8:30 Personal Income and Outlays
10:00 New Home Sales
10:00 Consumer Sentiment
10:15 Fed’s Mester Speech
1:00 PM Baker-Hughes Rig Count
1:30 PM Fed’s Collins Speech
Prior Session was Cycle Day 3 (CD3): Three-Day Cycle Statistic was fulfilled as price tested high and low end of the statistical range parameters. Prior range was 60 handles on 1.894M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Price is reverting lower during overnight trade activity. Average Decline Range Projection measures 3974.50. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 3990, initially targets 4010 – 4015 zone.
Bear Scenario: Price sustains an offer below 3990, initially targets 3975 – 3970 zone.
PVA High Edge = 4034 PVA Low Edge = 4002 Prior POC = 4020
Range Projections and Key Levels (ES) March 2023 (H) Contract
HOD ATR Range Projection: 4055; LOD ATR Range Projection: 3959; 3 Day Central Pivot: 4015; 3 Day Cycle Target: 4066; 10 Day Average True Range 64; VIX: 21
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1): Price is reverting lower during overnight trade activity. Average Decline Range Projection measures 12022. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: IF Bulls sustains bid above 12100, THEN initial upside estimate targets 12160– 12170 zone.
Bear Scenario: IF Bears sustains offer below 12100, THEN initial downside estimate targets 12040 – 12020 zone.
PVA High Edge = 12258 PVA Low Edge = 12126 Prior POC = 12206
Range Projections and Key Levels (NQ) March 2022 (H) Contract
HOD ATR Range Projection: 12347; LOD ATR Range Projection: 11949; 3 Day Central Pivot: 12160; 3 Day Cycle Target: 12378; 10 Day Average True Range: 265; 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.
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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