Markets (Top Stories)
Economic Calendar
https://www.investing.com/economic-calendar/
S&P 500
PTG 3 Day Cycle
EXCLUSIVE OFFER
Prior Session was Cycle Day 3 (CD3): Price continued this cycle’s rally fulfilling 5044.50 CD3 Penetration Level. Prior range was 40.75 handles on 1.303M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Average Decline measures 5017. Today is the follow-up PPI Report which will provide insight into wholesale inflation pressures. Bulls have done an admirable job absorbing recent selling and recovering back to CPI market levels. We’ll remain flexible and as always, stay aligned with the intra-day supply/demand influences. As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 5035, initially targets 5055 – 5060 zone.
Bear Scenario: Price sustains an offer below 5035, initially targets 5025 – 5020 zone.
PVA High Edge = 5039 PVA Low Edge = 5011 Prior POC = 5025
Range Projections (ES) March 2024 (H)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3 (CD3): Price continued this cycle’s rally fulfilling 17972 CD3 Penetration Level. Prior range was 187.75 handles on 653k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Average Decline measures 17854. Today is the follow-up PPI Report which will provide insight into wholesale inflation pressures. Bulls have done an admirable job absorbing recent selling and recovering back to CPI market levels. We’ll remain flexible and as always, stay aligned with the intra-day supply/demand influences. As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 17910, initially targets 17970 – 18010 zone.
Bear Scenario: Price sustains an offer below 17910, initially targets 17875 – 17850 zone.
PVA High Edge = 17923 PVA Low Edge = 17843 Prior POC = 17910
Range Projections (NQ) March 2024 (H)
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