Markets
Economic Calendar
Source: Investing.com
S&P 500
Prior Session was Cycle Day 3: Positive Three-Day Cycle was fulfilled with a 90.91% success-rate covering twelve-plus years of tracking history. Equity Markets were closed in recognition of July 4th, though Futures were open, negligible trading activity took place. Range for ES was 11 handles on 92k contracts exchanged.
NOTE: Even though Cash Equity Markets were closed for holiday, Futures Market traded half-day, so this Cycle Day 3 still is counted. This should have a negligible effect, since 3 Day Cycle achieved a positive 125.25% of expected range.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Today begins a new cycle with the average decline measuring between the 5562 (primary) – 5445 (secondary) levels. Full trading session today with key Non-Farm Payrolls release @ 8:30 am. Keep in mind that many “heavy-hitter” traders are on extended holiday weekend in the Hamptons and Palm Beach. As such, modify your trading accordingly.
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 5585, initially targets 5605 – 5610 zone.
Bear Scenario: Price sustains an offer below 5585, initially targets 5565 – 5560 zone.
PVA High Edge = 5595 PVA Low Edge = 5588 Prior POC = 5589
PTG 3 Day Cycle
EXCLUSIVE OFFER
*****The 3 Day Cycle has a 90.91% 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: Equity Markets were closed in recognition of July 4th, though Futures were open, negligible trading activity took place. Range for NQ was 50 handles on 52k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Today begins a new cycle with the average decline measuring between the 20303 (primary) – 20186 (secondary) levels. Full trading session today with key Non-Farm Payrolls release @ 8:30 am. Keep in mind that many “heavy-hitter” traders are on extended holiday weekend in the Hamptons and Palm Beach. As such, modify your trading accordingly.
Bull Scenario: Price sustains a bid above 20350, initially targets 20466 – 20498 zone.
Bear Scenario: Price sustains an offer below 20350, initially targets 20256 – 20231 zone.
PVA High Edge = 20408 PVA Low Edge = 20377 Prior POC = 20403
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