Markets (Top Stories)

Corporate Earnings Calendar

 

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

Source: investing.com

Economic Calendar

S&P 500

Prior Session was Cycle Day 2:  Cycle rally continuation was this session’s trading theme as price surpassed 3 Day Cycle Target (5078), extending upwards to Statistical Deviation Levels (5102 – 5112).  Range was 75 handles on 1.297M 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 3: Price closed near the upper edge of CD2’s range with bulls in dominant control. 3 Day Cycle Targets have been surpassed…Hence we’ll mark today’s session as a “wild-card”, meaning further upside potential exists, though the next decline could begin at any time. 

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 5100, initially targets 5125 – 5130 zone. 

Bear Scenario: Price sustains an offer below 5100, initially targets 5085 – 5080 zone.

PVA High Edge = 5112       PVA Low Edge = 5085         Prior POC = 5106

 

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 >>> 5194
• BEAR ATR Range Projection >>>5034

Nasdaq 100 (NQ)

Prior Session was Cycle Day 2:  Cycle rally continuation was this session’s trading theme as price surpassed 3 Day Cycle Target (17472), extending upwards to Penetration Level (17610).  Range was 374 handles on 586k contracts exchanged.

 …Transition from Cycle Day 2 to Cycle Day 3

This leads us into Cycle Day 3: Price closed near the upper edge of CD2’s range with bulls in dominant control. 3 Day Cycle Targets have been surpassed…Hence we’ll mark today’s session as a “wild-card”, meaning further upside potential exists, though the next decline could begin at any time. 

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 17595, initially targets 17745 – 17775 zone. 

Bear Scenario: Price sustains an offer below 17595, initially targets 17530 – 17490 zone.

PVA High Edge = 17652       PVA Low Edge = 17490         Prior POC = 17595

Range Projections (NQ) June 2024 (M)

• BULL ATR Range Projection >>> 18032
• 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