Markets (Top Stories)
Source: investing.com
Economic Calendar
S&P 500
Prior Session was Cycle Day 3: Three-Day Cycle Target (5270) having been fulfilled, created a range bound MATD rhythmic session. Lower edge was LIS 5250 and Upper edge 5270. Actual HOD was three-ticks shy (5269.25) of our target. Close Enough! Overall it was an uneventful day, only to be “ECLIPSED” by the heavens. Range was 32 handles on 1.115M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Average Decline for CD1 measures 5220. For today’s session we will defer back to yesterday’s DTS 4.8.24 Briefing levels, as no significant structural level was violated. Keep in mind that compression leads to expansion, so remain focused and alert to an abrupt shift of sentiment.
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 5250, initially targets 5270 – 5275 zone.
Bear Scenario: Price sustains an offer below 5250, initially targets 5230 – 5225 zone.
PVA High Edge = 5260 PVA Low Edge = 5250 Prior POC = 5255
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 >>> 5307
- BEAR ATR Range Projection >>> 5209
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Three-Day Cycle Target (18381) having been fulfilled, created a range bound MATD rhythmic session. Lower edge was 3D CPZ (18265) and upper edge 5-Day VAH (18370) outlined this session. Overall it was an uneventful day, only to be “ECLIPSED” by the heavens. Range was 138 handles on 521k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Average Decline for CD1 measures 18260.50. For today’s session we will defer back to yesterday’s DTS 4.8.24 Briefing levels, as no significant structural level was violated. Keep in mind that compression leads to expansion, so remain focused and alert to an abrupt shift of sentiment.
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 18300, initially targets 18455 – 18500 zone.
Bear Scenario: Price sustains an offer below 18300, initially targets 18225 – 18190 zone.
PVA High Edge = 18322 PVA Low Edge = 18280 Prior POC = 18300
Range Projections (NQ) June 2024 (M)
- BULL ATR Range Projection >>> 18550
- BEAR ATR Range Projection >>> 18086
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