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 5047. Range was 73 handles on 1.876M 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 (5047) targets 5079 – 5104 zone. Odds heavily favor a recovery rally, though there may be a retest of CD1 Low first for surety. 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 5050, initially targets 5080 – 5085 zone.
Bear Scenario: Price sustains an offer below 5050, initially targets 5025 – 5020 zone.
PVA High Edge = 5095 PVA Low Edge = 5056 Prior POC = 5067
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 >>> 5144
- BEAR ATR Range Projection >>> 4983
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Normal CD1 as price declined establishing a new Cycle Low at 17615.25. Range was 353 handles on 834k 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 (17615.25) targets 17851 – 17883 zone, which would be a reversion to 5-day POC. Odds heavily favor a recovery rally, though there may be a retest of CD1 Low first for surety. 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 17660, initially targets 17828 – 17883 zone.
Bear Scenario: Price sustains an offer below 17660, initially targets 17615 – 17593 zone.
PVA High Edge = 17839 PVA Low Edge = 17631 Prior POC = 17704
Range Projections (NQ) June 2024 (M)
- BULL ATR Range Projection >>> 18025
- BEAR ATR Range Projection >>> 17330
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