Markets (Top Stories)
Economic Calendar
https://www.investing.com/economic-calendar/
S&P 500
Prior Session was Cycle Day 1: Continuation Gap higher fueled by aggressive bullish action was today’s scenario, as outlined in prior DTS Briefing 3.21.24. MATD rhythms held firm all day, oscillating within the context of PTG’s upper target zone (5305 – 5310). Range was 29 handles on 1.248M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Anticipating continued MATD rhythms as bulls have total ball control and it is theirs to lose. Upside Cycle Targets project 5335 – 5340. We’ll mark 5300 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 5300, initially targets 5335 – 5340 zone.
Bear Scenario: Price sustains an offer below 5300, initially targets 5280 – 5275 zone.
PVA High Edge = 5220 PVA Low Edge = 5307 Prior POC = 5315
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 >>> 5360
- BEAR ATR Range Projection >>> 5254
Target Master
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Continuation Gap higher fueled by aggressive bullish action was today’s scenario. MATD rhythms held firm for the morning session, as bulls lost some of that bid heading into the closing bell. Range was 159 handles on 474k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Anticipating continued MATD rhythms as bulls have total ball control and it is theirs to lose. We’ll mark 18550 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 18550, initially targets 18600 – 18620 zone.
Bear Scenario: Price sustains an offer below 18550, initially targets 18495 – 18475 zone.
PVA High Edge = 18698 PVA Low Edge = 18610 Prior POC = 18650
Range Projections (NQ) June 2024 (M)
- BULL ATR Range Projection >>> 18852
- BEAR ATR Range Projection >>> 18308
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.
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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