Markets (High Tales)
Financial Calendar
S&P 500
Prior Session was Cycle Day 1: Worth rallied to negate the earlier CD3 ‘failed cycle’ in addition to fulfilling dynamically adjusted goal zone (5300 – 5305).
Posted in Reside Buying and selling Room: Buying and selling Room 4/4/24
PTGDavid : (8:40:03 AM) : 3 Day Restoration fulfilled
PTGDavid : (8:39:36 AM) : Additional upside goal 5300 -5305 zone
Uneventful morning session consolidation result in a monster liquidation sell-off, courtesy of FED SPEAK hump Kashkari elevating the potential of No Charge Cuts This 12 months! Add in geopolitical tensions, spiking crude oil, it was merely an excessive amount of for the market to deal with, dropping in extra of 1.22%, wiping out two-weeks of optimistic price lower features. Vary was 116 handles on 1.834M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Worth established a brand new cycle low at 5192. Immediately’s catalyst is the all-important Non-Farm Payrolls (Jos Report). Market response is definitely a “wild-card” and is anybody’s guess. We’ll defer to higher market forces to find out the place they need to be headed.
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 State of affairs: Worth sustains a bid above 5200, initially targets 5215 – 5220 zone.
Bear State of affairs: Worth sustains a suggestion beneath 5200, initially targets 5175 – 5170 zone.
PVA Excessive Edge = 5308 PVA Low Edge = 5224 Prior POC = 5244
*****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: As with all of the objects talked about above within the ES part, the identical affected the Tech Area, as there was nowhere to cover for the bulls, with FED SPEAK induced lengthy liquidation selloff in extra of 1.5%. Vary was 512 handles on 761k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Worth established a brand new cycle low at 18055 which matches the March nineteenth low. Immediately’s catalyst is the all-important Non-Farm Payrolls (Jos Report). Market response is definitely a “wild-card” and is anybody’s guess. We’ll defer to higher market forces to find out the place they need to be headed.
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 State of affairs: Worth sustains a bid above 18075, initially targets 18175 – 18200 zone.
Bear State of affairs: Worth sustains a suggestion beneath 18075, initially targets 17995 – 17980 zone.
PVA Excessive Edge = 18567 PVA Low Edge = 18255 Prior POC = 18361
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 all the time, remaining in alignment with dominant intra-day pressure will increase possibilities of manufacturing profitable trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Realizing will not be sufficient, We should APPLY. Prepared will not be sufficient, We should DO.” –Bruce Lee
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be considered in any means as a suggestion 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 will not be 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 will not be appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have massive potential rewards, however in addition they have massive potential danger. You have to concentrate on the dangers and be prepared to just accept them so as to spend money on these markets. Don’t commerce with cash you may’t afford to lose.
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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
