Markets (Top Stories)
Source: http://seekingalpha.com
Economic Calendar
https://www.investing.com/economic-calendar/
S&P 500
Prior Session was Cycle Day 1 (CD1): Normal CD1 as price declined establishing new cycle low at 4186 handle. Prior range was 35 handles on 1.256M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2 (CD2): Expectation for this session is for consolidation continuation, as Mr. Market develops new acceptance zone. Possible retest of CD1 Low (4186) for surety. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 4205, initially targets 4220 – 4225 zone.
Bear Scenario: Price sustains an offer below 4205, initially targets 4190 – 4185 zone.
PVA High Edge = 4212 PVA Low Edge = 4203 Prior POC 4206
Range Projections and Key Levels (ES) June 2023 (M) Contract
HOD ATR Range Projection: 4238; LOD ATR Range Projection: 4180; 3 Day Central Pivot: 4202; 3 Day Cycle Target: 4257; 10 Day Average True Range 43; VIX: 17
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1 (CD1): Normal CD1 as price declined establishing new cycle low at 13794 handle. Prior range was 152 handles on 531k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2 (CD2): Expectation for this session is for consolidation continuation, as Mr. Market develops new acceptance zone. Possible retest of CD1 Low (13794) for surety. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 13900, initially targets 13970 – 13980 zone.
Bear Scenario: Price sustains an offer below 13900, initially targets 13850 – 13830 zone.
PVA High Edge = 13923 PVA Low Edge = 13880 Prior POC 13908
Range Projections and Key Levels (NQ) June 2022 (M) Contract
HOD ATR Range Projection: 14036; LOD ATR Range Projection: 13812; 3 Day Central Pivot: 13858; 3 Day Cycle Target: 14074; 10 Day Average True Range: 167; 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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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