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Prior Session was Cycle Day 3 (CD3): Cycle Objectives were fulfilled as price closed strong to end the week. Range was 121.50 handles on 2.776M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Normal for CD1 is for a decline with average measuring 3790.75. Three-fourths of that target has been achieved during overnight trade, so momentum to begin the RTH is favoring sellers. As such, there are two estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 3815, initially targets 3830 – 3835 zone.
2.) Price sustains an offer below 3815, initially targets 3800 – 3790 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Statistic covering 12 years of recorded tracking history.
PVA High Edge = 3802 PVA Low Edge = 3737 Prior POC = 3767
Range Projections and Key Levels (ES) March 2021 (H) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1)…Price has fulfilled the CD1 Average Decline Objective (12403) during overnight trade and has subsequently bounced higher from that level. Prior Range was 490 handles on 991k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 12534 PVA Low Edge = 12288 Prior POC = 12375
Bull Scenario: IF Bulls sustain a bid above 12460, THEN initial upside estimate targets 12520 – 12550 zone.
Bear Scenario: IF Bears sustain an offer below 12460, THEN initial downside estimate targets 12400 – 12375 zone.
Range Projections and Key Levels (NQ) March 2021 (H) 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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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