Trade Strategy 3.7.24

Posted on by March 7, 2024

Markets (Top Stories)

Economic Calendar

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

S&P 500

Prior Session was Cycle Day 2: Price established a cycle low at 5063 on CD1 as outlined in prior DTS Briefing 3.6.24.  Just as Reminder (JAR), the primary objective of the 3 Day Cycle is to established a Low (CD1) from which to rally. Cycle Day 2 (CD2) rhythms typically unfold as a MATD, or as a continuation rally, which happened for this session, fulfilling 5134 10-day ATR Range. Range was 50 handles on 1.876M contracts exchanged.

We posted X @PolarisTrading

Here is link to: PTG Daily Range Target Calculator

 

 …Transition from Cycle Day 2 to Cycle Day 3

This leads us into Cycle Day 3: Primary 3-Day Cycle Target (5105) has been fulfilled as price settled within the mid-zone of multi-day composite range. Bulls will need to push to Clear and Convert (CnC) 5150 level, whereas Bears will be gunning to force liquidation below CD1 Low (5063). We’ll mark 5113 as today’s Line in the Sand (LIS) as current distribution is fairly balanced.

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 5113, initially targets 5120 – 5125 zone. 

Bear Scenario: Price sustains an offer below 5113, initially targets 5100 – 5095 zone.

PVA High Edge = 5120       PVA Low Edge = 5100         Prior POC = 5113

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)

Nasdaq 100 (NQ)

Prior Session was Cycle Day 2: Price established a cycle low at 17832.50 on CD1 as outlined in prior DTS Briefing 3.6.24.  Just as Reminder (JAR), the primary objective of the 3 Day Cycle is to established a Low (CD1) from which to rally. Cycle Day 2 (CD2) rhythms typically unfold as a MATD, or as a continuation rally, which happened for this session. Range was 231 handles on 797k contracts exchanged.

 …Transition from Cycle Day 2 to Cycle Day 3

This leads us into Cycle Day 3: Price has recovered back to 5-day mid value zone as the market explores accepted balance parameters. We’ll mark 18050 as today’s Line in the Sand (LIS) as current distribution is fairly balanced.

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 18050, initially targets 18105 – 18125 zone. 

Bear Scenario: Price sustains an offer below 18050, initially targets 18000 – 17980 zone.

PVA High Edge = 18103       PVA Low Edge = 18011     Prior POC = 18044

Range Projections (NQ) March 2024 (H)

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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