Markets (Top Stories)
Economic Calendar
S&P 500
Prior Session was Cycle Day 1: Price rallied first to PTG’s initial target zone 5330 – 5335 where buyers could not sustain an ample bid. Reversal back below LIS (5320) set the RTH’s tone as selling persisted throughout the day fulfilling low CD1 Violation Level (5283). Range was 51 handles on 1.069M contracts exchanged.
***Spreadsheet screenshot highlighting 47% probability of hitting 5283 CD1 Violation Level
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: Price established a new cycle low at 5282.25. Any retest of CD1 Low must be defended by “Da Bulls”. Next objective is for the price to rally, so we will be looking for strength above 5290 Line in the Sand (LIS)
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 5290, initially targets 5305 – 5310 zone.
Bear Scenario: Price sustains an offer below 5290, initially targets 5265 – 5260 zone.
PVA High Edge = 5307 PVA Low Edge = 5283 Prior POC = 5294
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 >>> 5331
- BEAR ATR Range Projection >>> 5252
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Price rallied first to PTG’s initial target zone 18580 – 18585 where buyers could not sustain an ample bid. Reversal back below LIS (18530) set the RTH’s tone as selling persisted throughout the day fulfilling CD1 Average Decline Target (18423). Range was 197 handles on 562k contracts exchanged.
***Spreadsheet screenshot highlighting BOTH Upper & Lower CD1 target zones fulfilled!
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: Price established a new cycle low at 18414.50. Any retest of CD1 Low must be defended by “Da Bulls”. Next objective is for the price to rally, so we will be looking for strength above 18475 Line in the Sand (LIS)
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 18475, initially targets 18515 – 18540 zone.
Bear Scenario: Price sustains an offer below 18475, initially targets 18385 – 18355 zone.
PVA High Edge = 18540 PVA Low Edge = 18428 Prior POC = 18475
Range Projections (NQ) June 2024 (M)
- BULL ATR Range Projection >>> 18680
- BEAR ATR Range Projection >>> 18290
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