10:00 Leading Indicators
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Prior Session was Cycle Day 3 (CD3): Price rallied surpassing prior high fulfilling cycle objectives. Prior range was 79 handles on 1.527M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Average Decline measures 3922. Normal for CD1 is a decline to find a new secure cycle low. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 3980, initially targets 3995 – 4000 zone.
Bear Scenario: Price sustains an offer below 3980, initially targets 3965 – 3960 zone.
PVA High Edge = 3990 PVA Low Edge = 3935 Prior POC = 3986
Range Projections and Key Levels (ES) March 2023 (H) Contract
HOD ATR Range Projection: 4047; LOD ATR Range Projection: 3928; 3 Day Central Pivot: 3954; 3 Day Cycle Target: 4015; 10 Day Average True Range 66; VIX: 20
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1)…Average Decline measures 11407. Normal for CD1 is a decline to find a new secure cycle low. As such, estimated scenarios to consider for today’s trading. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: IF Bulls sustains bid above 11650, THEN initial upside estimate targets 11705– 11730 zone.
Bear Scenario: IF Bears sustains offer below 11650, THEN initial downside estimate targets 11625 – 11615 zone.
PVA High Edge = 11384 PVA Low Edge = 11464 Prior POC = 11672
Range Projections and Key Levels (NQ) March 2023 (H) Contract
HOD ATR Range Projection: 11910; LOD ATR Range Projection: 11446; 3 Day Central Pivot: 11515; 3 Day Cycle Target: 11784; 10 Day Average True Range: 260; 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.
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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