Markets (Top Stories)

 

Economic Calendar

 

https://www.investing.com/economic-calendar/

S&P 500

Prior Session was Cycle Day 3: Three-Day Cycle Targets were fulfilled as price closed near the high of the day following an “inline” CPI Report, as traders remain enthusiastic of a June rate cut.  Range was 70 handles on 1.604M contracts exchanged.

 …Transition from Cycle Day 3 to Cycle Day 1

This leads us into Cycle Day 1: Having closed near the highs, momentum may extend price higher before the next decline begins. Should a decline develop, CD1 average measures 5195. We’ll mark 5235 as today’s Line in the Sand (LIS). 

As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces.

Scenarios to consider for today’s trading.

Bull Scenario: Price sustains a bid above 5235, initially targets 5250 – 5255 zone. 

Bear Scenario: Price sustains an offer below 5235, initially targets 5225 – 5220 zone.

PVA High Edge = 5245       PVA Low Edge = 5208         Prior POC = 5141

PTG 3 Day Cycle

EXCLUSIVE OFFER

*****The 3 Day Cycle has a 90% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.

    Range Projections (ES) June 2024 (M)

• BULL ATR Range Projection >>> 5294
• BEAR ATR Range Projection >>> 5183
   

  

Nasdaq 100 (NQ)

Prior Session was Cycle Day 3: Three-Day Cycle Targets were fulfilled as price closed near the high of the day following an “inline” CPI Report, as traders remain enthusiastic of a June rate cut.  Range was 317 handles on 676k contracts exchanged.

 …Transition from Cycle Day 3 to Cycle Day 1

This leads us into Cycle Day 1: Having closed near the highs, momentum may extend price higher before the next decline begins. Should a decline develop, CD1 average measures 18223. We’ll mark 18460 as today’s Line in the Sand (LIS). 

As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces.

Scenarios to consider for today’s trading.

Bull Scenario: Price sustains a bid above 18460, initially targets 18550 – 18580 zone. 

Bear Scenario: Price sustains an offer below 18460, initially targets 18410 – 18390 zone.

PVA High Edge = 18485       PVA Low Edge = 18318     Prior POC = 18398

Range Projections (NQ) June 2024 (m)

• BULL ATR Range Projection >>> 18755
• BEAR ATR Range Projection >>> 18171

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