Markets (Top Stories)
Source: seekingalpha.com
Economic Calendar
https://www.investing.com/economic-calendar/
S&P 500
Prior Session was Cycle Day 3 (CD3): Markets finished this positive cycle with a consolidation session to end the breakout week. Prior range was 35 handles on 1.612M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Average Decline for CD1 measures 4175 handle. Price continues to consolidate within prior session’s range (4210 – 4190). As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 4210, initially targets 4220 – 4225 zone.
Bear Scenario: Price sustains an offer below 4210, initially targets 4190 – 4185 zone.
PVA High Edge = 4218 PVA Low Edge = 4193 Prior POC 4205
Range Projections and Key Levels (ES) June 2023 (M) Contract
HOD ATR Range Projection: 4228; LOD ATR Range Projection: 4164; 3 Day Central Pivot: 4187; 3 Day Cycle Target: 4257; 10 Day Average True Range 41; VIX: 17
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3 (CD3): Markets finished this positive cycle with a consolidation session to end the breakout week. Prior range was 146 handles on 652k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Average Decline for CD1 measures 13780 handle. Price continues to consolidate within prior session’s range (13880 – 13815). As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 13880, initially targets 13925 – 13945 zone.
Bear Scenario: Price sustains an offer below 13880, initially targets 13795 – 13780 zone.
PVA High Edge = 13900 PVA Low Edge = 13840 Prior POC = 13850
Range Projections and Key Levels (NQ) June 2022 (M) Contract
HOD ATR Range Projection: 13958; LOD ATR Range Projection: 13716; 3 Day Central Pivot: 13762; 3 Day Cycle Target: 13074; 10 Day Average True Range: 163; VIX: 17
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.
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