Markets (Prime Tales)
Financial Calendar
S&P 500
Prior Session was Cycle Day 1: Worth rallied first to negate yesterday’s failed 3-day rally (RTH Session) and as anticipated declined to the projected CD1 Common Decline Zone as outlined in prior DTS Briefing 3.26.24. Vary was 37 handles on 1.015M contracts exchanged.
NOTE: Major Goal for Cycle Day 1 is to ascertain a LOW from which to stage the subsequent rally. This session was a “textbook” Cycle Day 1
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Worth established a brand new cycle low at 5263. Subsequent goal is for the value to rally, so we might be in search of power above 5275. Clearing and changing this degree probably returns worth again to the higher steadiness between 5290 – 5300.
As at all times, our tactical commerce plan stays unchanged…Keep in alignment with dominant intra-day forces. As such, eventualities to think about for as we speak’s buying and selling.
Bull Situation: Worth sustains a bid above 5275, initially targets 5290 – 5300 zone.
Bear Situation: Worth sustains a proposal beneath 5275, initially targets 5265 – 5260 zone.
PVA Excessive Edge = 5298 PVA Low Edge = 5281 Prior POC = 5290
*****The 3 Day Cycle has a 90% likelihood of fulfilling Optimistic Cycle Statistics overlaying 12 years of recorded monitoring historical past. CLICK ON IMAGE TO EXPAND FULL CYCLE DAY 2 SPREADSHEET
Vary Projections (ES) June 2024 (M)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Reclaim try of 18600 was unsuccessful as patrons weren’t capable of maintain ample bid, as worth “drifted” decrease all through the day, with a remaining promote program that nailed PTG’s decrease Worth Goal (18440)…Low of Day marked 18439.50. Vary was 179 handles on 511k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Worth established a brand new cycle low at 18439.50. Subsequent goal is for the value to rally, so we might be in search of power above 18500. Clearing and changing this degree probably returns worth again to the higher steadiness between 18540 – 18580.
As at all times, our tactical commerce plan stays unchanged…Keep in alignment with dominant intra-day forces. As such, eventualities to think about for as we speak’s buying and selling.
Bull Situation: Worth sustains a bid above 18500, initially targets 18540 – 18580 zone.
Bear Situation: Worth sustains a proposal beneath 18500, initially targets 18460 – 18440 zone.
PVA Excessive Edge = 18594 PVA Low Edge = 18534 Prior POC = 18546
Vary Projections (NQ) June 2024 (M)
Commerce Technique: Our tactical commerce technique will merely stay unaltered…We’ll be versatile to commerce each lengthy and brief facet from Choice Pivot Ranges. Proceed to deal with Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day power will increase possibilities of manufacturing profitable trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Understanding just isn’t sufficient, We should APPLY. Keen just isn’t sufficient, We should DO.” –Bruce Lee
*****This commerce technique report is disseminated for “training solely” and shouldn’t be seen in any manner as a advice to purchase or promote futures merchandise.”
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
IMPORTANT NOTICE! No illustration is being made that using this technique or any system or buying and selling methodology will generate income. Previous efficiency just isn’t 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 just isn’t appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have giant potential rewards, however in addition they have giant potential danger. You should concentrate on the dangers and be keen to simply accept them as a way to put money into these markets. Don’t commerce with cash you may’t afford to lose.
This web site is neither a solicitation nor a proposal to Purchase/Promote futures, choices, or currencies. No illustration is being made that any account will or is prone to obtain income or losses much like these mentioned on this web page. The previous efficiency of any buying and selling system or methodology just isn’t 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
