Trade Strategy 3.20.24

Posted on by March 20, 2024

Markets (Top Stories)

Here’s What to Expect From Powell

  • Interest Rates: The Federal Reserve is expected to maintain interest rates at the highest level in 23 years, ranging between 5.25% and 5.5%. This aims to control inflation, but investors hope for a swift rate cut. Inflation has retreated from its peak in 2022 but remains above the Fed’s 2% target.
  • Dot Plot and Projections: Powell will present the dot plot during the press conference, illustrating interest rate projections until 2026.
  • Balancing Decisions: Powell must balance a gradually slowing labor market with a robust consumption trend.

Investors and analysts will closely monitor Powell’s remarks to gauge the Fed’s future actions and their impact on global markets.

Monetary policy decisions and rate projections will significantly influence future trading strategies and economic outlooks.

Source: investing.com

Economic Calendar

S&P 500

Prior Session was Cycle Day 2: Trend Day Up unfolded fulfilling some upper cycle levels. Range was 58 handles on 1.318M contracts exchanged.

 …Transition from Cycle Day 2 to Cycle Day 3

This leads us into Cycle Day 3: The MAIN EVENT for today’s session is FOMC / Presser. Expectations are noted in the section above. 3 Day Cycle objectives have been fulfilled, so we’ll mark today’s session as a “wild-card” given the high potential for sharp volatility-induced price swings. 

As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces. As such, scenarios to consider for today’s trading.

Bull Scenario: Price sustains a bid above 5235, initially targets 5260 – 5265 zone. 

Bear Scenario: Price sustains an offer below 5235, initially targets 5215 – 5205 zone.

PVA High Edge = 5244       PVA Low Edge = 5200         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 2: Trend Day Up unfolded fulfilling some upper range zones. Range was 236 handles on 515k contracts exchanged.

 …Transition from Cycle Day 2 to Cycle Day 3

This leads us into Cycle Day 3: The MAIN EVENT for today’s session is FOMC / Presser. Expectations are noted in the section above. 3 Day Cycle objectives have been fulfilled, so we’ll mark today’s session as a “wild-card” given the high potential for sharp volatility-induced price swings. 

As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces. As such, scenarios to consider for today’s trading.

Bull Scenario: Price sustains a bid above 18275, initially targets 18353 – 18380 zone. 

Bear Scenario: Price sustains an offer below 18275, initially targets 18200 – 18175 zone.

PVA High Edge = 18285       PVA Low Edge = 18125     Prior POC = 18250

Range Projections (NQ) June 2024 (M)

TargetMaster

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

Comments are closed.