Trade Strategy 4.19.24

Markets (Top Stories)

 

Source: investing.com

Economic Calendar

 

S&P 500

Prior Session was Cycle Day 2:  Opening strength pushed price to our stated target zone between 5079 – 5104 as outlined in prior DTS Briefing 4.18.24. Buyers could not sustain the bid and as such reversal unfolded, finding responsive buyers at the Initial Balance and PUT WALL zone. Brief bounce to VWAP was rejected and closed in the lower quartile of the day’s session. Range was 56 handles on 1.650M contracts exchanged.

***NOTE: IF you want to learn more about how the 3-day cycle levels are derived, THEN check out the FREE TRIAL offer below. Cycle Analysis is an integral part of the PTG Methodology.

 …Transition from Cycle Day 2 to Cycle Day 3

This leads us into Cycle Day 3Price closed near the CD1 Low (5047). The primary goal for cycle bulls is for price to trade above this level during RTH, which would satisfy the 3 Day Cycle Statistic. Should a stronger rally unfold, then upside targets 5084 – 5088 zone, On the flip-side, should selling pressure develop, lower targets measure 5030 – 5020 zone.

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 5085 – 5090 zone. 

Bear Scenario: Price sustains an offer below 5050, initially targets 5030 – 5020 zone.

PVA High Edge = 5073       PVA Low Edge = 5043         Prior POC = 5048

 

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)

Nasdaq 100 (NQ)

Prior Session was Cycle Day 2:  Opening strength pushed price to 3 Day Central Pivot Zone between 17747 – 17773. Buyers could not sustain the bid and as such reversal unfolded, closing on the lows of the day. Range was 264 handles on 749k contracts exchanged.

 …Transition from Cycle Day 2 to Cycle Day 3

This leads us into Cycle Day 3Price closed below the CD1 Low (17615.25). The primary goal for cycle bulls is for price to trade above this level during RTH, which would satisfy the 3 Day Cycle Statistic. Should a stronger rally unfold, then upside targets 17745 – 17760 zone, On the flip-side, should selling pressure develop, lower targets measure 17450 – 17415 zone.

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 17530, initially targets 17745 – 17760 zone. 

Bear Scenario: Price sustains an offer below 17530, initially targets 17450 – 17415 zone.

PVA High Edge = 18683       PVA Low Edge = 17528         Prior POC = 17568

Range Projections (NQ) June 2024 (M)

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

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