Markets
Supply: In search of Alpha
Financial Calendar
S&P 500
Prior Session was Cycle Day 3: Optimistic 3 Day Cycle as worth traded above CD1 Low (5315) however fell in need of reaching upside cycle aims. DTS Briefing 5.20.24 upside initial target zone 5345 – 5350 was fulfilled as consolidation rhythms with sub-par volumes held the action. Range was 24 handles on 984k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Normal for Cycle Day 1 would be for a decline measuring 5313.50 (primary), with a deeper decline measuring 5294.50 (secondary). Traders are still in “pause-mode” as they await NVDA’s earnings report on Wednesday. As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 5330, initially targets 5345 – 5350 zone.
Bear Scenario: Price sustains an offer below 5330, initially targets 5315 – 5310 zone.
PVA High Edge = 5342 PVA Low Edge = 5327 Prior POC = 5333
*****The 3 Day Cycle has a 90% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
Range Projections (ES) June 2024 (M)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Positive 3 Day Cycle as price traded above CD1 Low (18633) but fell short of achieving upside cycle objectives. Range was 161 handles on 465k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Normal for Cycle Day 1 would be for a decline measuring 18677.75 (primary), with a deeper decline measuring 18531.50 (secondary). Traders are still in “pause-mode” as they await NVDA’s earnings report on Wednesday. As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces.
Bull Scenario: Price sustains a bid above 18745, initially targets 18795 – 18815 zone.
Bear Scenario: Price sustains an offer below 18745, initially targets 18715 – 18695 zone.
PVA High Edge = 18778 PVA Low Edge = 18725 Prior POC = 18745
Range Projections (NQ) June 2024 (M)
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
