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Prior Session was Cycle Day 2 (CD2): Normal CD2 trade action did unfold as expected, with price balancing as an “inside-day”. Range was 36 handles on 1.265M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): Price is trading in a relatively narrow range during pre-RTH session inside prior 2-day value zone and 3 Day Central Pivot. This is “price compression” and will lead to expansion. Key levels to watch are the prior value edges…3918…3890. As such, there are two estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 3905, initially targets 3918 – 3920 zone.
2.) Price sustains an offer below 3905, initially targets 3890 – 3885 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Statistic covering 12 years of recorded tracking history.
PVA High Edge = 3918 PVA Low Edge = 3900 Prior POC = 3903
Range Projections and Key Levels (ES) March 2021 (H) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD3)…Price is currently trading in of prior value zone. Prior range was 131 handles on 491k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 13734 PVA Low Edge = 13682 Prior POC = 13707
Bull Scenario: IF Bulls sustain a bid above 13705, THEN initial upside estimate targets 13665 – 13775 zone.
Bear Scenario: IF Bears sustain an offer below 13705, THEN initial downside estimate targets 13665 – 13625 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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