Markets (Top Stories)
Economic Calendar
https://www.investing.com/economic-calendar/
S&P 500
Prior Session was Cycle Day 2: Price continued to rally surpassing Three-Day Cycle Targets and fulfilling CD2 Penetration Levels. Range was 60 handles on 1.506M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Prices are trading near All-Time Highs and with Three-Day Cycle Targets fulfilled, we will mark today’s session as a “wild-card”.” Bulls continue to dominate, though a corrective pullback can unfold at any time. As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces. As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 5140, initially targets 5150 – 5155 zone.
Bear Scenario: Price sustains an offer below 5140, initially targets 5130 – 5125 zone.
PVA High Edge = 5148 PVA Low Edge = 5115 Prior POC = 5145
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) March 2024 (H)
- BULL ATR Range Projection >>> 5187
- BEAR ATR Range Projection >>> 5098
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Price continued to rally surpassing Three-Day Cycle Targets and fulfilling CD2 Penetration Levels. Range was 173 handles on 546k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Prices are trading near highs and with Three-Day Cycle Targets fulfilled, we will mark today’s session as a “wild-card”.” Bulls continue to dominate, though a corrective pullback can unfold at any time. As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces. As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 18310, initially targets 18370 – 18390 zone.
Bear Scenario: Price sustains an offer below 18310, initially targets 18285 – 18240 zone.
PVA High Edge = 18372 PVA Low Edge = 18147 Prior POC = 18340
Range Projections (NQ) March 2024 (H)
- BULL ATR Range Projection >>> 18611
- BEAR ATR Range Projection >>> 18081
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.
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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