12:30 PM Investor Movement Index
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Prior Session was Cycle Day 2 (CD2): Price pushed down to Key Support (4100) during a choppy two-way balancing session to end the week. Range was 92 handles on 1.474M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): Markets are rallying pre-RTH, currently trading near 5-day VAH (4150). Three-Day Cycle Statistic appears to be in-place as price is securely above CD1 Low (4072.25). As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains bid above 4150, initially targets 4170 – 4175 zone.
Bear Scenario: Price sustains offer below 4150, initially targets 4135 – 4130 zone.
PVA High Edge = 4130 PVA Low Edge = 4100 Prior POC = 4107
Range Projections and Key Levels (ES) June 2022 (M) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD3)…Price is currently trading near overnight high as three-day cycle statistic is securely in-place above (12442.50). Bulls will need to convert 740 to get further upside expansion of range. As such, there are two estimated scenarios to consider for today’s trading.
Bull Scenario: IF Bulls sustains bid above 12750, THEN initial upside estimate targets 12820 – 12825 zone.
Bear Scenario: IF Bears sustains offer below 12750, THEN initial downside estimate targets 12700 – 12680 zone.
PVA High Edge = 12666 PVA Low Edge = 12509 Prior POC = 12545
Range Projections and Key Levels (NQ) June 2022 (M) Contract
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!
“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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