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Prior Session was Cycle Day 2 (CD2): Choppy session as price retreated for top end of trading range. Range was 55 handles on 1.588M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): Price is currently above CD1 Low (4076) securing a Positive 3 -Day Cycle Statistic as trading remains locked in weekly value range between 4100 – 4150. Expectation is for continued two-way traffic until there is a directional breakout. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains bid above 4130, initially targets 4145 – 4150 zone.
Bear Scenario: Price sustains offer below 4130, initially targets 4115 – 4100 zone.
PVA High Edge = 4145 PVA Low Edge = 4106 Prior POC = 4115
Range Projections and Key Levels (ES) June 2022 (M) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD3)…Price is currently trading near 5 day Point of Control (12655), as activity remains locked with value trading range between 12540 – 12713. Markets are very-well hedged in both directions as the next sevens days will be pivotal with Contract Rollover…OPEX and FOMC are all clustered within tight time period. As such, there are two estimated scenarios to consider for today’s trading.
Bull Scenario: IF Bulls sustains bid above 12655, THEN initial upside estimate targets 12712 – 12742 zone.
Bear Scenario: IF Bears sustains offer below 12655, THEN initial downside estimate targets 12600 – 12570 zone.
PVA High Edge = 12708 PVA Low Edge = 12598 Prior POC = 12631
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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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