Markets (Prime Tales)
Financial Calendar
https://www.investing.com/economic-calendar/
S&P 500
Prior Session was Cycle Day 1 (CD1): Regular CD1 as value did decline, albeit as shallow one, establishing a brand new cycle low at 5003.75. Value consolidated prior session’s 5000 achievement by holding bid above this stage and retesting prior excessive (5020) on the shut. Textbook impartial vary day. Prior vary was 16 handles on 951k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2 (CD2): In the present day is FRYDAY, so with no financial stories on the docket, value is free to maneuver below its personal accord. Additional upside growth initially measure 5025 – 5035 zone. There may be additionally the potential for the tip of week “walk-away” commerce if bulls can not safe upside vary growth. We’ll mark 5015 as immediately’s Line-in-Sand (LIS). As all the time, keep versatile and in-alignment with the first intra-day forces. As such, situations to think about for immediately’s buying and selling.
Bull State of affairs: Value sustains a bid above 5015, initially targets 5025 – 5035 zone.
Bear State of affairs: Value sustains a proposal beneath 5015, initially targets 5000 – 4995 zone.
PVA Excessive Edge = 5015 PVA Low Edge = 5009 Prior POC = 5012
Vary Projections and Key Ranges (ES) March 2024 (H) Contract
HOD ATR Vary Projection: 5062; LOD ATR Vary Projection: 4967; 3 Day Central Pivot: 4994; 3 Day Cycle Goal: 5045; 10 Day Common True Vary 49; VIX: 13
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1 (CD1): Regular CD1 as value did decline, albeit as shallow one, establishing a brand new cycle low at 17792.25. Value consolidated by holding bid above 17800 and pushing above prior excessive. Prior vary was 104 handles on 465k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2 (CD2): In the present day is FRYDAY, so with no financial stories on the docket, value is free to maneuver below its personal accord. Additional upside growth initially measure 17911 – 17933 zone. There may be additionally the potential for the tip of week “walk-away” commerce if bulls can not safe upside vary growth. We’ll mark 17845 as immediately’s Line-in-Sand (LIS). As all the time, keep versatile and in-alignment with the first intra-day forces. As such, situations to think about for immediately’s buying and selling.
Bull State of affairs: Value sustains a bid above 17845, initially targets 17911 – 17933 zone.
Bear State of affairs: Value sustains a proposal beneath 17845, initially targets 17800 – 17780 zone.
PVA Excessive Edge = 17833 PVA Low Edge = 17838 Prior POC = 17846
Vary Projections and Key Ranges (NQ) March 2024 (H) Contract
HOD ATR Vary Projection: 18107; LOD ATR Vary Projection: 17622; 3 Day Central Pivot: 17765; 3 Day Cycle Goal: 17933; 10 Day Common True Vary: 255 VIX: 13
Commerce Technique: Our tactical commerce technique will merely stay unaltered…We’ll be versatile to commerce each lengthy and brief aspect from Determination Pivot Ranges. Proceed to deal with Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day pressure will increase chances of manufacturing successful trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Figuring out isn’t sufficient, We should APPLY. Keen isn’t 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 income. Previous efficiency 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 isn’t appropriate for everybody.
Disclaimer: Futures, Choices, and Foreign money buying and selling all have massive potential rewards, however in addition they have massive potential danger. You will need to pay attention to the dangers and be prepared to simply accept them with a view to put money into these markets. Don’t commerce with cash you’ll be able to’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 much like these mentioned on this site. The previous efficiency of any buying and selling system or methodology 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
