Markets (High Tales)
Supply: investing.com
Financial Calendar
S&P 500
Prior Session was Cycle Day 2: Regular CD2 as value rallied to higher TZ (5290 – 5300) as outlined in prior DTS Briefing 3.27.24 throughout in a single day exercise, however bulls have been unable to maintain a bid for RTH. Pullback discovered renewed patrons inside our LISZ (5275) all through the day being examined, with the Last 30 Minutes ripping greater into the closing bell on the session highs. Vary was 43 handles on 1.351M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Thus far this Cycle has been a “textbook” instance, as major 3D Goal (5305) has been fulfilled, with last upside goal nonetheless open at (5338). Being quarter ending, we will likely be seeking to lengthen the present rally.
As all the time, our tactical commerce plan stays unchanged…Keep in alignment with dominant intra-day forces. As such, situations to think about for immediately’s buying and selling.
Bull Situation: Worth sustains a bid above 5300, initially targets 5315 – 5320 zone.
Bear Situation: Worth sustains a proposal beneath 5300, initially targets 5285 – 5280 zone.
PVA Excessive Edge = 5291 PVA Low Edge = 5272 Prior POC = 5278
*****The 3 Day Cycle has a 90% chance of fulfilling Optimistic Cycle Statistics protecting 12 years of recorded monitoring historical past.
Vary Projections (ES) June 2024 (M)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Regular CD2 as value rallied to higher TZ (18540 – 18580) as outlined in prior DTS Briefing 3.27.24 throughout in a single day exercise, however bulls have been unable to maintain a bid for RTH. Pullback discovered renewed patrons inside our CD1 Low Zone (18440), with the Last 30 Minutes ripping greater to shut at prior Line in the Sand (LIS) 18500. Range was 193 handles on 591k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Price is back within the 5-day value zone, so with the shortened holiday week and End of Quarter, we would anticipate higher prices IF 18500 can hold with a reclaim above 18555 – 18575 zone.
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 18500, initially targets 18555 – 18575 zone.
Bear Scenario: Price sustains an offer below 18500, initially targets 18450 – 18420 zone.
PVA High Edge = 18489 PVA Low Edge = 18389 Prior POC = 18420
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.” –Bruce Lee
*****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
