Markets (Prime Tales)
Supply: investing.com
Financial Calendar
S&P 500
Prior Session was Cycle Day 2: Worth sharply declined as a “sizzling” CPI print put markets in a tail spin decrease, in the end discovering responsive assist at 5188 CD2 Violation Degree. Vary was 108 handles on 2.282M contracts exchanged.
***NOTE: IF you need to be taught extra about how the 3-day cycle ranges are derived, THEN try the FREE TRIAL provide under. Cycle Evaluation is an integral a part of the PTG Methodology.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Worth closed under CD1 Low (5208.25). The first aim for cycle bulls is for worth to commerce above this degree throughout RTH, which might fulfill the three Day Cycle Statistic. Cycle rally potential measures 5245 – 5250 zone.
As all the time, our tactical commerce plan stays unchanged…Keep in alignment with dominant intra-day forces. As such, eventualities to think about for as we speak’s buying and selling.
Bull Situation: Worth sustains a bid above 5200, initially targets 5225 – 5230 zone.
Bear Situation: Worth sustains a proposal under 5200, initially targets 5160 – 5155 zone.
PVA Excessive Edge = 5213 PVA Low Edge = 5194 Prior POC = 5198
*****The 3 Day Cycle has a 90% chance of fulfilling Optimistic Cycle Statistics overlaying 12 years of recorded monitoring historical past.
Vary Projections (ES) June 2024 (M)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Worth sharply declined as a “sizzling” CPI print put markets in a tail spin decrease, in the end discovering responsive assist at 18090 CD2 Violation Degree. Vary was 420 handles on 862k contracts exchanged.
***NOTE: IF you need to be taught extra about how the 3-day cycle ranges are derived, THEN try the FREE TRIAL provide above. Cycle Evaluation is an integral a part of the PTG Methodology.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Worth closed barely above CD1 Low (18160.75). The first aim for cycle bulls is for worth to commerce above this degree throughout RTH, which might fulfill the three Day Cycle Statistic. Cycle rally potential measures 18290 – 18305 3 Day Central Pivot Zone.
As all the time, our tactical commerce plan stays unchanged…Keep in alignment with dominant intra-day forces. As such, eventualities to think about for as we speak’s buying and selling.
Bull Situation: Worth sustains a bid above 18160, initially targets 18290 – 18305 zone.
Bear Situation: Worth sustains a proposal under 18160, initially targets 18800 – 17950 zone.
PVA Excessive Edge = 18196 PVA Low Edge = 18126 Prior POC = 18171
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 Choice Pivot Ranges. Proceed to give attention to Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day pressure will increase possibilities of manufacturing profitable trades.
Keep Targeted…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 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 the usage of this technique or any system or buying and selling methodology will generate earnings. 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 giant potential rewards, however in addition they have giant potential danger. It’s essential to pay attention to the dangers and be keen to simply accept them as a way 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 prone to obtain earnings or losses much like these mentioned on this website online. 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
