Markets
Supply: Looking for Alpha
Financial Calendar
S&P 500
Prior Session was Cycle Day 3: Following the FED Day “range-runner” volatility session, this session retested the Cycle Day 1 Low (5051) securely and rallied, fulfilling cycle goals.. Vary was 76 handles on 1.507M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Regular for Cycle Day 1 could be for a decline measuring 5052. Worth closed in higher quartile of the day’s vary, so closing bullish momentum might push worth increased earlier than the subsequent decline begins. Non-Farms Payrolls is in the present day BIG Occasion and doubtlessly a market-mover.
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 in the present day’s buying and selling.
Bull State of affairs: Worth sustains a bid above 5090, initially targets 5115 – 5125 zone.
Bear State of affairs: Worth sustains a suggestion under 5090, initially targets 5075 – 5060 zone.
PVA Excessive Edge = 5086 PVA Low Edge = 5055 Prior POC = 5060
*****The 3 Day Cycle has a 90% likelihood 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 3: Following the FED Day “range-runner” volatility session, this session retested the Cycle Day 1 Low (17473) securely and rallied, fulfilling cycle goals.. Vary was 369 handles on 627k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Regular for Cycle Day 1 could be for a decline measuring 17446. Worth closed in higher quartile of the day’s vary, so closing bullish momentum might push worth increased earlier than the subsequent decline begins. Non-Farms Payrolls is in the present day BIG Occasion and doubtlessly a market-mover.
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 in the present day’s buying and selling.
Bull State of affairs: Worth sustains a bid above 17690, initially targets 17797 – 18018 zone.
Bear State of affairs: Worth sustains a suggestion under 17690, initially targets 17585 – 17535 zone.
PVA Excessive Edge = 17620 PVA Low Edge = 17482 Prior POC = 17537
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 Determination Pivot Ranges. Proceed to concentrate on Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day drive will increase chances of manufacturing profitable trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Realizing just isn’t sufficient, We should APPLY. Keen just isn’t 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
