Markets (High Tales)
Supply: investing.com
Financial Calendar
S&P 500
Prior Session was Cycle Day 2: Opening power pushed value to our said goal zone between 5203 – 5209 as outlined in prior DTS Briefing 4.15.24. Consumers couldn’t maintain the bid and as such reversal again down by means of open-range triggered the session promoting, which continued all through the day, closing close to lows of the day. Vary was 119 handles on 2.154M contracts exchanged.
***NOTE: IF you need to be taught extra about how the 3-day cycle ranges are derived, THEN take a look at 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: Value closed under CD1 Low (5150). The first aim for cycle bulls is for value to commerce above this degree throughout RTH, which might fulfill the three Day Cycle Statistic. Given the weak point of the prior session, this can be robust to reclaim. Preliminary resistance zone is marked between 5125 – 5130. At minimal, bulls must C&C this zone.
As at all times, 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 State of affairs: Value sustains a bid above 5100, initially targets 5125 – 5130 zone.
Bear State of affairs: Value sustains a suggestion under 5100, initially targets 5075 – 5070 zone.
PVA Excessive Edge = 5127 PVA Low Edge = 5094 Prior POC = 5108
*****The 3 Day Cycle has a 90% likelihood 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: Opening power pushed value to our said goal zone between 18295 – 18315 as outlined in prior DTS Briefing 4.15.24. Consumers couldn’t maintain the bid and as such reversal again down by means of open-range triggered the session promoting, which continued all through the day, closing close to lows of the day. Vary was 509 handles on 788k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Value closed under CD1 Low (18120). The first aim for cycle bulls is for value to commerce above this degree throughout RTH, which might fulfill the three Day Cycle Statistic. Given the weak point of the prior session, this can be robust to reclaim. Preliminary resistance zone is marked between 17925 – 17940. At minimal, bulls must C&C this zone.
As at all times, 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 State of affairs: Value sustains a bid above 17885, initially targets 17925 – 17940 zone.
Bear State of affairs: Value sustains a suggestion under 17885, initially targets 17785 – 17740 zone.
PVA Excessive Edge = 18226 PVA Low Edge = 17841 Prior POC = 17884
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 Resolution Pivot Ranges. Proceed to deal with Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day power will increase possibilities 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. Prepared isn’t sufficient, We should DO.” –Bruce Lee
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be seen in any method 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 income. Previous efficiency isn’t essentially indicative of future outcomes. There may be substantial threat of loss related to buying and selling securities and choices on equities. Solely threat capital must be used to commerce. Buying and selling securities isn’t appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have giant potential rewards, however additionally they have giant potential threat. You need to concentrate on the dangers and be prepared to just accept them with the intention to spend money on these markets. Don’t commerce with cash you possibly can’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 income 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
