12:30 PM Investor Movement Index
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Prior Session was Cycle Day 2 (CD2): Wide range normal variation day unfolded as price searched for balance throughout the session. Range was 62 handles on 1.663M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): Three-Day Cycle Statistic is in-place as long as price trades above CD1 Low (4136) during RTH. Dog-days of summer are upon us, with bulls firmly in-control and the current trend swing to the upside. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: Price sustains bid above 4166, initially targets 4178 – 4185 zone.
Bear Scenario: Price sustains offer below 4166, initially targets 4150 – 4147 zone.
PVA High Edge = 4147 PVA Low Edge = 4122 Prior POC = 4144
Range Projections and Key Levels (ES) Sept 2022 (U) Contract
HOD ATR Range Projection: 4202; LOD ATR Range Projection: 4100; 3 Day Central Pivot: 4142; 3 Day Cycle Target: 4174; 10 Day Average True Range 70; VIX: 21
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD3)…Three-day Cycle Statistic is in-place with price trading above CD1q Low (13185) during RTH. Bulls have firm control to begin the week. As such, estimated scenarios to consider for today’s trading.
Bull Scenario: IF Bulls sustains bid above 13275, THEN initial upside estimate targets 13285 – 13295 zone.
Bear Scenario: IF Bears sustains offer below 13275, THEN initial downside estimate targets 13230 – 13200 zone.
PVA High Edge = 13235 PVA Low Edge = 13130 Prior POC = 13190
Range Projections and Key Levels (NQ) Sept 2022 (U) Contract
HOD ATR Range Projection: 13500; LOD ATR Range Projection: 12998; 3 Day Central Pivot: 13220; 3 Day Cycle Target: 13307; 10 Day Average True Range: 331; VIX: 21
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 SHOWN6.22.22