Trade Strategy 6.12.19

Markets

In Asia, Japan -0.3%. Hong Kong -1.9%. China -0.6%. India -0.5%. 
In Europe, at midday, London -0.6%. Paris -0.6%. Frankfurt -0.4%. 
Futures at 6:20, Dow -0.2%. S&P -0.2%. Nasdaq -0.4%. Crude -2.6% to $51.91. Gold +0.6% to $1338.80. Bitcoin +2.2% to $7986. 
Ten-year Treasury Yield -2 bps to 2.12%

(Source: Seeking Alpha)  

Economic Calendar

http://mam.econoday.com/

8:30 Consumer Price Index
10:00 Atlanta Fed’s Business Inflation Expectations
10:30 EIA Petroleum Inventories
1:00 PM Results of $24B, 10-Year Note Auction
2:00 PM Treasury Budget

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

S&P 500

Today is Cycle Day 3 …Cycle Objectives have been fulfilled with Positive 3 Day Rally Statistic. Key Decision Point remains 2880 handle as Bulls are expected to defend this weekly Profile Pivot. With cycle targets reached, the next decline can begin at any time.

CD3 Range High = 2899.00          CD3 Range Low = 2867.00          CD3 Range Avg = 35.50

Scenario 1: IF Bulls hold bid above 2880, THEN initial upside targets 2888 – 2890 zone.

Scenario 2: IF Bears hold offer below 2880, THEN initial downside targets 2870 – 2865 zone.

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

HOD  ATR Range Projection: 2910.00; LOD ATR Range Projection: 2850.00; Cycle Day 1 Low: 2880.50; 3 Day Central Pivot: 2884.00; 3 Day Cycle Target: 2908.50; 10 Day Average True Range 34.50; VIX: 16.32

Nasdaq 100 (NQ)

Today is Cycle Day 3…Positive 3 Day Rally is in-place and as such, the next decline can begin at any time. Price is currently below PL (7492.75) trading within 3 Day Central Pivot Zone. Bulls need to recover back above prior low and previous settlement.

CD3 Range High = 7530.00         CD3 Range Low = 7473.50          CD3 Range Avg = 111.00

Scenario 1: IF Bulls hold bid above 7493, THEN initial upside potential targets 7508 – 7518 zone.

Scenario 2: IF Bears hold offer below 7493, THEN initial downside targets 7463 – 7456 zone.

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

HOD  ATR Range Projection: 7601.00; LOD ATR Range Projection: 7402.50; Cycle Day 1 Low: 7431.25; 3 Day Central Pivot: 7475.00; 3 Day Cycle Target: 7554.50; 10 Day Average True Range: 128.64; VIX: 16.32

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