Trade Strategy 1.13.21

Markets

Source: SeekingAlpha.com

Economic Calendar

8:30 Consumer Price Index
10:00 Atlanta Fed’s Business Inflation Expectations
1:00 PM Results of $24B, 30-Year Note Auction
2:00 PM Treasury Budget

9:30 Fed’s Bullard: U.S. Economy and Monetary Policy
1:00 PM Fed’s Brainard: “The Economic Outlook and Full Employment”
2:00 PM Fed’s Harker: Economic Outlook
3:00 PM Fed’s Clarida Speech

10:30 EIA Petroleum Inventories

***New: PTG Trading Room Chat Log’s Link

S&P 500

***Written 8 pm Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The Opening Print” publication

Tuesday’s Session was Cycle Day 1 (CD1): Most of the session was of the moderately choppy variety, as it was an “inside-inside” value type day. Price did eventually decline to the projected CD1 Average Decline Target (3772) before rallying back fulfilling Average Rally Target (3792.75). Range was 38.75 handles on 1.195M contracts exchanged.

 …Transition from Cycle Day 1 to Cycle Day 2

This leads us into Cycle Day 2 (CD2): Part of this cycle’s rally is in-place, so expectation is for potentially more consolidation activity before breaking out directionally. There are two estimated scenarios to consider for today’s trading.

1.) Price sustains a bid above 3800, initially targets 3810 – 3820 zone.

2.) Price sustains an offer below 3785, initially targets 3775 – 3770 zone.

*****3 Day Cycle has a 91% probability of fulfilling Positive Statistic covering 12 years of recorded tracking history.

For more detailed information for both bullish and bearish projected targets, please visit: PTG 3 Day Cycle and/or reference the Cycle Spreadsheet below:

Link to access full Cycle Spreadsheet >> Cycle Day 2 (CD2)

PVA High Edge = 3804       PVA Low Edge = 3794         Prior POC = 3800

Range Projections and Key Levels (ES) March 2021 (H) Contract

HOD  ATR Range Projection: 3833; LOD ATR Range Projection: 3756; 3 Day Central Pivot: 3796; 3 Day Cycle Target: 3830; 10 Day Average True Range  49; VIX: 24

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price is currently trading within prior value zone during GLOBEX Session. Prior range was 192 handles on 457k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.

PVA High Edge = 12930       PVA Low Edge = 12865      Prior POC = 12884

Bull Scenario: IF Bulls sustain a bid above 12930, THEN initial upside estimate targets 13000 – 13038 zone.

Bear Scenario: IF Bears sustain an offer below 12855, THEN initial downside estimate targets 12800 – 12765 zone.

Range Projections and Key Levels (NQ) March 2021 (H) Contract

HOD  ATR Range Projection: 12650; LOD ATR Range Projection: 12686; 3 Day Central Pivot: 12775; 3 Day Cycle Target: 12815; 10 Day Average True Range: 159; VIX: 24

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.

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


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