Markets (Top Stories)
Source: investing.com
Economic Calendar
S&P 500
Prior Session was Cycle Day 3: Price closed below the Cycle Day 1 Low (5150) which constitutes a “failed” 3 Day Cycle. We knew given the magnitude of the decline on CD2 that it was a steep-hill to reclaim the CD1 Low. Range was 44 handles on 2.036 contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Average Decline for CD1 measures 5069. There does remain an opportunity to negate the failure by recovering 5150 during today’s session, IF bulls can clear & convert 5125 handle. This would provide a window of opportunity for reclaiming. Average Range for CD1 is 57.50.
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 5100, initially targets 5125 – 5130 zone.
Bear Scenario: Price sustains an offer below 5100, initially targets 5075 – 5070 zone.
PVA High Edge = 5105 PVA Low Edge = 5090 Prior POC = 5100
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 >>> 5175
- BEAR ATR Range Projection >>> 5022
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Price closed below the Cycle Day 1 Low (18120) which constitutes a “failed” 3 Day Cycle. We knew given the magnitude of the decline on CD2 that it was a steep-hill to reclaim the CD1 Low. Range was 196 handles on 759k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Average Decline for CD1 measures 17730.50. There does remain an opportunity to negate the failure by recovering 18120 during today’s session, IF bulls can clear & convert 18000 handle. This would provide a window of opportunity for reclaiming. Average Range for CD1 is 231 handles.
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 17875, initially targets 18000 – 18030 zone.
Bear Scenario: Price sustains an offer below 17875, initially targets 17790 – 17775 zone.
PVA High Edge = 17913 PVA Low Edge = 17858 Prior POC = 17871
Range Projections (NQ) June 2024 (M)
- BULL ATR Range Projection >>> 18238
- BEAR ATR Range Projection >>> 17583
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