S&P 500
Prior Session was Cycle Day 2: Textbook (CD2) as price tested both the upside 5565 (to-the-tick & HOD) and the downside (5510) edges outlined in the prior DTS Briefing 9.4.24. As posted, our anticipation of MATD rhythms unfolded near perfectly, with plenty of trade opportunity. Range was 58 handles on 1.689M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Price has fulfilled the primary cycle target (5554) and is currently above the Cycle Day 1 Low (5516.75), so expectation is for satisfaction of the 3 Day Cycle statistic, which has a 90% historical tracking that P > CD1 Low on CD3. There continues to be additional upside potential should the bulls regain dominant ball control. Failure to hold CD1 Low / PL portends renewed liquidation momentum opening up lower targets noted below.
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 5515, initially targets 5555 – 5560 zone.
Bear Scenario: Price sustains an offer below 5515, initially targets 5495 – 5475 zone.
PVA High Edge = 5544 PVA Low Edge = 5521 Prior POC = 5532
ES Chart
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Textbook (CD2) as price tested both the upside (19046 – 19108) and the downside (18870 – 18850) zonal edges outlined in the prior DTS Briefing 9.4.24. As posted, our anticipation of MATD rhythms unfolded near perfectly, with plenty of trade opportunity. Range was 289 handles on 576k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Price has fulfilled the primary cycle target (19061) and is currently above the Cycle Day 1 Low (18911), so expectation is for satisfaction of the 3 Day Cycle statistic, which has a 90% historical tracking that P > CD1 Low on CD3. There continues to be additional upside potential should the bulls regain dominant ball control. Failure to hold CD1 Low / PL portends renewed liquidation momentum opening up lower targets noted below.
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 18960, initially targets 19115 – 19165 zone.
Bear Scenario: Price sustains an offer below 18960, initially targets 18905 – 18865 zone.
PVA High Edge = 19055 PVA Low Edge = 18910 Prior POC = 18960
NQ Chart
Economic Calendar
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