Markets (Top Stories)
Economic Calendar
S&P 500 (ES)
Prior Session was Cycle Day 1: Normal CD1 as price declined establishing a new Cycle Low at 5150. Range was 98 handles on 1.905M contracts exchanged.
NOTE: Primary Objective for Cycle Day 1 is to establish a LOW from which to stage the next rally. This session was a “textbook” Cycle Day 1
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Cycle Day 2 Average Rally measured from the Cycle Day 1 Low (5150) targets 5203 – 5209 zone, which is square within the 5-day value area. Geo-political events is a “fluid” variable which can always be a “wild-card” for market’s reaction. Our job as traders is to maintain trade plan discipline to the Methodology, with proper risk management in case of exogenous events.
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 5170, initially targets 5190 – 5195 zone.
Bear Scenario: Price sustains an offer below 5170, initially targets 5150 – 5135 zone.
PVA High Edge = 5198 PVA Low Edge = 5151 Prior POC = 5170
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 >>> 5235
- BEAR ATR Range Projection >>> 5117
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Normal CD1 as price declined establishing a new Cycle Low at 18120.25. Range was 387 handles on 770k contracts exchanged.
NOTE: Primary Objective for Cycle Day 1 is to establish a LOW from which to stage the next rally. This session was a “textbook” Cycle Day 1
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Cycle Day 2 Average Rally measured from the Cycle Day 1 Low (18120.25) targets 18372 – 18409 zone, which would be a recovery of three-fourths of the prior CD1 decline. Geo-political events is a “fluid” variable which can always be a “wild-card” for market’s reaction. Our job as traders is to maintain trade plan discipline to the Methodology, with proper risk management in case of exogenous events.
Bull Scenario: Price sustains a bid above 18200, initially targets 18295 – 18315 zone.
Bear Scenario: Price sustains an offer below 18200, initially targets 18150 – 18120 zone.
PVA High Edge = 18295 PVA Low Edge = 18125 Prior POC = 18165
Range Projections (NQ) June 2024 (M)
- BULL ATR Range Projection >>> 18458
- BEAR ATR Range Projection >>> 17930
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