In Asia, Japan +0.19%. Hong Kong -0.14%. China -0.51%. India -0.15%.
In Europe, at midday, London +0.31%. Paris -0.24%. Frankfurt -0.23%.
Futures at 6:20, Dow -0.06%. S&P -0.09%. Nasdaq -0.09%. Crude +0.82% to $66.09. Gold -0.18% to $1,275.40. Bitcoin +4.7% to $5,576.70.
Ten-year Treasury Yield -0.7bps to 2.583%.
(Source: Seeking Alpha)
Today is Cycle Day 3 …Positive 3 Day Cycle with potential to expand higher if price can convert above prior session’s range. Upside potential measures 2924 – 2926 range high zone.
CD3 Range High = 2931.50 CD3 Range Low = 2891.00 CD3 Range Avg = 28.50
Scenario 1: IF Bulls hold bid above 2908, THEN initial upside target measures 2915 – 2918 zone. Next higher target measures 2924 – 2926 zone.
Scenario 2: IF Bears hold offer below 2908, THEN initial downside target measures 2906.50 – 2904.00 zone.
Range Projections and Key Levels (ES) June (M) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3…Positive 3 Day Cycle with potential to expand higher if price can convert above prior session’s range. Upside potential measures 7768 – 7780 range high zone.
CD3 Range High = 7811.50 CD3 Range Low = 7661.00 CD3 Range Avg = 87.00
Scenario 1: IF Bulls hold bid above 7725, THEN initial upside potential targets 7746.75 prior session high. Conversion of this level opens skylight targeting 7768 – 7780 zone.
Scenario 2: IF Bears hold offer below 7725, THEN initial downside targets 7700 – 7692 Range Low Zone.
Range Projections and Key Levels (NQ) June (M) Contract
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!
“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.
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