Markets (Top Stories)
Source: investing.com
Economic Calendar
S&P 500
Contract Rollover: Front Month June (M)
Prior Session was Cycle Day 2: This session was clearly a distribution day as any attempt to clear the VWAP Zone was rejected with strong sell response. Longs ultimately buckled under the persistent selling pressure fulfilling 5190 CD2 projected range low. This also matched with PTG’s Target Master Zone (5192). Range was 65 handles on 1.961M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: The MAIN EVENT for today’s session is TRIPLE WITCH OPEX. Price is hovering at the CD1 Low (5217), which we will use as today’s Line in the Sand (LIS). Positive Three Day Cycle Statistic will be satisfied with trade above this level during RTH.
As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces. As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 5217, initially targets 5230 – 5235 zone.
Bear Scenario: Price sustains an offer below 5217, initially targets 5205 – 5195 zone.
PVA High Edge = 5224 PVA Low Edge = 5202 Prior POC = 5118
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 >>> 5272
- BEAR ATR Range Projection >>> 5160
TargetMaster
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: This session was clearly a distribution day as any attempt to clear the VWAP Zone was rejected with strong sell response. Longs ultimately buckled under the persistent selling pressure fulfilling 18223 CD2 projected range low. This also matched with PTG’s Target Master Zone (18183). Range was 267 handles on 786k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: The MAIN EVENT for today’s session is TRIPLE WITCH OPEX. Price is hovering at the CD1 Low (18282), which we will use as today’s Line in the Sand (LIS). Positive Three Day Cycle Statistic will be satisfied with trade above this level during RTH.
As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces. As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 18282, initially targets 18325 – 18345 zone.
Bear Scenario: Price sustains an offer below 18282, initially targets 18215 – 18185 zone.
PVA High Edge = 18332 PVA Low Edge = 18215 Prior POC = 18290
Range Projections (NQ) June 2024 (M)
- BULL ATR Range Projection >>> 18534
- BEAR ATR Range Projection >>> 17960
TargetMaster
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