Markets

Source: Seeking Alpha

Economic Calendar

 S&P 500

Prior Session was Cycle Day 3: This cycle completed its upward trek by fulfilling CD3 Penetration Levels followed by MATD ‘back n fill’ consolidation rhythms.  Textbook 3 Day Cycle. Range was 24 handles on 1.064M 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 5192 (RECAP), with a deeper decline measuring 5165 (RECAPMA). Bulls continue to maintain control above 5200 handle. Break below this level targets levels noted above. Break above the 5225 opens skylight to push to the 5240 – 5245 zone.  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 5215, initially targets 5225 – 5230 zone. 

Bear Scenario: Price sustains an offer below 5215, initially targets 5205 – 5200 zone.

PVA High Edge = 5220       PVA Low Edge = 5208         Prior POC = 5215

 

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 >>> 5276
• BEAR ATR Range Projection >>> 5148

Nasdaq 100 (NQ)

Prior Session was Cycle Day 3: This cycle completed its upward trek by fulfilling CD3 Penetration Levels followed by MATD ‘back n fill’ consolidation rhythms.  Textbook 3 Day Cycle. Range was 115 handles on 464k 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 18149 (RECAP), with a deeper decline measuring 17960 (RECAPMA). Bulls continue to maintain control above 18150 handle. Break below this level targets levels noted above. Break above the 18266 opens skylight to push to the 18305 – 18310 zone.  As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces.

Bull Scenario: Price sustains a bid above 18200, initially targets 18240 – 18265 zone. 

Bear Scenario: Price sustains an offer below 18200, initially targets 18180 – 18165 zone.

PVA High Edge = 18227       PVA Low Edge = 18169         Prior POC = 18200

Range Projections (NQ) June 2024 (M)

• BULL ATR Range Projection >>> 18507
• BEAR ATR Range Projection >>> 17885

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.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

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