Trade Strategy 06.12.15

****Contract Rollover to September “U” for E-mini’s****

Early flurry of trade activity lead to an otherwise quiet trading session as Contract Rollover did indeed have the dampening effect anticipated in yesterday’s DTS 06.11.15.

Quiet over night trade as price range and volume are both light…Initial support is marked at 2094 handle and initial resistance 2100 handle. Expectation is for continued quiet trade as contract rollover continues into early summertime Friday.

Today is Cycle Day 1 (CD1)…We should be looking for some degree of decline, but rollover again may have a dampening effect.

Odds of Decline > 10 = 71%; Odds of Decline > 20 = 41%; Average Range = 18.75; Max Average Range = 22.00; Possible HOD = 2115.75; Possible LOD = 2086.50.

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

Click Here

Today’s Hypotheses: June (U) Contract

Scenario 1: IF price holds ONL (2094.75) and subsequently converts 2100.00, THEN odds (50%) favor a move to test PH (2106.75). Conversion above this level targets 2108.50 – 2110.50. Further price strength accelerates price to potential 2115 TargetMaster Range Breakout Level and HOD Target.

Scenario 2: Violation and conversion of ONL (2094.75) favors a move down initially targeting 2092.25 – 2090.50 zone. Below this zone measures Average Decline Target at 2086.50.

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

Leave a Reply