Trade Strategy 3.19.24

Posted on by March 19, 2024

Markets (Top Stories)

Economic Calendar 

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

S&P 500

Prior Session was Cycle Day 1: Gap opening drove price higher fulfilling CD1 range projection target (5239) where sellers were responsive in ample size to reject buyers, stalling their advance. Remainder of the day saw a tight consolidation, which concluded with $5.5 Billion Market On Close Sell Imbalance. Range was 58 handles on 1.307M contracts exchanged.

As posted to X:

…Transition from Cycle Day 1 to Cycle Day 2

This leads us into Cycle Day 2: Market has pulled back to lower CD2 range edge (5205) as price continues to consolidate in-advance of Wednesday’s FOMC decision. We’ll continue to anticipate lower relative volatility, with traders not making any new major positioning decisions. We’ll mark 5205 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 5205, initially targets 5220 – 5225 zone. 

Bear Scenario: Price sustains an offer below 5205, initially targets 5190 – 5185 zone.

PVA High Edge = 5235       PVA Low Edge = 5218         Prior POC = 5225

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: Gap opening drove price higher fulfilling CD1 range projection target (18364) (see screenshot below) where sellers were responsive in ample size to reject buyers, stalling their advance. Remainder of the day saw a tight consolidation, which concluded with $5.5 Billion Market On Close Sell Imbalance. Range was 318 handles on 644k contracts exchanged.

***Screenshot from Cycle Day 1 Spreadsheet delivered to subscriber inbox for next trading session.

NQ had a 57% chance of making a high above 18322.75 and UP TO 18364.48.

***See 3 Day Cycle Offer Above***

…Transition from Cycle Day 1 to Cycle Day 2

This leads us into Cycle Day 2: Market has pulled back to lower CD2 range edge (18182) as price continues to consolidate in-advance of Wednesday’s FOMC decision. We’ll continue to anticipate lower relative volatility, with traders not making any new major positioning decisions. We’ll mark 18182 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 18182, initially targets 18275 – 18294 zone. 

Bear Scenario: Price sustains an offer below 18182, initially targets 18110 – 18090 zone.

PVA High Edge = 18349       PVA Low Edge = 18252     Prior POC = 18287

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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