Markets (High Tales)
Financial Calendar
S&P 500 (ES)
Prior Session was Cycle Day 1: Regular CD1 as value declined fulfilling 5220 Common Decline Goal and established a brand new Cycle Low at 5208.25. Vary was 66 handles on 1.591M contracts exchanged.
NOTE: Major Goal for Cycle Day 1 is to determine a LOW from which to stage the following rally. This session was a “textbook” Cycle Day 1
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Cycle Day 2 Common Rally (52 – 56 pts) measured from the Cycle Day 1 Low (5208.25) targets 5264.25, which was fulfilled throughout prior session’s late day squeeze rally. The BIG Occasion for this session is the all-important CPI inflation gauge. Since in the present day’s common rally is in-place, we’ll defer to larger market forces to find out the following directional lean.
As at all times, our tactical commerce plan stays unchanged…Keep in alignment with dominant intra-day forces. As such, eventualities to think about for in the present day’s buying and selling.
Bull Situation: Worth sustains a bid above 5260, initially targets 5275 – 5280 zone.
Bear Situation: Worth sustains a suggestion under 5260, initially targets 5245 – 5240 zone.
PVA Excessive Edge = 5256 PVA Low Edge = 5217 Prior POC = 5234
*****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 1: Regular CD1 as value declined fulfilling 18260.50 Common Decline Goal and established a brand new Cycle Low at 18160.75. Vary was 246 handles on 690k contracts exchanged.
NOTE: Major Goal for Cycle Day 1 is to determine a LOW from which to stage the following rally. This session was a “textbook” Cycle Day 1
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Cycle Day 2 Common Rally (253 – 278 pts) measured from the Cycle Day 1 Low (18160.75) targets 18438.75, which stays unfulfilled. The BIG Occasion for this session is the all-important CPI inflation gauge. Since in the present day’s common rally is three-fourth’s in-place, we’ll defer to larger market forces to find out the following directional lean.
As at all times, our tactical commerce plan stays unchanged…Keep in alignment with dominant intra-day forces. As such, eventualities to think about for in the present day’s buying and selling.
Bull Situation: Worth sustains a bid above 18350, initially targets 18405 – 18440 zone.
Bear Situation: Worth sustains a suggestion under 18350, initially targets 18295 – 18275 zone.
PVA Excessive Edge = 18347 PVA Low Edge = 18215 Prior POC = 18262
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 brief aspect from Resolution Pivot Ranges. Proceed to give attention to Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day drive will increase possibilities of manufacturing profitable trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Figuring out shouldn’t be sufficient, We should APPLY. Prepared shouldn’t be 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 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 earnings. Previous efficiency shouldn’t 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 shouldn’t be appropriate for everybody.
Disclaimer: Futures, Choices, and Foreign money buying and selling all have massive potential rewards, however in addition they have massive potential threat. You need to pay attention to the dangers and be prepared to simply accept them in an effort 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 suggestion to Purchase/Promote futures, choices, or currencies. No illustration is being made that any account will or is more likely to obtain earnings or losses much like these mentioned on this web page. The previous efficiency of any buying and selling system or methodology shouldn’t 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
