Markets

Source: Seeking Alpha

Economic Calendar

 S&P 500

Prior Session was Cycle Day 3: Markets managed to secure a Positive 3 Day Cycle (92.11%) albeit, a much less robust cycle as compared to the previous cycle. This demonstrates the market rhythms of ‘expansionary and contractionary’ phases. Range for ES was 37 handles on 1.131M contracts exchanged.

 …Transition from Cycle Day 3 to Cycle Day 1 

This leads us into Cycle Day 1: As price continues to consolidate ahead of key CPI & FOMC releases on Wednesday, normal for CD1 would be for an average decline measuring 5341. Three Day Value Area is outlined by 5355 – 5370 as price nudges up against Weekly Value High Edge (5373.50). Our discipline of maintaining positioning that is aligned with market forces continues to serve us well, so stay the course.

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

Bull Scenario: Price sustains a bid above 5365, initially targets 5385 – 5390 zone. 

Bear Scenario: Price sustains an offer below 5365, initially targets 5345 – 5340 zone.

PVA High Edge = 5373       PVA Low Edge = 5352         Prior POC = 5366

 

PTG 3 Day Cycle

EXCLUSIVE OFFER

*****The 3 Day Cycle has a 92.11% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history. 

    Range Projections (ES) June 2024 (M)

• BULL ATR Range Projection >>> 5424
• BEAR ATR Range Projection >>> 5316

Nasdaq 100 (NQ)

Prior Session was Cycle Day 3: Markets managed to secure a Positive 3 Day Cycle (92.11%) albeit, a much less robust cycle as compared to the previous cycle. This demonstrates the market rhythms of ‘expansionary and contractionary’ phases. Range for NQ was 155 handles on 565k contracts exchanged.

 …Transition from Cycle Day 3 to Cycle Day 1 

This leads us into Cycle Day 1: As price continues to consolidate ahead of key CPI & FOMC releases on Wednesday, normal for CD1 would be for an average decline measuring 19012. Five Day Value Area is outlined by 19024 – 19110 with POC-5 19096, which we’ll mark as today’s LIS. Our discipline of maintaining positioning that is aligned with market forces continues to serve us well, so stay the course.

Bull Scenario: Price sustains a bid above 19096, initially targets 19165 – 19175 zone. 

Bear Scenario: Price sustains an offer below 19096, initially targets 19024 – 19012 zone.

PVA High Edge = 19116       PVA Low Edge = 19031         Prior POC = 19096

Range Projections (NQ) June 2024 (M)

• BULL ATR Range Projection >>> 19341
• BEAR ATR Range Projection >>> 18858

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