8:30 Durable Goods
8:30 Personal Income and Outlays
10:00 New Home Sales
10:00 Consumer Sentiment
1:00 PM Baker-Hughes Rig Count
***New: PTG Average Daily Range Calculator
Prior Session was Cycle Day 2 (CD2): Risk-Off Selling hit the markets once again, driving prices lower before late day rally back to mid-point of session. Range was 131 handles on 1.752M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): Price is currently trading at CD1 Low (3855.50) securing a positive cycle statistic. As such, estimated scenarios to consider for today’s trading. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains bid above 3850, initially targets 3865 – 3870 zone.
Bear Scenario: Price sustains offer below 3850, initially targets 3835 – 3830 zone.
PVA High Edge = 3863 PVA Low Edge = 3808 Prior POC = 3833
Range Projections and Key Levels (ES) March 2022 (H) Contract
HOD ATR Range Projection: 3931; LOD ATR Range Projection: 3772; 3 Day Central Pivot: 3865; 3 Day Cycle Target: 3915; 10 Day Average True Range 93; VIX: 21
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD3)…Price is currently trading below CD1 Low (11181) with favorable odds to recover this level and securing a positive cycle statistic. 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 11060, THEN initial upside estimate targets 11120 – 11140 zone.
Bear Scenario: IF Bears sustains offer below 11060, THEN initial downside estimate targets 11000 – 10980 zone.
PVA High Edge = 11070 PVA Low Edge = 10902 Prior POC = 11004
Range Projections and Key Levels (NQ) March 2023 (H) Contract
HOD ATR Range Projection: 11335; LOD ATR Range Projection: 10786; 3 Day Central Pivot: 11310; 3 Day Cycle Target: 11348; 10 Day Average True Range: 324; VIX: 21
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.
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 SHOWN6.22.22