S&P e-mini (ES) found responsive buyers within the 2068 – 70 zone during early volatile trade action in Tuesday’s Session. This lead to rally which reached initial target 2083.00 outlined in Scenario 1 in prior Daily Trade Strategy 06.09.15.

Overnight trade has extended the rally to 2089, just two-handles shy of 3-Day Cycle Target. Continued strength during cash session is needed to push price above key 2093 – 96 zone.

Today is Cycle Day 2 (CD2)…Rally which began yesterday still has room to run targeting 2091 – 2093 zone. Odds of Rally > 10 = 83%; Odds of Rally > 20 = 45%; Average Range = 14.50; Max Average Range = 22.50; Possible HOD = 2094.50 based upon penetration of CD1 high; Possible LOD = 2067.00 based upon max average range on CD2.

***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 holds above PH (2084.75), THEN there is 35% chance of reaching 2091.00 cycle target. Above this level targets 2093 – 2094.50 TargetMaster Range Breakout.

Scenario 2: IF price violates PH (2084.75), THEN odds favor (65%) decline back into prior days range, initially targeting 2079.25 – 2076.75 Central Pivot Zone. Below this zone measures 2071.75 down to 2067.00 TargetMaster Range Breakown.

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