Markets (Top Stories)

Source: investing.com

Economic Calendar

S&P 500

Prior Session was Cycle Day 2: Cash Markets were closed in observance of Memorial Day while the Futures Markets were open for half-day. Bullish momentum remains in-place as price drifted higher, closing on highs of the day. Range was 22 handles on 85985 contracts exchanged.

 …Transition from Cycle Day 2 to Cycle Day 3

This leads us into Cycle Day 3: There is room for the current rally to continue higher, however if markets open for the RTH Session above the CD1 Low, the next decline could begin at any time. 

As such, scenarios to consider for today’s trading.

Bull Scenario: Price sustains a bid above 5325, initially targets 5340 – 5345 zone. 

Bear Scenario: Price sustains an offer below 5325, initially targets 5315 – 5305 zone.

PVA High Edge = 5324       PVA Low Edge = 5316         Prior POC = 5320

 

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 >>> 5357
• BEAR ATR Range Projection >>> 5290

Nasdaq 100 (NQ)

Prior Session was Cycle Day 2: Cash Markets were closed in observance of Memorial Day while the Futures Markets were open for half-day. Bullish momentum remains in-place as price drifted higher, closing on highs of the day. Range was 122 handles on 72658 contracts exchanged.

 …Transition from Cycle Day 2 to Cycle Day 3

This leads us into Cycle Day 3: There is room for the current rally to continue higher, however if markets open for the RTH Session above the CD1 Low, the the next decline could begin at any time. 

As such, scenarios to consider for today’s trading.

.Bull Scenario: Price sustains a bid above 18950, initially targets 19032 – 19054 zone. 

Bear Scenario: Price sustains an offer below 18950, initially targets 18880 – 18850 zone.

PVA High Edge = 18908       PVA Low Edge = 18844         Prior POC = 18876

Range Projections (NQ) June 2024 (M)

• BULL ATR Range Projection >>> 19044
• BEAR ATR Range Projection >>> 18746

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.” –BR

*****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