Trade Strategy 05.29.15

Current 3-Day Cycle Target (2123.50) has been satisfied…So any penetration and conversion of this level expands the cycle which then targets 2133.75. Overnight trade has price within prior day’s range continuing to consolidate between 2110 (key support) and 2123.50 (key resistance). Conversion of either level will determine next directional move.

Today is Cycle Day 3 (CD3)…Odds of 3 Day Rally > 10 = 82%; Odds of 3 Day Rally > 20 = 53%; Average Range = 17.75; Max Average Range = 21.55; Possible HOD = 2133.75 (35%) based upon penetration of CD2 high; Possible LOD = 2097.25 (65%) based upon violation of CD2 low.

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

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Today’s Hypotheses: June (M) Contract

Scenario 1: IF price clears and converts 21.23.50, THEN there is a 35% chance of extending upwards to 2133.75 TargetMaster Range Breakout Target.

Scenario 2: Failure to clear and convert 2123.50 keeps price within prior days range…Violation of 2109.75 increases odds (65%) of decline initially targeting 2103.00, followed by 2097.25 Violation Target.

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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