Markets (Prime Tales)
Supply: investing.com
Financial Calendar
S&P 500
Prior Session was Cycle Day 2: Early consolidation theme unfolded as anticipated, although with bulls dominant, the inevitable push larger to meet higher targets shouldn’t have been a shock. Effectively, maybe for “shortie.” Vary was 49 handles on 1.050M 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 supply beneath. 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: Major cycle targets have been fulfilled, although secondary goals nonetheless have room to be happy. Bullish rhythms are solidly in-place and with a lightweight calendar, “thin-to-win” FRYday is right this moment’s theme. .
As such, eventualities to contemplate for right this moment’s buying and selling.
Bull State of affairs: Worth sustains a bid above 5240, initially targets 5258 – 5267 zone.
Bear State of affairs: Worth sustains a proposal beneath 5240, initially targets 5225 – 5220 zone.
PVA Excessive Edge = 5240 PVA Low Edge = 5217 Prior POC = 5230
*****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 2: Early consolidation theme unfolded as anticipated, although with bulls dominant, the inevitable push larger to meet higher targets shouldn’t have been a shock. Effectively, maybe for “shortie.” Vary was 136 handles on 468k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Major cycle targets have been fulfilled, although secondary goals nonetheless have room to be happy. Bullish rhythms are solidly in-place and with a lightweight calendar, “thin-to-win” FRYday is right this moment’s theme.
As such, eventualities to contemplate for right this moment’s buying and selling.
.Bull State of affairs: Worth sustains a bid above 18230, initially targets 18285 – 18300 zone.
Bear State of affairs: Worth sustains a proposal beneath 18230, initially targets 18185 – 18170 zone.
PVA Excessive Edge = 18136 PVA Low Edge = 18041 Prior POC = 18098
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 deal with 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
“Understanding shouldn’t be sufficient, We should APPLY. Prepared shouldn’t be sufficient, We should DO.” –Bruce Lee
*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.
Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.
This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
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
