Markets (Top Stories)
Source: investing.com
Economic Calendar
S&P 500
Prior Session was Cycle Day 2: Power Cycle as price continued rallying, surpassing all target objectives. Range was 52 handles on 974k contracts exchanged.
***NOTE: IF you want to learn more about how the 3-day cycle levels are derived, THEN check out the FREE TRIAL offer below. Cycle Analysis is an integral part of the PTG Methodology.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Given that all cycle targets have been surpassed, bullish momentum may extend price higher before the next rotational decline unfolds. We will mark this session as a “wild-card”, so remain flexible and in alignment with Mr. Market’s Rhythms. .
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 5200, initially targets 5215 – 5220 zone.
Bear Scenario: Price sustains an offer below 5200, initially targets 5185 – 5175 zone.
PVA High Edge = 5198 PVA Low Edge = 5183 Prior POC = 5176
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 >>> 5275
- BEAR ATR Range Projection >>> 5134
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Power Cycle as price continued rallying, surpassing all target objectives. Range was 217 handles on 389k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Given that all cycle targets have been surpassed, bullish momentum may extend price higher before the next rotational decline unfolds. We will mark this session as a “wild-card”, so remain flexible and in alignment with Mr. Market’s Rhythms. .
As such, scenarios to consider for today’s trading.
.Bull Scenario: Price sustains a bid above 18180, initially targets 18220 – 18240 zone.
Bear Scenario: Price sustains an offer below 18180, initially targets 18155 – 18135 zone.
PVA High Edge = 18136 PVA Low Edge = 18041 Prior POC = 18098
Range Projections (NQ) June 2024 (M)
- BULL ATR Range Projection >>> 18528
- BEAR ATR Range Projection >>> 17843
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
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uce 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.
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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