Economic Calendar 

4:05 Fed’s Williams Speech
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
11:15 Fed’s Harker: Economic Outlook
1:00 PM Janet Yellen speech
1:00 PM Results of $34B, 5-Year Note Auction

PTG Trading

Weekly Review and Preview can be viewed @ PTG Preview 6.26 – 6.30

Failed breakout in ES and reversal in NQ sent price back down into last weeks range. This sets up a potential test and possible break of 2428 key range low in S&P e-mini.

Today is Cycle Day 2 (CD2)…Possible range low measures 2419.84 with cycle low 2414.65.

Range Projections and Key Levels

HOD  ATR Range Projection: 2444.32; LOD ATR Range Projection: 2423.00; Cycle Day 1 Low: 2428.00; 3 Day Central Pivot: 2434.50; 3 Day Cycle Target: 2447.00; 10 Day Average True Range: 14.32

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

Today’s Hypotheses: September 2017 (U) 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: Bulls need to convert 2438 to upper support to re-ignite the rally attempted in prior session. IF successful, THEN upside measure 2447 3 Day Cycle Target.

Scenario 2: Bears are looking for a violation and conversion of 2428 to get some forced selling, which targets 2423 handle down to 2414 Cycle Range Low.

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.

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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