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Prior Session was Cycle Day 1 (CD1): Shallow decline was produced during Globex Session, but when RTH opened it was TVGR that drove the session, rallying throughout the day, closing near highs. Projected CD1 Average Range Target >> 3852.50 (3797 + 55.50) was fulfilled “to-the-tick”. POWER OF TAYLOR 3 DAY CYCLE! Range was 64 handles on 1.198M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2 (CD2): Cycle objectives have been fulfilled so expectation for today’s session is for some consolidation of prior rally. As such, there are two estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 3852, initially targets 3860 – 3863 zone.
2.) Price sustains an offer below 3852, initially targets 3845 – 3840 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Statistic covering 12 years of recorded tracking history.
PVA High Edge = 3852 PVA Low Edge = 3826 Prior POC = 3848
Range Projections and Key Levels (ES) March 2021 (H) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 2 (CD2)…Price is currently trading above prior value zone during GLOBEX Session. Prior range was 310 handles on 430k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 13326 PVA Low Edge = 13181 Prior POC = 13230
Bull Scenario: IF Bulls sustain a bid above 13327, THEN initial upside estimate targets 13357 – 13377 zone.
Bear Scenario: IF Bears sustain an offer below 13327, THEN initial downside estimate targets 13300 – 13270 zone.
Range Projections and Key Levels (NQ) March 2021 (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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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