Monday’s price consolidation was exactly what we were looking for following strong price action into last week’s settlement. Daily Trade Strategy 03.23.15 Trading range was relatively narrow at 7.75 handles with very few setups…Scalpers had intra-day control as volumes were below 1M contracts. Market on Close sell imbalance $550M drove price lower the last 15 minutes of session producing an “Inside-Day”.

Today is Cycle Day 3 (CD3)…Odds of 3D Rally > 10 = 82%; Odds of 3D Rally > 20 = 54%; Average Range = 17.75; Max Average Range = 21.50; Possible High = 2115 based upon average penetration of CD2 high; Possible Low = 2082.50 based upon average violation of CD2 low.

***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

 

Today’s Hypotheses: June (M) Contract

Scenario 1: IF Price holds at or above 2092.25, THEN there is a 70% chance of making a high above PDH (2107.00), with potential to expand upwards to 2115.50.

Scenario 2: Failure to convert PDH (2107.00) keeps price within prior session range and in consolidation mode. Anticipated buy response would be at following levels: 2094.75 – 2092.25 zone; 2088.75 – 2085.25 3D CPZ. IF these zones are violated THEN price targets 2077.25 – 2075.25 TargetMaster Range Breakdown Target.

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. – Bruce Lee