Markets (High Tales)
Financial Calendar
Supply: Investing.com
S&P 500 (ES)
Prior Session was Cycle Day 1: Shallow decline to this session as value held 5330 key Line within the Sand on low volatility consolidation forward of tomorrow’s Nvidia (NVDA) earnings report. Vary was 25 handles on 941k contracts exchanged
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: BIG Occasions right now are FOMC Minutes @ 2pm and Nvidia’s (NVDA) earnings after the closing bell. Bulls stay firmly in-control as value is notching all-time highs. Volatility has been low, however may broaden quickly on response to both of right now’s releases.
As all the time, our tactical commerce plan stays unchanged…Keep in alignment with dominant intra-day forces.
As such, situations to contemplate for right now’s buying and selling.
Bull Situation: Worth sustains a bid above 5335, initially targets 5350 – 5357 zone.
Bear Situation: Worth sustains a proposal beneath 5335, initially targets 5325 – 5320 zone.
PVA Excessive Edge = 5339 PVA Low Edge = 5326 Prior POC = 5333
*****The 3 Day Cycle has a 90% chance 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 1: Shallow decline as value established a brand new cycle low at 18678 on low volatility consolidation forward of tomorrow’s Nvidia (NVDA) earnings report. Vary was 130 handles on 421k contracts exchanged
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: BIG Occasions right now are FOMC Minutes @ 2pm and Nvidia’s (NVDA) earnings after the closing bell. Bulls stay firmly in-control as volatility has been low, however may broaden quickly on response to both of right now’s releases.
As such, situations to contemplate for right now’s buying and selling.
Bull Situation: Worth sustains a bid above 18750, initially targets 18826 – 18858 zone.
Bear Situation: Worth sustains a proposal beneath 18750, initially targets 18695 – 18675 zone.
PVA Excessive Edge = 18785 PVA Low Edge = 18713 Prior POC = 18750
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 Determination 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 possibilities of manufacturing successful trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Realizing shouldn’t be sufficient, We should APPLY. Prepared shouldn’t be sufficient, We should DO.”
*****This commerce technique report is disseminated for “training solely” and shouldn’t be seen in any means 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 earnings. Previous efficiency shouldn’t 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 shouldn’t be appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have giant potential rewards, however in addition they have giant potential danger. You need to concentrate on the dangers and be keen to just accept them in an effort to spend money on 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 web page. The previous efficiency of any buying and selling system or methodology shouldn’t be 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
