Markets
Source: Seeking Alpha
Economic Calendar
S&P 500
Prior Session was Cycle Day 3: Positive 3 Day “Power” Cycle exceeded all upside statistical targets, as price notched a new contract high. Range was 71 handles on 1.330M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Normal for Cycle Day 1 would be for a decline measuring 5302 (primary), with a deeper decline measuring 5281 (secondary). So with bulls in control and at highs, momentum may push price higher before the next decline begins. 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 5330, initially targets 5350 – 5355 zone.
Bear Scenario: Price sustains an offer below 5330, initially targets 5315 – 5310 zone.
PVA High Edge = 5337 PVA Low Edge = 5299 Prior POC = 5245
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 >>> 5379
- BEAR ATR Range Projection >>> 5290
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Positive 3 Day “Power” Cycle exceeded all upside statistical targets, as price closed near high of day. Range was 314 handles on 596k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Normal for Cycle Day 1 would be for a decline measuring 18590 (primary), with a deeper decline measuring 18427 (secondary). So with bulls in control and at highs, momentum may push price higher before the next decline begins. As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces.
Bull Scenario: Price sustains a bid above 18690, initially targets 18745 – 18750 zone.
Bear Scenario: Price sustains an offer below 18690, initially targets 18650 – 18640 zone.
PVA High Edge = 18705 PVA Low Edge = 18510 Prior POC = 18688
Range Projections (NQ) June 2024 (M)
- BULL ATR Range Projection >>> 18913
- BEAR ATR Range Projection >>> 18510
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.” –BR
*****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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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