Markets (Top Stories)

Economic Calendar

Corporate Earnings Calendar

Tuesday, Apr 23 (AM): UPS, GM, LMT, SPOT, GE, PEP, RTY, FCX

Tuesday, Apr 23 (PM): TSLA, V

Wednesday, Apr 24 (AM): BA, T

Wednesday, Apr 24 (PM): META, F, IBM

Thursday, Apr 25 (AM): AAL, RCL

Thursday, Apr 25 (PM): MSFT, GOOGL, INTC, SNAP, ROKU

Friday, Apr 26 (AM): XOM, CVX, ABBV

S&P 500 (ES)

Prior Session was Cycle Day 1: CD1 Average Decline 5001 was established on CD3 (Friday) and was retested for surety during RTH Session. Range was 73 handles on 1.876M contracts exchanged.

We noted in prior DTS Briefing 4.22.24…Quote: “We’ll reference this level as “key support” on any retest during today’s session. IF there is no further selling, then expectation would be for a rally.” 

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: Three Day Cycle Rally objective (GBX) measures 5078, as prior HOD clicked @ 5076.75…essentially fulfilled. Markets pulled back into the closing bell with a $1.5B MOC lean. Typically for Cycle Day 2 we would be anticipating MATD rhythms.

Although the bulls did put on a good show rallying, they still have plenty of wood to chop to shift the 3 Day Central Pivot Zone bias back to bullish formation. Next several days is crucial to their resolve as the primary focus will be on Tech Earnings Reports.  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 5045, initially targets 5065 – 5075 zone. 

Bear Scenario: Price sustains an offer below 5045, initially targets 5030 – 5025 zone.

PVA High Edge = 5046       PVA Low Edge = 5006         Prior POC = 5029

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 >>> 5119
• BEAR ATR Range Projection >>> 4972
  

  

Nasdaq 100 (NQ)

Prior Session was Cycle Day 1: CD1 Low was established at 17148.25 early in the session, setting the stage for the rally, which unfolded, fulfilling upside target 17371 – 17405 zone. Range was 299 handles on 633k contracts exchanged.

 …Transition from Cycle Day 1 to Cycle Day 2

This leads us into Cycle Day 2: Three Day Cycle Rally objective measures 17454 – 17471 zone. Typically for Cycle Day 2 we would be anticipating MATD rhythms.

Although the bulls did put on a good show rallying, they still have plenty of wood to chop to shift the 3 Day Central Pivot Zone bias back to bullish formation. Next several days is crucial to their resolve as the primary focus will be on Tech Earnings Reports.  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 17320, initially targets 17400 – 17425 zone. 

Bear Scenario: Price sustains an offer below 17320, initially targets 17290 – 17260 zone.

PVA High Edge = 17321       PVA Low Edge = 17166     Prior POC = 17291

Range Projections (NQ) June 2024 (M)

• BULL ATR Range Projection >>> 17641
• BEAR ATR Range Projection >>> 17018

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