Trade Strategy 2.12.24

Markets (Top Stories)

Economic Calendar 

https://www.investing.com/economic-calendar/

S&P 500

Prior Session was Cycle Day 2 (CD2) This cycle’s rally continued fulfilling 5045 3 Day Cycle Target. Prior range was 35 handles on 1.140M contracts exchanged.

 …Transition from Cycle Day 2 to Cycle Day 3

This leads us into Cycle Day 3 (CD3): Three-Day Cycle Target (5045) is fulfilled, though with bullish momentum intact, we’ll mark today as a “wild-card” with price at All-Time Highs, though a corrective pullback/decline could begin at any time. That said, our daily plan remains unchanged. Stay flexible and in-alignment with the primary intra-day forces. As such, scenarios to consider for today’s trading.

Bull Scenario: Price sustains a bid above 5040, initially targets 5050 – 5055 zone. 

Bear Scenario: Price sustains an offer below 5040, initially targets 5030 – 5025 zone.

PVA High Edge = 5045       PVA Low Edge = 2027        Prior POC = 5042

Range Projections (ES) March 2024 (H) ***click links to access PTG Daily Range Calculator

Nasdaq 100 (NQ)

Prior Session was Cycle Day 2 (CD2) This cycle’s rally continued closing on weekly highs on lower than average volume. Prior range was 218 handles on 490k contracts exchanged.

 …Transition from Cycle Day 2 to Cycle Day 3

This leads us into Cycle Day 3 (CD3): Primary 3 Day Cycle Target (17933) has been fulfilled, with secondary target measuring 18122. We’ll mark today as a “wild-card” with price at highs, though a corrective pullback/decline could begin at any time. That said, our daily plan remains unchanged. Stay flexible and in-alignment with the primary intra-day forces. As such, scenarios to consider for today’s trading.

Bull Scenario: Price sustains a bid above 18040, initially targets 18125 – 18160 zone. 

Bear Scenario: Price sustains an offer below 18040, initially targets 17975 – 17955 zone.

PVA High Edge = 18068      PVA Low Edge = 17931     Prior POC = 18010

Range Projections (NQ) March 2024 (H)

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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