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 5066 projected vary excessive throughout the morning session earlier than reversing decrease, closing on lows of the day. Prior vary was 35 handles on 1.077M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Common Decline measures 5033. In the present day is the all-important CPI Report, which is anticipated to impression right this moment’s buying and selling volatility. Right here is hyperlink to the CPI January Forecasts. We’ll stay versatile and as at all times, keep aligned with the intra-day provide/demand influences. As such, situations to think about for right this moment’s buying and selling.
Bull Situation: Value sustains a bid above 5030, initially targets 5045 – 5050 zone.
Bear Situation: Value sustains a proposal under 5030, initially targets 5015 – 5010 zone.
PVA Excessive Edge = 5052 PVA Low Edge = 5035 Prior POC = 5041
Vary Projections (ES) March 2024 (H)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3 (CD3): Value continued this cycle’s rally fulfilling 18122 3 Day Cycle Goal throughout the morning session earlier than reversing decrease, closing on lows of the day. Prior vary was 210 handles on 531k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Common Decline measures 17921. In the present day is the all-important CPI Report, which is anticipated to impression right this moment’s buying and selling volatility. Right here is hyperlink to the CPI January Forecasts. We’ll stay versatile and as at all times, keep aligned with the intra-day provide/demand influences. As such, situations to think about for right this moment’s buying and selling.
Bull Situation: Value sustains a bid above 17940, initially targets 17985 – 18000 zone.
Bear Situation: Value sustains a proposal under 17940, initially targets 17885 – 17875 zone.
PVA Excessive Edge = 18106 PVA Low Edge = 18001 Prior POC = 18034
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 brief facet from Determination Pivot Ranges. Proceed to deal with 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
“Figuring out just isn’t sufficient, We should APPLY. Prepared just isn’t sufficient, We should DO.” –Bruce Lee
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be considered 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 ought to be used to commerce. Buying and selling securities just isn’t appropriate for everybody.
Disclaimer: Futures, Choices, and Foreign money buying and selling all have giant potential rewards, however in addition they have giant potential danger. It’s essential to concentrate on the dangers and be keen to just accept them with the intention to spend money on 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 more likely to obtain income or losses just like these mentioned on this site. 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
