(Source: Seeking Alpha)

Economic Calendar 

International trade in goods
8:55 Redbook Chain Store Sales
9:00 S&P Corelogic Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 Richmond Fed Mfg.
10:00 State Street Investor Confidence Index
12:45 PM Fed’s George speech
1:00 PM Results of $26B, 5-Year Note Auction

PTG Trading

Bulls got the help they needed in prior session to rally price back above CD1 Low (2338.25) to notch a Positive 3 Day Cycle as outline in Scenario 1 of prior DTS Briefing 3.27.17.

Today begins a new Cycle Day 1 (CD1)…Normal is for some magnitude decline to unfold today should yesterday’s counter-trend rally fizzle n drizzle. Average Decline on CD1 measures 2330 handle. Any pullback below this level could spell trouble for the bulls to regain full control.

Range Projections and Key Levels

HOD  ATR Range Projection: 2353.95; LOD ATR Range Projection: 2324.80; Cycle Day 1 Low: 2338.25; 3 Day Central Pivot: 2340.25; 3 Day Cycle Target: 2357.50; 10 Day Average True Range: 19.20

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

Today’s Hypotheses: June 2017 (M) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1:  Price will need to hold at or above 2330 – 2332 zone for support to keep prior session’s rally intact. IF successful, THEN primary objective is to convert 2345 weekly point-of-control to upper support, which would open door to 2350.

Scenario 2:  Bears need to cap price action at prior high (2341.50) and push for a violation and conversion of 2332.30 zone to lower resistance. IF successful, THEN retest of prior low (2317.75) could unfold.

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

*****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.

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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