Markets (High Tales)
Supply: investing.com
Financial Calendar
S&P 500
Prior Session was Cycle Day 2: Morning Session was slender and quiet buying and selling as merchants have been anticipating two key market transferring occasions…FED minutes and Nvidia earnings. Each offered volatility junkies a fast market transferring response. On the finish of the day, ES remained inside its current vary, whereas NQ is buying and selling close to highs after RTH Shut.. Vary was 42 handles on 1.193M 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: Worth is above the CD1 Low (5322.50), so a optimistic cycle statistic seems safe. Although the market continues to be searching for greater costs because the lengthy Memorial Day weekend approaches. We can be searching for bulls to reclaim highs and push for cycle targets, although draw back seems equally interesting ought to “they” determine to tug the drain plug.
As such, situations to think about for immediately’s buying and selling.
Bull Situation: Worth sustains a bid above 5335, initially targets 5355 – 5365 zone.
Bear Situation: Worth sustains a suggestion under 5335, initially targets 5315 – 5305 zone.
PVA Excessive Edge = 5344 PVA Low Edge = 5322 Prior POC = 5336
*****The 3 Day Cycle has a 90% chance 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: Morning Session was slender and quiet buying and selling as merchants have been anticipating two key market transferring occasions…FED minutes and Nvidia earnings. Each offered volatility junkies a fast market transferring response. On the finish of the day, ES remained inside its current vary, whereas NQ is buying and selling close to highs after RTH shut. Vary was 206 handles on 570k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Worth is above the CD1 Low (18678), so a optimistic cycle statistic seems safe. Although the market continues to be searching for greater costs because the lengthy Memorial Day weekend approaches. We can be searching for bulls to take care of the “NVDA Bid” and push for cycle targets, although draw back seems equally interesting ought to “they” determine to tug the drain plug.
As such, situations to think about for immediately’s buying and selling.
.Bull Situation: Worth sustains a bid above 18825, initially targets 18920 – 18950 zone.
Bear Situation: Worth sustains a suggestion under 18825, initially targets 18760 – 18725 zone.
PVA Excessive Edge = 18835 PVA Low Edge = 18758 Prior POC = 18813
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 Choice Pivot Ranges. Proceed to concentrate on Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day pressure will increase possibilities of manufacturing successful trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Understanding isn’t sufficient, We should APPLY. Prepared isn’t sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be seen in any approach 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 using this technique or any system or buying and selling methodology will generate earnings. 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 Foreign money buying and selling all have giant potential rewards, however additionally they have giant potential threat. You could concentrate on the dangers and be prepared to just accept them with a view to put money into 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 earnings 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
