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Prior Session was Cycle Day 3 (CD3): First week of the new year began will selling and ended the same way…Selling. Though 3-Day Cycle Statistic was fulfilled. albeit narrowly. It was by all metrics, a weak start. Range was 52 handles on 1.493M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Today begins a new cycle, with the Average Decline measuring 4642. Price has violated PL (4654) and fulfilled CD1 Violation Level (4638) during overnight trade activity. As such, estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 4642, initially targets 4650 – 4652 zone.
2.) Price sustains an offer below 4642, initially targets 4634 – 4632 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
PVA High Edge = 4688 PVA Low Edge = 4668 Prior POC = 4678
Range Projections and Key Levels (ES) March 2022 (H) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1)…Price has violated the PL (15510), pushing down to CD1 Violation Level (15390). Prior range was 343 handles on 677k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 15723 PVA Low Edge = 15548 Prior POC = 15612
Bull Scenario: IF Bulls sustain a bid above 15390, THEN initial upside estimate targets 15430 – 15450 zone.
Bear Scenario: IF Bears sustain an offer below 15390, THEN initial downside estimate targets 15370– 15360 zone.
Range Projections and Key Levels (NQ) March 2022 (H) Contract
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.
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