8:30 Goods and Services Trade
1:00 PM Results of $44B, 3-Year Note Auction
3:00 PM Consumer Credit
***New: PTG Trading Room Chat Log’s Link
Prior Session was Cycle Day 3 (CD3): Three-Day Cycle Statistic was fulfilled during this rather “choppy” trading session. Prior range was 64 handles on 1.407M 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 4074.50. Price is currently trading below PL (4104.50) as selling pressures continue, with testing of Key Options Support Zone between 4100 – 4075. Expectation is for continued two-way traffic as market looks to break out if recent trading range. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 4100, initially targets 4120 – 4125 zone.
Bear Scenario: Price sustains an offer below 4100, initially targets 4080 – 4075 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
PVA High Edge = 4145 PVA Low Edge = 4110 Prior POC = 4118
Range Projections and Key Levels (ES) June 2022 (M) Contract
HOD ATR Range Projection: 4174; LOD ATR Range Projection: 4027; 3 Day Central Pivot: 4135; 3 Day Cycle Target: 4188; 10 Day Average True Range; 96; VIX: 26
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1)…Average Decline for CD1 measures 12359 for this cycle day. Price is currently trading below PL (12527) down to prior BDL (12442) during pre-RTH. As such, there are two estimated scenarios to consider for today’s trading.
Bull Scenario: IF Bulls sustain a bid above 12500, THEN initial upside estimate targets 12550 – 12575 zone.
Bear Scenario: IF Bears sustain an offer below 12500, THEN initial downside estimate targets 12450– 12440 zone.
PVA High Edge = 12720 PVA Low Edge = 12540 Prior POC = 12588
Range Projections and Key Levels (NQ) June 2022 (M) Contract
HOD ATR Range Projection: 12846; LOD ATR Range Projection: 12207; 3 Day Central Pivot: 12685; 3 Day Cycle Target: 12927; 10 Day Average True Range: 407; VIX: 26
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.
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