Trade Strategy 3.25.22

Markets

Source: SeekingAlpha.com

Economic Calendar

10:00 Consumer Sentiment
10:00 Pending Home Sales
1:00 PM Baker-Hughes Rig Count

1https://www.investing.com/economic-calendar/

***New: PTG Trading Room Chat Log’s Link

S&P 500

Prior Session was Cycle Day 3 (CD3): Prices continued to rally, temporarily pausing near the 4500 level, producing a Positive 3 Day Cycle. Prior range was 72 handles on 1.182M contracts exchanged. 

 …Transition from Cycle Day 3 to Cycle Day 1

This leads us into Cycle Day 1 (CD1): Today begins a new cycle, with the Average Decline measuring 4403. Pre-RTH trade activity has price above PH (4517.50), extending the current rally. Average True Range (ATR) continues to contract, which is supportive of this bullish rally. As such, estimated scenarios to consider for today’s trading.

Bull Scenario: Price sustains a bid above 4518, initially targets 4532 – 4536 zone. 

Bear Scenario: Price sustains an offer below 4518, initially targets 4508 – 4500 zone. 

*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.

PVA High Edge = 4413       PVA Low Edge = 4473        Prior POC = 4513

Range Projections and Key Levels (ES) June 2022 (M) Contract

HOD  ATR Range Projection: 4596; LOD ATR Range Projection: 4435; 3 Day Central Pivot: 4482; 3 Day Cycle Target: 4536; 10 Day Average True Range; 96; VIX: 22

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Average Decline for CD1 measures 14220 for this cycle day. Prior range was 336 handles on 509k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.

Bull Scenario: IF Bulls sustain a bid above 14770, THEN initial upside estimate targets 14825 – 14868 zone.

Bear Scenario: IF Bears sustain an offer below 14770, THEN initial downside estimate targets 14693– 14670 zone.

PVA High Edge = 14634       PVA Low Edge = 14444     Prior POC = 14516

Range Projections and Key Levels (NQ) June 2022 (M) Contract

HOD  ATR Range Projection: 15114; LOD ATR Range Projection: 14420; 3 Day Central Pivot: 14577; 3 Day Cycle Target: 14953; 10 Day Average True Range: 420; VIX: 22

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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