Buyers responded to recent price weakness resulting in an oversold rally which reached our projected retracement level (2055.75) outlined in DTS 03.26.15 Scenario 1. In overnight trade price retested prior high (2058.75) and was rejected, pushing price back down to Central Pivot Zone 2046.00 – 2048.50. Expectation for today is further consolidation within recent range 2033 – 2058.

Today is Cycle Day 3 (CD3)…Odds of 3D Rally > 10 = 82%; Odds od 3D Rally > 20 = 54%; Average Range = 17.75; Max Average Range = 21.50; Possible High = 2066.00 based upon average penetration of CD2 high; Possible Low = 2021.50 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 above 2039.50, THEN there is a 40% chance of making high above PH (2058.75)…IF this level is converted, THEN upside target 2066.00 – 2069.50 3D CPZ.

Scenario 2: Violation of 2039.50 increases odds (55%) of retesting PL (2033.25) targeting TargetMaster Range Breakdown Level 2031.25. Below this level measures 2021.50 extreme 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