Trade Strategy 3.14.24

Posted on by March 14, 2024

Markets (Top Stories)

 

Economic Calendar 

 

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

S&P 500

Contract Rollover: Front Month June (M)

Prior Session was Cycle Day 1: Price failed to rally above prior high and spent all day trading in a narrow range (30 handles). Volatility crush ahead of PPI Report and Triple OPEX on Friday. Cycle Day 1 Low was established at 5217.50 as lower target zone was fulfilled per DTS Briefing 3.13.24. Range was 30 handles on 1.291M contracts exchanged.

As posted to X:

 

…Transition from Cycle Day 1 to Cycle Day 2

This leads us into Cycle Day 2: Today’s economic event is the release of Producer Price Index (PPI) which is a “secondary” inflation metric. The “key driver” remains the Triple OPEX as more than $2.7T options are expiring. Volatility is expected to remain contained per the Gamma Guys read for this expiration cycle. We’ll mark 5230 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. 

Bull Scenario: Price sustains a bid above 5230, initially targets 5250 – 5255 zone. 

Bear Scenario: Price sustains an offer below 5230, initially targets 5220 – 5215 zone.

PVA High Edge = 5541       PVA Low Edge = 5232         Prior POC = 5233

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)

Nasdaq 100 (NQ)

Prior Session was Cycle Day 1: Price failed to sustain a bid above 18460 level which was prior session’s Line in the Sand (LIS) as noted in DTS Briefing 3.13.24. Volatility crush ahead of PPI Report and Triple OPEX on Friday dominated the trade activity. Cycle Day 1 Low was established at 18281.75 which fell within our lower target zone parameters. Range was 225 handles on  687k contracts exchanged.

…Transition from Cycle Day 1 to Cycle Day 2

This leads us into Cycle Day 2: Today’s economic event is the release of Producer Price Index (PPI) which is a “secondary” inflation metric. The “key driver” remains the Triple OPEX as more than $2.7T options are expiring. Volatility is expected to remain contained per the Gamma Guys read for this expiration cycle. We’ll mark 18350 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. 

Bull Scenario: Price sustains a bid above 18350, initially targets 18400 – 18425 zone. 

Bear Scenario: Price sustains an offer below 18350, initially targets 18285 – 18265 zone.

PVA High Edge = 18388       PVA Low Edge = 18315     Prior POC = 18330

Range Projections (NQ) June 2024 (M)

Target Master

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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