Markets

Prior Session was Cycle Day 3: Third (3rd) consecutive Three-Day Super Cycle, as price cleared all upside levels vaulting an amazing 204.75 pts (240.58%) of the 12 year historical cycle range.

Source: Yahoo Finance

Economic Calendar

Source: Investing.com

 S&P 500

Prior Session was Cycle Day 3: Third (3rd) consecutive Three-Day Super Cycle, as price cleared all upside levels vaulting an amazing 204.75 pts (240.58%) of the 12 year historical cycle range. Range was 100 handles on 1.345M contracts exchanged.

 …Transition from Cycle Day 3 to Cycle Day 1 

This leads us into Cycle Day 1: This session begins a new cycle with the primary objective to find a secure low from which to stage the next rally. Markets are still in full-blown “bull-mode” this week, totally reversing prior week’s dramatic volatility-induced sell-off. So we’ll respect the current momentum and stay properly aligned as per our daily core trade plan. Can Mr. Market make it a clean 7th day in a row of bullish closings? Stay Tooned!

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 5565, initially targets 5585 – 5595 zone. 

Bear Scenario: Price sustains an offer below 5565, initially targets 5550 – 5545 zone.

PVA High Edge = 5571     PVA Low Edge = 5536         Prior POC = 5566

*****The 3 Day Cycle has a 90.74% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history. 

   ES Chart

Nasdaq 100 (NQ)

Prior Session was Cycle Day 3: Third (3rd) consecutive Three-Day Super Cycle, as price cleared all upside levels vaulting an amazing (240.58%) of the 12 year historical cycle range. Range was 502 handles on 516k contracts exchanged.

 …Transition from Cycle Day 3 to Cycle Day 1 

This leads us into Cycle Day 1: This session begins a new cycle with the primary objective to find a secure low from which to stage the next rally. Markets are still in full-blown “bull-mode” this week, totally reversing prior week’s dramatic volatility-induced sell-off. So we’ll respect the current momentum and stay properly aligned as per our daily core trade plan. 

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 19570, initially targets 19671 – 19740 zone. 

Bear Scenario: Price sustains an offer below 19570, initially targets 19526 – 19483 zone.

PVA High Edge = 19600       PVA Low Edge = 19403         Prior POC = 19583

NQ Chart

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