Cash Equity Markets are Closed. Futures Markets close early at 1:15 est.
No Calendar Events
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Prior Session was Cycle Day 3 (CD3): Price continued this cycle’s rally surpassing targets and notching new all-time high. Range was 42 handles on 940k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Momentum has carried over overnight, pushing price higher into D-Level / Money Box Zone. As such, there are two estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 3945, initially targets 3952 – 3958 zone.
2.) Price sustains an offer below 3945, initially targets 3938 – 3936 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Statistic covering 12 years of recorded tracking history.
PVA High Edge = 3918 PVA Low Edge = 3904 Prior POC = 3917
Range Projections and Key Levels (ES) March 2021 (H) Contract
HOD ATR Range Projection: 3975; LOD ATR Range Projection: 3911; 3 Day Central Pivot: 3909; 10 Day Average True Range 40; VIX: 20
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1)…Price has continued its rally above PH (13820.75) achieving CD1 Average Penetration Level (13849). Prior Range was 164 handles on 377k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 13747 PVA Low Edge = 13691 Prior POC = 13740
Bull Scenario: IF Bulls sustain a bid above 13850, THEN initial upside estimate targets 13867 – 13873 zone.
Bear Scenario: IF Bears sustain an offer below 13850, THEN initial downside estimate targets 13821 – 13810 zone.
Range Projections and Key Levels (NQ) March 2021 (H) Contract
HOD ATR Range Projection: 13988; LOD ATR Range Projection: 13688; 3 Day Central Pivot: 13698; 10 Day Average True Range: 178; VIX: 20
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!
“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.
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