Trade Strategy 7.15.24

Markets

Economic Calendar

 

Source: Investing.com

 S&P 500

Prior Session was Cycle Day 3Positive Three-Day Cycle was fulfilled with a 91.30% success-rate covering twelve-plus years of tracking history. Price also fulfilled 5707.70 Cycle Objective before selling down late into the closing rotation. Range was 87 handles on 1.596M contracts exchanged.

 …Transition from Cycle Day 3 to Cycle Day 1 

This leads us into Cycle Day 1Today begins a new cycle so we should be anticipating a decline, with the average measuring 5664.75, which was fulfilled during prior session. Closing selling momentum may spill-over into today’s session as price searches for a new secure cycle low.

Our discipline of maintaining positioning that is aligned with market forces continues to serve us well, so stay the course.

As such, scenarios to consider for today’s trading.

Bull Scenario: Price sustains a bid above 5665, initially targets 5680 – 5685 zone. 

Bear Scenario: Price sustains an offer below 5665, initially targets 5650 – 5645 zone.

PVA High Edge = 5695      PVA Low Edge = 5648         Prior POC = 5667

 

PTG 3 Day Cycle

EXCLUSIVE OFFER

*****The 3 Day Cycle has a 91.30% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history. 

    Link to: Range Projections (ES) Sept (U) 2024

ES Chart

Nasdaq 100 (NQ)

Prior Session was Cycle Day 3: Once price recovered the CD1 Low (20648.50) securing a positive 3-Day Cycle Statistic with 91.30% accuracy covering twelve-years of tracking history, sellers slammed price lower during the final hour of trading. Range was 406 handles on 712k contracts exchanged.

 …Transition from Cycle Day 3 to Cycle Day 1 

This leads us into Cycle Day 1Today begins a new cycle so we should be anticipating a decline, with the average measuring 20539.75, which was fulfilled during prior session. Closing selling momentum may spill-over into today’s session as price searches for a new secure cycle low.

Our discipline of maintaining positioning that is aligned with market forces continues to serve us well, so stay the course.

As such, scenarios to consider for today’s trading.

Bull Scenario: Price sustains a bid above 20510, initially targets 20642 – 20710 zone. 

Bear Scenario: Price sustains an offer below 20510, initially targets 20440 – 20370 zone.

PVA High Edge = 20710       PVA Low Edge = 20510         Prior POC = 20642

Link to: Range Projections (NQ) Sept (U) 2024

NQ Chart

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

*****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

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