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Prior Session was Cycle Day 3 (CD3): Price retreated from Friday’s rally to consolidate recent gains. Support was found at the 4140 – 4142 five-day value low zone. Range was 42.25 handles on 1.441M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Price is currently trading above prior value, but within 2-day value area. Overnight, price renewed bid from the 5-day POC (4157.50) and is currently trading above 5-day VAH (4167.50). As such, estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 4178, initially targets 4185 – 4190 zone.
2.) Price sustains an offer below 4178, initially targets 4165 – 4160 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistic covering 12 years of recorded tracking history.
PVA High Edge = 4159 PVA Low Edge = 4146 Prior POC = 4158
Range Projections and Key Levels (ES) June 2021 (M) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1)…Price is currently trading within 2-day Value Zone and above 5-day POC (13358). Prior range was 266 handles on 479k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 13323 PVA Low Edge = 13228 Prior POC = 13265
Bull Scenario: IF Bulls sustain a bid above 13358, THEN initial upside estimate targets 13400 – 13430 zone.
Bear Scenario: IF Bears sustain an offer below 13358, THEN initial downside estimate targets 13323 – 13300 zone.
Range Projections and Key Levels (NQ) June 2021 (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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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