Markets
Forward Contract Month is September (U) 2024
Economic Calendar
S&P 500
Prior Session was Cycle Day 3: Markets exceeded their targets by 169.12% as the second 3-Day “Super” Cycle was achieved on the heals of CPI/FED releases this week. We were anticipating a MATD session on this cycle day and that is exactly what unfolded. Range for ES was 44 handles on 1.325M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Normal for CD1 would be for an average decline measuring between the 5408 – 5398 zone. Bulls continue to be the dominant force, so it is theirs to lose. 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 5425, initially targets 5455 – 5460 zone.
Bear Scenario: Price sustains an offer below 5425, initially targets 5405 – 5395 zone.
PVA High Edge = 5443 PVA Low Edge = 5423 Prior POC = 5440
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 >>> 5489
- BEAR ATR Range Projection >>> 5381
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: NAZ exceeded their targets by rallying from the CD1 Low (18994.50) to the CD3 High (19691) by 3.63%, as the second 3-Day “Super” Cycle was achieved on the heals of CPI/FED releases this week. We were anticipating a MATD session on this cycle day and that is exactly what unfolded. Range for NQ was 191 handles on 544k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Normal for CD1 would be for an average decline measuring between the 19574 – 19460 zone. Bulls continue to be the dominant force, so it is theirs to lose. 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 19550, initially targets 19690 – 19735 zone.
Bear Scenario: Price sustains an offer below 19550, initially targets 19460 – 19440 zone.
PVA High Edge = 19646 PVA Low Edge = 19568 Prior POC = 19636
Range Projections (NQ) June 2024 (M)
- BULL ATR Range Projection >>> 19862
- BEAR ATR Range Projection >>> 19353
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