Trade Strategy 3.31.22

Markets

Economic Calendar

8:30 Initial Jobless Claims
8:30 Personal Income and Outlays
9:45 Chicago PMI
10:30 EIA Natural Gas Inventory
3:00 PM Farm Prices
4:30 PM Fed Balance Sheet

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

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

S&P 500

Prior Session was Cycle Day 1 (CD1): Normal CD1 as price did produce a decline fulfilling some downside objectives. Inside day also formed as range was contained within previous session. Prior range was 53 handles on 1.150M contracts exchanged. 

 …Transition from Cycle Day 1 to Cycle Day 2

This leads us into Cycle Day 2 (CD2): Inside-Inside >>> Price is currently trading within prior value, which is within prior value. This type action is balancing/consolidation, normal for a Cycle Day 2 activity. End of Quarter shuffling “re-balancing” will likely be center-stage for today’s activity. As such, estimated scenarios to consider for today’s trading.

Bull Scenario: Price sustains a bid above 4600, initially targets 4615 – 4625 zone. 

Bear Scenario: Price sustains an offer below 4600, initially targets 4585 – 4580 zone.

PVA High Edge = 4520       PVA Low Edge = 4595         Prior POC = 4615

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

HOD  ATR Range Projection: 4660; LOD ATR Range Projection: 4545; 3 Day Central Pivot: 4586; 3 Day Cycle Target: 4570; 10 Day Average True Range  70; VIX: 20

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Normal for CD2 is for “back n fill’ activity as End of Quarter re-balancing takes center-stage today. Average True Range has contracted over 200 handles and current reading is 322. Prior range was 250 handles on 505k contracts traded.  As such, there are two estimated scenarios to consider for today’s trading.

Bull Scenario: IF Bulls sustain a bid above 15125, THEN initial upside estimate targets 15155 – 15190 zone.

Bear Scenario: IF Bears sustain an offer below 15125, THEN initial downside estimate targets 15075 – 15025 zone.

PVA High Edge = 15218       PVA Low Edge = 15115     Prior POC = 15155

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

HOD  ATR Range Projection: 15398; LOD ATR Range Projection: 14859; 3 Day Central Pivot: 15052; 3 Day Cycle Target: 15444; 10 Day Average True Range: 322; VIX: 20

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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