Markets (Prime Tales)
Supply: investing.com
Financial Calendar
S&P 500
Prior Session was Cycle Day 2: Value vaulted larger to contemporary all-time highs on CPI beat, in addition to holding bid throughout the FOMC Presser. Value has now elevated +2.25% from the Cycle Day 1 Low (5334.50) to present excessive (5454.50). +120 handles! One other “3-Day Tremendous Cycle!” Vary was 74 handles on 1.713M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Cycle goals have been exceeded throughout prior session, so we’ll mark immediately as a “Wild-Card.” Bulls have agency management, so it’s theirs to relinquish. We’ll mark 5420 as key “Line within the Sand” Usually we’d be anticipating MATD rhythms following giant vary transfer, although ultimate highs might not but be in-place. As at all times, you understand the plan…Keep aligned with dominant intra-day forces.
As such, eventualities to think about for immediately’s buying and selling.
Bull State of affairs: Value sustains a bid above 5420, initially targets 5450 – 5455 zone.
Bear State of affairs: Value sustains a proposal under 5420, initially targets 5400 – 5395 zone.
PVA Excessive Edge = 5447 PVA Low Edge = 5428 Prior POC = 5441
*****The 3 Day Cycle has a 92.11% 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: Value vaulted larger to contemporary all-time highs on CPI beat, in addition to holding bid throughout the FOMC Presser. Value has now elevated +3.22%% from the Cycle Day 1 Low (18994.50) to present excessive (19602.75). +608 handles! One other “3-Day Tremendous Cycle!” Vary was 378 handles on 673k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3: Cycle goals have been exceeded throughout prior session, so we’ll mark immediately as a “Wild-Card.” Bulls have agency management, so it’s theirs to relinquish. We’ll mark 19510 as key “Line within the Sand” Usually we’d be anticipating MATD rhythms following giant vary transfer, although ultimate highs might not but be in-place. As at all times, you understand the plan…Keep aligned with dominant intra-day forces.
As such, eventualities to think about for immediately’s buying and selling.
.Bull State of affairs: Value sustains a bid above 19510, initially targets 19660– 19685 zone.
Bear State of affairs: Value sustains a proposal under 19510, initially targets 19435 – 19380 zone.
PVA Excessive Edge = 19144 PVA Low Edge = 19030 Prior POC = 19057
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 facet from Determination Pivot Ranges. Proceed to give attention to Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day power will increase possibilities of manufacturing profitable 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 considered 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 the usage of this technique or any system or buying and selling methodology will generate income. Previous efficiency isn’t essentially indicative of future outcomes. There’s substantial threat of loss related to buying and selling securities and choices on equities. Solely threat capital needs to 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 in addition they have giant potential threat. You need to pay attention to the dangers and be prepared to simply accept them to be able to spend money on these markets. Don’t commerce with cash you possibly can’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 income or losses just 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
