Trade Strategy 04.14.15

Monday’s Daily Trade Strategy  04.13.15 was spot on with both Scenario’s playing out nicely as early strength hit upper price target only to reverse and by settlement hit lower price levels outlined. Here are couple excerpts: Scenario 1: “IF price clears and converts PH (2096.00), THEN there is a 65% chance of extending to 2098.50 – 2100.00 STATX Zone…Violation of this zone calls for deeper downside to attract renewed buy response. Levels to be mindful of should this unfold are 2085.25″.

Having closed on the low of range, momentum may take price lower before a retry at rally attempt. IF price can hold above Cycle Day 1 Low (2085.75) THEN odds favor a bounce back to 2092- 94 zone.Watch closely overnight and early morning trade for clearer indications of direction.

Today is Cycle Day 3 (CD3); Odds of 3D Rally > 10 = 82%; Odds of Rally > 20 = 54%; Average Range = 17.75; Max Average Range = 21.50; Possible High = 2108.50 based upon Avg 3-Day Rally; Possible Low = 2072 based upon average violation of CD2 low.

***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.


Today’s Hypotheses: June (M) Contract

Scenario 1: IF price can hold above CD1 Low (2083.00), THEN expectation is for price to initially rally back to 2092 – 2094 zone. Beyond this zone measures 2098.50 – 2101.25. Should price exhibit strong buying above this level targets 2108.50 – 2110.28 3-Day Cycle Targets.

Scenario 2: Price closed on the PL (2085.75)…Continued weakness that violates and converts CD1 Low (2083.00) targets lower levels 2082.00 – 2080.25 zone followed by 2077.00, 2075.00 – 2072.50 zone. Below these zones are extreme VPOC’s between 2069.25 – 2067.50.

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

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