Markets
Supply: In search of Alpha
Financial Calendar
S&P 500
Prior Session was Cycle Day 3: Rally prolonged as much as bull goal zone (5125 – 5130) as consumers bumped into substantial resistance, then as soon as the Open Vary broke, the decline accelerated right down to bear goal zone (5085 – 5080) as outlined in DTS 04.24.24 Briefing. Only a lovely Stage-2-Stage session. Vary was 56 handles on 1.454 contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Common Decline for CD1 measures 5070 – 5065 zone. Value closed low in its vary as $META Q1 2024 Earnings apprehension weighed on worth after hours. Extra tech earnings are on deck right this moment with Mr. Softie, Google and Intel are prime billing. As of this writing CD1 common decline has been fulfilled, so we’ll use this degree as right this moment’s Line-in-the Sand.
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 right this moment’s buying and selling.
Bull State of affairs: Value sustains a bid above 5070, initially targets 5090 – 5095 zone.
Bear State of affairs: Value sustains a suggestion beneath 5070, initially targets 5055 – 5050 zone.
PVA Excessive Edge = 5117 PVA Low Edge = 5093 Prior POC = 5114
*****The 3 Day Cycle has a 90% likelihood of fulfilling Constructive Cycle Statistics overlaying 12 years of recorded monitoring historical past.
Vary Projections (ES) June 2024 (M)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Rally prolonged as much as bull goal zone (17745 – 17775) as consumers bumped into substantial resistance, then as soon as the Open Vary broke, the decline accelerated right down to bear goal zone (17530 – 17490) as outlined in DTS 04.24.24 Briefing. Only a lovely Stage-2-Stage session. Vary was 379 handles on 592k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Common Decline for CD1 measures 17503 – 17498 zone. Value closed low in its vary as $META Q1 2024 Earnings disappointment weighed on worth after hours. Extra tech earnings are on deck right this moment with Mr. Softie, Google and Intel are prime billing. As of this writing CD1 common decline has been fulfilled, so we’ll use this degree as right this moment’s Line-in-the Sand.
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 right this moment’s buying and selling.
Bull State of affairs: Value sustains a bid above 17500, initially targets 17565 – 17595 zone.
Bear State of affairs: Value sustains a suggestion beneath 17500, initially targets 17445 – 17425 zone.
PVA Excessive Edge = 17733 PVA Low Edge = 17608 Prior POC = 17668
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 facet from Choice Pivot Ranges. Proceed to deal with Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day drive will increase chances of manufacturing successful trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Realizing just isn’t sufficient, We should APPLY. Prepared just isn’t sufficient, We should DO.” –Bruce Lee
*****This commerce technique report is disseminated for “training solely” and shouldn’t be considered 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 the usage of this technique or any system or buying and selling methodology will generate income. Previous efficiency just 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 ought to be used to commerce. Buying and selling securities just isn’t 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 have to pay attention to the dangers and be keen to simply accept them with a view 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 income or losses much like these mentioned on this website. The previous efficiency of any buying and selling system or methodology just 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
