(Source: Seeking Alpha)

Economic Calendar 

8:00 PM Janet Yellen speech
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 New Home Sales
10:30 EIA Natural Gas Inventory
12:00 PM Fed’s Kashkari speech
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
7:00 PM Fed’s Kaplan: Economic Outlook and Monetary Policy

PTG Trading

Bulls counter-punched and fended off any additional selling and by session settlement had rallied reaching our initial target 2346 – 48 zone outlined in prior DTS Briefing 3.22.17.

Today is Cycle Day 1 (CD1)…Price in currently trading @ 2347.00, straight within yesterdays target zone. Market has one last chance for rally to 2365.50 (CD1 Low) recovering a potential negative 3 Day Cycle. Today’s healthcare vote may be a catalyst for next move.

Range Projections and Key Levels

HOD  ATR Range Projection: 2358.63; LOD ATR Range Projection: 2332.88; Cycle Day 1 Low: 2365.50; 3 Day Central Pivot: 2354.50; 3 Day Cycle Target: 2361.50; 10 Day Average True Range: 16.63

**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Today’s Hypotheses: June 2017 (M) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1:  Bulls will need to hold above 2342 handle and convert 2348 to upper support. IF successful, THEN initial target is 2352.50 – 2356.50 3 Day Central Pivot Zone.

Scenario 2:  Bears will need to convert 2342 to lower resistance for a retest of 2332 pivot support. Average Decline on CD1 measures 2328.50.

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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