Markets (Top Stories)
Economic Calendar (4/1 – 4/5)
https://www.investing.com/economic-calendar/
S&P 500
Prior Session was Cycle Day 3: Three-Day Cycle Statistic was fulfilled today as price ended the previous week at All-Time Highs. Bulls are “rockin” so we’ll continue to show proper R-E-S-P-E-C-T.! Range was 20 handles on 1.130M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Cycle Day 1 Average Decline measures 5273. Key support is marked at 5300 roundie. Upper support is marked at 5320 as long as sustained bid can be maintained. IF successful, THEN upside targets measure 5330 – 5335. Failure to maintain sustained bid opens trap door to potential reversionary trade back to key support.
As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces.
Scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 5320, initially targets 5330 – 5335 zone.
Bear Scenario: Price sustains an offer below 5320, initially targets 5305 – 5300 zone.
PVA High Edge = 5314 PVA Low Edge = 5506 Prior POC = 5310
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) June 2024 (M)
- BULL ATR Range Projection >>> 5350
- BEAR ATR Range Projection >>> 5288
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Three-Day Cycle Statistic was fulfilled today as price ended the previous week at All-Time Highs. Bulls are “rockin” so we’ll continue to show proper R-E-S-P-E-C-T.! Range was 91 handles on 505k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Cycle Day 1 Average Decline measures 18423. Key support is marked at 18450. Upper support is marked at 18530 as long as sustained bid can be maintained. IF successful, THEN upside targets measure 18590 – 18620. Failure to maintain sustained bid opens door to potential reversionary trade back to key support.
As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces.
Scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 18530, initially targets 18590 – 18620 zone.
Bear Scenario: Price sustains an offer below 18530, initially targets 18490 – 18450 zone.
PVA High Edge = 18507 PVA Low Edge = 18472 Prior POC = 18490
Range Projections (NQ) June 2024 (m)
- BULL ATR Range Projection >>> 18700
- BEAR ATR Range Projection >>> 18386
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