Markets (Prime Tales)
Financial Calendar
https://www.investing.com/economic-calendar/
S&P 500
Prior Session was Cycle Day 3: Three-Day Cycle Statistic was fulfilled at the moment as value traded above prior CD1 Low (5293.50) albeit barely. Patrons weren’t energetic at the moment as value drifted decrease to PTG’s decrease goal (5275) as outlined in prior DTS 3.25.24. So with two back-to-back adverse periods, at the moment needs to be telling for both a deeper corrective part or resurgence of “dip-buyers.” Have in mind the 2-day pullback is on comparatively gentle quantity, which generally is bullish. Vary was 22 handles on 853k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Cycle Day 1 Common Decline measures 5260. Anticipation for this session is help maintain of 5270 – 5275 zone with a reclaim of 5295 to interrupt the 2-day down channel. Profitable restoration targets 5310 – 5315 zone. We’ll mark 5275 as at the moment’s Line within the Sand (LIS)
As all the time, our tactical commerce plan stays unchanged…Keep in alignment with dominant intra-day forces.
Situations to contemplate for at the moment’s buying and selling.
Bull Situation: Worth sustains a bid above 5275, initially targets 5310 – 5315 zone.
Bear Situation: Worth sustains a suggestion under 5275, initially targets 5260 – 5255 zone.
PVA Excessive Edge = 5286 PVA Low Edge = 5266 Prior POC = 5284
*****The 3 Day Cycle has a 90% likelihood of fulfilling Constructive Cycle Statistics protecting 12 years of recorded monitoring historical past.
Vary Projections (ES) June 2024 (M)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Three-Day Cycle Statistic was fulfilled at the moment as value traded above prior CD1 Low (18526.75). Patrons weren’t energetic at the moment as value drifted decrease to PTG’s decrease goal (18420) as outlined in prior DTS 3.25.24. So with two back-to-back adverse periods, at the moment needs to be telling for both a deeper corrective part or resurgence of “dip-buyers.” Vary was 186 handles on 452k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Cycle Day 1 Common Decline measures 18330. Anticipation for this session is help maintain of 18500 with a reclaim of 18600 to interrupt the 2-day down channel. Profitable restoration targets 18640 – 18685 zone. We’ll mark 18500 as at the moment’s Line within the Sand (LIS)
As all the time, our tactical commerce plan stays unchanged…Keep in alignment with dominant intra-day forces.
Situations to contemplate for at the moment’s buying and selling.
Bull Situation: Worth sustains a bid above 18500, initially targets 18575 – 18600 zone.
Bear Situation: Worth sustains a suggestion under 18500, initially targets 18455 – 18440 zone.
PVA Excessive Edge = 18571 PVA Low Edge = 18503 Prior POC = 18526
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 quick 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 power will increase chances of manufacturing successful trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Figuring out will not be sufficient, We should APPLY. Prepared will not be sufficient, We should DO.” –Bruce Lee
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be considered in any means 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 will not be essentially indicative of future outcomes. There’s substantial threat of loss related to buying and selling securities and choices on equities. Solely threat capital needs to be used to commerce. Buying and selling securities will not be appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have massive potential rewards, however in addition they have massive potential threat. It’s essential to pay attention to the dangers and be keen to simply accept them with a purpose 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 suggestion to Purchase/Promote futures, choices, or currencies. No illustration is being made that any account will or is prone to obtain earnings or losses just like these mentioned on this website. The previous efficiency of any buying and selling system or methodology will not be 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
