***New: PTG Trading Room Chat Log’s Link
***Written 8 pm Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The Opening Print” publication.
Tuesday’s Session was Cycle Day 2 (CD2): True to form for Cycle Day 2, price oscillated back n forth and tested the CD1 Low for surety. Range was 34.75 handles on 1.567M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): As long as price opens above CD1 Low, then Positive 3 Day Cycle Statistic is fulfilled. There does remain further upside potential should the bulls convert 3950 to solid support. As such, there are two estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 3950, initially targets 3970 – 3975 zone.
2.) Price sustains an offer below 3950, initially targets 3930 – 3925 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistic covering 12 years of recorded tracking history.
For more detailed information for both bullish and bearish projected targets, please visit: PTG 3 Day Cycle and/or reference the Cycle Spreadsheet below:
Link to access full Cycle Spreadsheet >> Cycle Day 3 (CD3)
PVA High Edge = 3950 PVA Low Edge = 3941 Prior POC = 3945
Range Projections and Key Levels (ES) June 2021 (M) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD3)…Price is currently trading within 2-day Value Zone. Prior range was 207 handles on 508k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 12880 PVA Low Edge = 12817 Prior POC = 12863
Bull Scenario: IF Bulls sustain a bid above 12900, THEN initial upside estimate targets 12965 – 12985 zone.
Bear Scenario: IF Bears sustain an offer below 12900, THEN initial downside estimate targets 12850 – 12825 zone.
Range Projections and Key Levels (NQ) June 2021 (M) Contract
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!
“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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