Markets
Forward Contract Month is September (U) 2024
Understanding Futures Expiration & Contract Roll
Economic Calendar
S&P 500
Prior Session was Cycle Day 1: Price established a new cycle low early in this session at 5462 handle. Markets are in the midst of contract rollover and it can be a confusing time for many traders, but it need not be. (see CME educational link above). Simply make the necessary chart adjustments to comply with the adjusted data and continue on as normal. Range for ES was 30 handles on 821k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: This week is going to be somewhat “chopped” with markets observing “Juneteenth” on Wednesday; Then there is Option Expiry on Friday. With markets near ATH, just “Go With The Flow” (GWTF). 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 5500, initially targets 5515 – 5520 zone.
Bear Scenario: Price sustains an offer below 5500, initially targets 5485 – 5480 zone.
PVA High Edge = 5498 PVA Low Edge = 5479 Prior POC = 5489
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) Sept 2024 (U)
- BULL ATR Range Projection >>> 5543
- BEAR ATR Range Projection >>> 5458
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Price established a new cycle low early in this session at 19762 handle. Markets are in the midst of contract rollover and it can be a confusing time for many traders, but it need not be. (see CME educational link above). Simply make the necessary chart adjustments to comply with the adjusted data and continue on as normal. Range for ES was 198 handles on 512k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: This week is going to be somewhat “chopped” with markets observing “Juneteenth” on Wednesday; Then there is Option Expiry on Friday. With markets near ATH, just “Go With The Flow” (GWTF). 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 19925, initially targets 19990 – 20000 zone.
Bear Scenario: Price sustains an offer below 19925, initially targets 19885 – 19865 zone.
PVA High Edge = 19931 PVA Low Edge = 19856 Prior POC = 19882
Range Projections (NQ) Sept 2024 (U)
- BULL ATR Range Projection >>> 20150
- BEAR ATR Range Projection >>> 19762
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