Markets (Prime Tales)
Financial Calendar
https://www.investing.com/economic-calendar/
S&P 500
Prior Session was Cycle Day 3 (CD3): Value continued this cycle’s rally fulfilling 5044.50 CD3 Penetration Degree. Prior vary was 40.75 handles on 1.303M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Common Decline measures 5017. At present is the follow-up PPI Report which is able to present perception into wholesale inflation pressures. Bulls have achieved an admirable job absorbing latest promoting and recovering again to CPI market ranges. We’ll stay versatile and as at all times, keep aligned with the intra-day provide/demand influences. As such, eventualities to think about for at this time’s buying and selling.
Bull State of affairs: Value sustains a bid above 5035, initially targets 5055 – 5060 zone.
Bear State of affairs: Value sustains a suggestion beneath 5035, initially targets 5025 – 5020 zone.
PVA Excessive Edge = 5039 PVA Low Edge = 5011 Prior POC = 5025
Vary Projections (ES) March 2024 (H)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3 (CD3): Value continued this cycle’s rally fulfilling 17972 CD3 Penetration Degree. Prior vary was 187.75 handles on 653k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Common Decline measures 17854. At present is the follow-up PPI Report which is able to present perception into wholesale inflation pressures. Bulls have achieved an admirable job absorbing latest promoting and recovering again to CPI market ranges. We’ll stay versatile and as at all times, keep aligned with the intra-day provide/demand influences. As such, eventualities to think about for at this time’s buying and selling.
Bull State of affairs: Value sustains a bid above 17910, initially targets 17970 – 18010 zone.
Bear State of affairs: Value sustains a suggestion beneath 17910, initially targets 17875 – 17850 zone.
PVA Excessive Edge = 17923 PVA Low Edge = 17843 Prior POC = 17910
Vary Projections (NQ) March 2024 (H)
Commerce Technique: Our tactical commerce technique will merely stay unaltered…We’ll be versatile to commerce each lengthy and quick aspect from Resolution Pivot Ranges. Proceed to give attention to Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day pressure will increase chances of manufacturing successful trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Understanding is just not sufficient, We should APPLY. Keen is just not sufficient, We should DO.” –Bruce Lee
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be seen in any approach as a suggestion to purchase or promote futures merchandise.”
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
IMPORTANT NOTICE! No illustration is being made that the usage of this technique or any system or buying and selling methodology will generate earnings. Previous efficiency is just not essentially indicative of future outcomes. There may be substantial danger of loss related to buying and selling securities and choices on equities. Solely danger capital must be used to commerce. Buying and selling securities is just not appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have massive potential rewards, however additionally they have massive potential danger. You have to pay attention to the dangers and be keen to just accept them with a view to put money into these markets. Don’t commerce with cash you possibly can’t afford to lose.
This web site is neither a solicitation nor a suggestion to Purchase/Promote futures, choices, or currencies. No illustration is being made that any account will or is more likely to obtain earnings or losses just like these mentioned on this website. The previous efficiency of any buying and selling system or methodology is just not essentially indicative of future outcomes.
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
