Markets
Economic Calendar
8:30 International Trade in Goods (Advance)
8:30 Retail Inventories (Advance)
8:30 Wholesale Inventories (Advance)
9:00 S&P Corelogic Case-Shiller Home Price Index
9:00 FHFA House Price Index
10:00 Consumer Confidence
10:00 Richmond Fed Mfg.
12:30 PM Fed’s Daly Speech
1:00 PM Results of $40B, 7-Year Note Auction
1:00 PM Money Supply
https://www.investing.com/economic-calendar/
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S&P 500
Prior Session was Cycle Day 3 (CD3): Positive 3-Day Cycle, as price consolidated near current “relief-rally” highs. Prior range was 55 handles on 1.446M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Today begins a new cycle, with the Average Decline measuring 3844. Price continues to consolidate near recent rally highs with potential for further gains as traders eye the end of quarter ahead of the long July 4th holiday weekend. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 3908, initially targets 3928 – 3941 zone.
Bear Scenario: Price sustains an offer below 3908, initially targets 3898 – 3890 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
PVA High Edge = 3918 PVA Low Edge = 3898 Prior POC = 3906
Range Projections and Key Levels (ES) Sept 2022 (U) Contract
HOD ATR Range Projection: 4000; LOD ATR Range Projection: 3822; 3 Day Central Pivot: 3854; 3 Day Cycle Target: 3993; 10 Day Average True Range; 115; VIX: 27
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1)…Average Decline for CD1 measures 11800 for this cycle. Price is currently consolidating near recent “relief-rally” highs, as traders look to end the month/quarter with a solid bid ahead of the long July 4th holiday weekend. As such, there are two estimated scenarios to consider for today’s trading.
Bull Scenario: IF Bulls sustain a bid above 12052, THEN initial upside estimate targets 12130 – 12180 zone.
Bear Scenario: IF Bears sustain an offer below 12052, THEN initial downside estimate targets 11994– 11970 zone.
PVA High Edge = 12130 PVA Low Edge = 12026 Prior POC = 12056
Range Projections and Key Levels (NQ) Sept 2022 (U) Contract
HOD ATR Range Projection: 12388; LOD ATR Range Projection: 11745; 3 Day Central Pivot: 11913; 3 Day Cycle Target: 12390; 10 Day Average True Range: 418; VIX: 27
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.
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