Markets (Top Stories)
Economic Calendar (Week of 3/11 – 3/15)
https://www.investing.com/economic-calendar/
S&P 500
Contract Rollover: Front Month June (M)
Prior Session was Cycle Day 1: Rally off the open extended to CD1 Penetration Level where sellers were actively responding, absorbing and rejecting the bids, reversing price, which began the trek lower fulfilling projected CD1 target (5121.75), which was the Low of Day (March). Temporary bounce and sell-down into the closing bell marked this bearish day. Range was 71 handles on 2.044M contracts exchanged.
As posted to X:
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Market closed with bearish momentum, so it will be incumbent on the bulls to squelch the current downward momentum. Price is back within the 5-day value zone as price is adjusted for contract rollover. We’ll mark 5195 (June) as today’s Line in the Sand (LIS).
As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces.
Scenarios to consider for today’s trading. (June M Contract)
Bull Scenario: Price sustains a bid above 5195, initially targets 5215 – 5220 zone.
Bear Scenario: Price sustains an offer below 5195, initially targets 5160 – 5155 zone.
PVA High Edge = 5168 PVA Low Edge = 5145 Prior POC = 5157
PTG 3 Day Cycle
EXCLUSIVE OFFER
*****The 3 Day Cycle has a 90% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
Range Projections (ES) June 2024 (M)
- BULL ATR Range Projection >>> 5234
- BEAR ATR Range Projection >>> 5147
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Rally off the open extended to 3 Day Cycle Target (18371) (March) where sellers were actively responding, absorbing and rejecting the bids reversing price, which began the trek lower fulfilling projected CD1 target (18012.50) (March). Range was 424 handles on 977k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Market closed with bearish momentum, so it will be incumbent on the bulls to squelch the current downward momentum. We’ll mark 18300 (June) as today’s Line in the Sand (LIS).
As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces.
Scenarios to consider for today’s trading. (June M Contract)
Bull Scenario: Price sustains a bid above 18300, initially targets 18340 – 18380 zone.
Bear Scenario: Price sustains an offer below 18300, initially targets 18165 – 18135 zone.
PVA High Edge = 18426 PVA Low Edge = 18151 Prior POC = 18321
Range Projections (NQ) June 2024 (M)
- BULL ATR Range Projection >>> 18512
- BEAR ATR Range Projection >>> 18040
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.
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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