cycle Target: 2845.00; 10 Day Average True Range 24.00; VIX: 14.50

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price continues its downward momentum following a wide range Fed Day which saw price tag both upper and lower statistical extreme targets. Overnight trade rallied early during SSE Session but was rejected at 7440 and is currently trading near 7380 3 Day Central Pivot.

CD2 Range High = 7429.00          CD2 Range Low = 7383.50          CD2 Range Avg = 56.50

Scenario 1: IF Bulls hold bid above 7400, THEN initial upside potential targets 7440 – 7450 zone.

Scenario 2: IF Bears hold offer below 7400, THEN initial downside objective targets 7383 – 7380 3 Day Central Pivot Zone.

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

HOD  ATR Range Projection: 7453.00; LOD ATR Range Projection: 7359.50; 3 Day Central Pivot: 7380.00; 3 Day Cycle Target: 7417.00; 10 Day Average True Range: 80.00; VIX: 14.50

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 3.20.19

Markets 

The yield on the benchmark 10-year Treasury note is ticking lower, down 2 bps to 2.59%, as investors await a policy decision by the Federal Reserve. The U.S. central bank is widely expected to keep rates steady and lower its “dot plot,” boosting U.S. stock index futures overnight by 0.2%. Jerome Powell has also signaled an announcement on when the Fed will end the runoff of its $4T portfolio later this year, as well as disclosing the right combination of Treasury’s to hold.

In Asia, Japan +0.2%. Hong Kong -0.5%. China flat. India +0.1%. 
In Europe, at midday, London flat. Paris -0.1%. Frankfurt -1.3%. 
Futures at 6:20, Dow +0.2%. S&P +0.2%. Nasdaq +0.2%. Crude -0.9% to $58.78. Gold -0.3% to $1303. Bitcoin +0.5% to $3988. 
Ten-year Treasury Yield -2 bps to 2.59%

Source: Seeking Alpha

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

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

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2828.00 (FULFILLED). Average Range for CD1 is 31.25 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 43%

CD1 Range High = 2859.00       CD1 Range Low = 2818.00         CD1 Range Avg = 31.25

Scenario 1: IF Bulls hold bid above 2838, THEN initial upside targets 2848 – 2852 zone.

Scenario 2: IF Bears hold offer below 2838, THEN initial downside targets 2818 – 2812 zone.

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

HOD  ATR Range Projection: 2851.00; LOD ATR Range Projection: 2819.50; 3 Day Central Pivot: 2835.00; 3 Day Cycle Target: 2856.00; 10 Day Average True Range 23.50; VIX: 13.70

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7366.75 (FULFILLED. Average Range for CD1 is 55.00 handles. Odds of decline > 20 handles = 74% Odds of decline > 25 = 65%

CD1 Range High =7408.00           CD1 Range Low = 7337.50          CD1 Range Avg = 55.00

Scenario 1: IF Bulls hold bid above 7376.00, THEN initial upside targets 7396 – 7408 zone.

Scenario 2: IF Bears hold offer below 7376.00, THEN initial downside targets 7355 – 7350 3 Day Central Pivot Zone.

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

HOD  ATR Range Projection: 7427.50; LOD ATR Range Projection: 7318.00; 3 Day Central Pivot: 7355.00; 3 Day Cycle Target: 7420.00; 10 Day Average True Range: 75.00; VIX: 13.70

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 3.19.19

Markets

There’s another positive session in store for Wall Street, with U.S. stock index futures pointing to gains of 0.3%. Market focus is largely attuned to central bank expectations, with the Fed due to kick-off its two-day policy meeting later in the session. Most investors expect the FOMC to strike a dovish tone and lower its “dot plot” to show little or no further tightening in 2019.

In Asia, Japan -0.1%. Hong Kong +0.2%. China -0.2%. India +0.7%. 
In Europe, at midday, London +0.4%. Paris +0.5%. Frankfurt +0.8%. 
Futures at 6:20, Dow +0.3%. S&P +0.3%. Nasdaq +0.3%. Crude +0.6% to $59.76. Gold +0.6% to $1308.80. Bitcoin +0.8% to $4001. 
Ten-year Treasury Yield flat at 2.59%

(Source: Seeking Alpha)  

Economic Calendar

http://mam.econoday.com/

FOMC meeting begins
8:55Redbook Chain Store Sales
10:00Factory Orders

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

S&P 500

Today is Cycle Day 3 (CD3)…Price has vaulted higher pre-RTH above prior high and has fulfilled initial upside target 2850.50 CD3 Penetration Level. Further upside measures 2859.25 – 2862.75 ATR Cycle Range Zone.

CD3 Range High = 2862.75          CD3 Range Low = 2829.50          CD3 Range Avg = 23.50 

Scenario 1: IF Bulls hold bid above 2842.00, THEN initial upside target measures 2851 CD3 Penetration Level.

Scenario 2: IF Bears hold offer below 2842.00, THEN initial downside target measures 2836 – 2833 zone.

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

HOD  ATR Range Projection: 2861.00; LOD ATR Range Projection: 2831.50; Cycle Day 1 Low: 2812.50; 3 Day Central Pivot: 2825.00; 3 Day Cycle Target: 2840.25; 10 Day Average True Range 22.00; VIX: 12.67

Nasdaq 100 (NQ)

Today is Cycle Day 3 …Price has pushed higher in pre-RTH trade above prior high and closing in on initial target 7401 CD3 Penetration Level.

CD3 Range High = 7412.00         CD3 Range Low = 7335.50          CD3 Range Avg = 56.50

Scenario 1: IF Bulls hold bid above 7379.50, THEN initial upside potential targets 7401.00 – 7412.00 CD3 Range Penetration Zone.

Scenario 2: IF Bears hold offer below 7379.50, THEN initial downside targets 7335.50 – 7325.00 3 Day Central Pivot Zone.

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

HOD  ATR Range Projection: 7431.75; LOD ATR Range Projection: 7316.50; Cycle Day 1 Low: 7284.50; 3 Day Central Pivot: 7325.00; 3 Day Cycle Target: 7352.25; 10 Day Average True Range: 76.00; VIX: 12.67

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 3.18.19

Markets

U.S. stock index futures are deciding on direction to start the week, with the Dow down 0.1%, the Nasdaq up 0.1% and S&P 500 flat. Significant catalysts in the days ahead? There’s a slew of central bank gatherings, including monetary policy decisions from the Bank of England and Federal Reserve. The Fed is expected to lower its interest rate forecasts – or “dot plots” – to show little or no further tightening in 2019.

In Asia, Japan +0.6%. Hong Kong +1.4%. China +2.5%. India +0.2%. 
In Europe, at midday, London +0.6%. Paris flat. Frankfurt -0.2%. 
Futures at 6:20, Dow -0.1%. S&P flat. Nasdaq +0.1%. Crude -0.1% to $58.46. Gold +0.2% to $1305.40. Bitcoin -0.5% to $3945. 
Ten-year Treasury Yield flat at 2.59%

Source: Seeking Alpha

Economic Calendar

http://mam.econoday.com/

10:00NAHB Housing Market Index

***PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 2 (CD2)…Price continues its bullish trek with strong uptrend firmly intact. It would take a shift below 2800 to affect the current higher trajectory.

CD2 Range High = 2848.00       CD2 Range Low = 2812.50    CD2 Range Avg = 24.00

Scenario 1: IF Bulls hold bid above 2836.50, THEN initial upside potential targets 2840.25 – 2845.50 3 Day Cycle Penetration Zone.

Scenario 2: IF Bears hold offer below 2824.00 zone, THEN initial downside objective targets 2817.75 – 2812.50 3 Day Central Pivot / CD2 Low Zone.

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

HOD  ATR Range Projection: 2847.50; LOD ATR Range Projection: 2811.50; 3 Day Central Pivot: 2817.75; 3 Day Cycle Target: 2840.25; 10 Day Average True Range 24.00; VIX: 13.00

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price continues its bullish trek with strong uptrend firmly intact. It would take a shift below 7260 to affect the current higher trajectory.

CD2 Range High = 7385.00          CD2 Range Low = 7302.00          CD2 Range Avg = 56.50

Scenario 1: IF Bulls hold bid above 7261.00, THEN initial upside potential targets 7383.00 – 7385.00 CD2 Penetration Range Zone.

Scenario 2: IF Bears hold offer below 7328.50, THEN initial downside objective targets 7302 – 7292 3 Day Central Pivot Zone.

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

HOD  ATR Range Projection: 7407.50; LOD ATR Range Projection: 7278.75; 3 Day Central Pivot: 7296.25; 3 Day Cycle Target: 7352.50; 10 Day Average True Range: 80.00; VIX: 13.00

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 3.15.19

Markets 

This week has so far seen a 500-point rise in the DJIA, and futures are tagging on another 80 points to the index. It’s also been a big week for the S&P 500 and Nasdaq, with both pointing to gains of 0.4% at the open.

In Asia, Japan +0.8%. Hong Kong +0.6%. China +1%. India +0.7%. 
In Europe, at midday, London +0.6%. Paris +0.5%. Frankfurt +0.3%. 
Futures at 6:20, Dow +0.3%. S&P +0.4%. Nasdaq +0.4%. Crude +0.2% to $58.74. Gold +0.6%to $1302.20. Bitcoin +0.6% to $3864. 
Ten-year Treasury Yield flat at 2.63%

Source: Seeking Alpha

http://mam.econoday.com/

8:30 Empire State Mfg Survey
9:15 Industrial Production
10:00 Consumer Sentiment
10:00 Job Openings and Labor Turnover Survey
1:00 PMBaker-Hughes Rig Count
4:00 PMTreasury International Capital

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

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2800. Average Range for CD1 is 23.75 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 43%

CD1 Range High = 2836.00       CD1 Range Low = 2803.00         CD1 Range Avg = 23.75

Scenario 1: IF Bulls hold bid above 2825, THEN initial upside targets 2835 – 2837 zone.

Scenario 2: IF Bears hold offer below 2825, THEN initial downside targets 2816 – 2812 zone.

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

HOD  ATR Range Projection: 2836.50; LOD ATR Range Projection: 2803.00; 3 Day Central Pivot: 2807.75; 3 Day Cycle Target: 2840.00; 10 Day Average True Range 24.00; VIX: 13.00

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7246.25 Average Range for CD1 is 55.00 handles. Odds of decline > 20 handles = 74% Odds of decline > 25 = 65%

CD1 Range High =7324.50           CD1 Range Low = 7259.50          CD1 Range Avg = 55.00

Scenario 1: IF Bulls hold bid above 7318.50, THEN initial upside targets 7324.50 – 7339 zone.

Scenario 2: IF Bears hold offer below 7318.50, THEN initial downside targets 7266.50 – 7259.75 zone.

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

HOD  ATR Range Projection: 7347.00; LOD ATR Range Projection: 7237.00; 3 Day Central Pivot: 7263.00; 3 Day Cycle Target: 7338.00; 10 Day Average True Range: 77.50; VIX: 13.00

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 3.14.19

Markets

In Asia, Japan flat. Hong Kong +0.2%. China -1.2%. India flat. 
In Europe, at midday, London +0.5%. Paris +0.4%. Frankfurt flat. 
Futures at 6:20, Dow flat. S&P flat. Nasdaq +0.1%. Crude +0.1% to $58.29. Gold -0.8% to $1298.30. Bitcoin +0.4% to $3851. 
Ten-year Treasury Yield +2 bps to 2.63%

(Source: Seeking Alpha)  

Economic Calendar

http://mam.econoday.com/

8:30Initial Jobless Claims
8:30Import/Export Prices
10:00New Home Sales
10:30EIA Natural Gas Inventory
4:30 PMMoney Supply
4:30 PMFed Balance Sheet

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

S&P 500

Today is Cycle Day 3 (CD3)…Cycle Target (2826) has been fulfilled in prior session. Overnight trade tested this level and has been rejected. We’ll mark 2824 – 2826 zone as Key Resistance Zone and 2812 – 2814 Key Support Zone. Breakout and conversion of either of these zones will hint at next directional play.

CD3 Range High = 2837.50          CD3 Range Low = 2801.50          CD3 Range Avg = 23.50 

Scenario 1: IF Bulls hold bid above 2826.50, THEN initial upside target measures 2832 – 2835 zone.

Scenario 2: IF Bears hold offer below 2826.50, THEN initial downside target measures 2814 – 2812 zone. Conversion below this zone targets 2804 – 2801.50 CD3 Low Range Zone.

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

HOD  ATR Range Projection: 2840.25; LOD ATR Range Projection: 2799.00; Cycle Day 1 Low: 2785.50; 3 Day Central Pivot: 2772.00; 3 Day Cycle Target: 2814.00; 10 Day Average True Range 27.00; VIX: 13.50

Nasdaq 100 (NQ)

Today is Cycle Day 3 …Cycle Target has been fulfilled in prior session. Overnight trade tested prior high (7324.50) and has been rejected. We’ll mark 7315 – 7325 as Key Resistance Zone and 7275 – 7280 Key Support Zone. Breakout and conversion of either of these zones will hint at next directional play.

CD3 Range High = 7334.50         CD3 Range Low = 7262.00          CD3 Range Avg = 56.25

Scenario 1: IF Bulls hold bid above 7324.25, THEN initial upside potential targets 7334.50 – 7346.00 zone.

Scenario 2: IF Bears hold offer below 7324.25, THEN initial downside targets 7262.00 – 7256.00 zone.

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

HOD  ATR Range Projection: 7366.00; LOD ATR Range Projection: 7230.50; Cycle Day 1 Low: 7188.00; 3 Day Central Pivot: 7215.00; 3 Day Cycle Target: 7255.00; 10 Day Average True Range: 88.00; VIX: 13.50

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 3.13.19

Markets

In Asia, Japan -1%. Hong Kong -0.4%. China -1.1%. India +0.6%. 
In Europe, at midday, London flat. Paris +0.3%. Frankfurt -0.1%. 
Futures at 6:20, Dow -0.1%. S&P +0.1%. Nasdaq +0.1%. Crude +1.1% to $57.47. Gold +0.8%to $1308.50. Bitcoin -1% to $3829. 
Ten-year Treasury Yield +2 bps to 2.62%

Source: Seeking Alpha

Economic Calendar

http://mam.econoday.com/

7:00MBA Mortgage Applications
8:30Durable Goods
8:30Producer Price Index
10:00Atlanta Fed’s Business Inflation Expectations
10:00E-Commerce Retail Sales
10:00Construction Spending
10:30EIA Petroleum Inventories
1:00 PMResults of $16B, 30-Year Note Auction

***PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 2 (CD2)…Price continues to consolidate following Monday’s strong trend-up session. Conversion of 2800 – 2805 zone opens skylight to expand target 2813 – 15 3 Day Cycle Range Target Zone.

CD1 Range High = 2812.00       CD1 Range Low = 2778.50    CD1 Range Avg = 24.00

Scenario 1: IF Bulls hold bid above 2803.25, THEN initial upside potential targets 2812 – 2815 zone.

Scenario 2: IF Bears hold offer below 2803.25 zone, THEN initial downside objective targets 2792 – 2785.50 zone.

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

HOD  ATR Range Projection: 2813.75; LOD ATR Range Projection: 2777.75; 3 Day Central Pivot: 2772.25; 3 Day Cycle Target: 2813.25; 10 Day Average True Range 26.25; VIX: 14.00

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price continues to consolidate following Monday’s strong trend-up session. Conversion of 7250 opens skylight to expand target 7267.50 – 7272.25 CD2 Penetration Zone.

CD1 Range High = 7267.50          CD1 Range Low = 7198.00          CD1 Range Avg = 56.50

Scenario 1: IF Bulls hold bid above 7250, THEN initial upside potential targets 7267.50 – 7272.25 CD2 Penetration Zone.

Scenario 2: IF Bears hold offer below 7250, THEN initial downside objective targets 7198.50 – 7188.50 CD1 range low zone.

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

HOD  ATR Range Projection: 7198.00; LOD ATR Range Projection: 7168.25; 3 Day Central Pivot: 7132.50; 3 Day Cycle Target: 7255.00; 10 Day Average True Range: 87.50; VIX: 14.00

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 3.12.19

Markets 

In Asia, Japan +1.8%. Hong Kong +1.5%. China +1.1%. India +1.3%. 
In Europe, at midday, London +0.1%. Paris +0.1%. Frankfurt +0.1%. 
Futures at 6:20, Dow +0.1%. S&P +0.2%. Nasdaq +0.4%. Crude +1.1% to $57.42. Gold +0.4%to $1296.70. Bitcoin +0.6% to $3868. 
Ten-year Treasury Yield +2 bps to 2.66%

Source: Seeking Alpha

http://mam.econoday.com/

6:00NFIB Small Business Optimism Index
8:30Consumer Price Index
8:45Fed’s Reserve Gov. Lael Brainard: “Community Reinvestment Act Modernization”
8:55Redbook Chain Store Sales
1:00 PMResults of $24B, 10-Year Note Auction

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

S&P 500

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 2768.00. Average Range for CD1 is 23.75 handles. Odds of decline > 10 handles = 72% Odds of decline > 20 = 43%

CD1 Range High = 2809.25       CD1 Range Low = 2775.50         CD1 Range Avg = 23.75

Scenario 1: IF Bulls hold bid above 2792.50, THEN initial upside targets 2801.75 – 2803.50 zone.

Scenario 2: IF Bears hold offer below 2792.50, THEN initial downside targets 2785 – 2782 zone. CD1 Range Low measures 2775.50.

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

HOD  ATR Range Projection: 2813.25; LOD ATR Range Projection: 2771.50; 3 Day Central Pivot: 2760.25; 3 Day Cycle Target: 2813.25; 10 Day Average True Range 28.50; VIX: 14.50

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Normal is for a decline measuring 7146.50 Average Range for CD1 is 55.00 handles. Odds of decline > 20 handles = 74% Odds of decline > 25 = 65%

CD1 Range High =7137.25           CD1 Range Low = 7057.75          CD1 Range Avg = 55.00

Scenario 1: IF Bulls hold bid above 7203.75, THEN initial upside targets 7216.50 – 7224.00 zone.

Scenario 2: IF Bears hold offer below 7203.75, THEN initial downside targets 7190 – 7180 zone.

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

HOD  ATR Range Projection: 7280.50; LOD ATR Range Projection: 7136.75; 3 Day Central Pivot: 7084.00; 3 Day Cycle Target: 7255.50; 10 Day Average True Range: 94.00; VIX: 14.50

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 3.11.19

Markets

U.S. stock futures are trading mixed ahead of the open. The Dow is flagging triple-digit declines as Boeing (BA) shares tumble, while the S&P 500 is flat and Nasdaq futures are up 0.3%. A mixed employment report on Friday also showed solid wage growth and a drop in unemployment, but the headline non-farm payroll figure fell way short of expectations at a measly 20,000 jobs.

Crude futures rose 1% to $56.63/bbl overnight, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June. OPEC+ has pledged to cut 1.2M bpd in crude supply since the start of the year to tighten markets and prop up prices.

In Asia, Japan +0.5%. Hong Kong +1%. China +1.9%. India +1%. 
In Europe, at midday, London +0.8%. Paris +0.3%. Frankfurt +0.3%. 
Futures at 6:20, Dow -0.7%. S&P flat. Nasdaq +0.3%. Crude +1% to $56.63. Gold -0.2% to $1296.40. Bitcoin -0.7% to $3864. 
Ten-year Treasury Yield -2 bps to 2.65%

(Source: Seeking Alpha)  

Economic Calendar

http://mam.econoday.com/

8:30Retail Sales
10:00Business Inventories
1:00 PMResults of $38B, 3-Year Note Auction

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

S&P 500

Today is Cycle Day 3 (CD3)…Price is marginally higher during overnight trade with upside rally targets ranging between 2764 – 2772.

CD3 Range High = 2764.00          CD3 Range Low = 2735.00          CD3 Range Avg = 23.50 

Scenario 1: IF Bulls holds bid above 2750, THEN initial upside target measures 2762 – 2765 zone.

Scenario 2: IF Bears holds offer below 2750, THEN initial downside target measures 2745 – 2740.00

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

HOD  ATR Range Projection: 2766.50; LOD ATR Range Projection: 2733.50; Cycle Day 1 Low: 2743.75; 3 Day Central Pivot: 2763.00; 3 Day Cycle Target: 2771.50; 10 Day Average True Range 25.50; VIX: 16.30

Nasdaq 100 (NQ)

Today is Cycle Day 3 …Price is marginally higher during overnight trade with upside rally targets ranging between 7081 – 7100.

CD3 Range High = 7104.00         CD3 Range Low = 7002.50          CD3 Range Avg = 56.25

Scenario 1: IF Bulls holds bid above 7050, THEN initial upside potential targets 7081 – 7100 zone.

Scenario 2: IF Bears holds offer below 7050, THEN initial downside targets 7014 – 7003 zone.

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

HOD  ATR Range Projection: 7104.00; LOD ATR Range Projection: 7003.00; Cycle Day 1 Low: 7031.50; 3 Day Central Pivot: 7088.50; 3 Day Cycle Target: 7099.00; 10 Day Average True Range: 81.00; VIX: 16.30

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