Markets
Supply: Looking for Alpha
Financial Calendar
S&P 500
Prior Session was Cycle Day 3: Month of Could ended with a late afternoon Friday rally sending value to shut close to 5300 and high finish of 5-day worth zone. Vary was 101 handles on 2.290M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Regular for Cycle Day 1 can be for a decline measuring 5253. Residual bullish momentum might spill-over into this session earlier than the following decline begins. Mutual Fund Monday is a risk as contemporary new monies are usually put to work at starting of every month.. As at all times, 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 5290, initially targets 5315 – 5325 zone.
Bear State of affairs: Worth sustains a proposal beneath 5290, initially targets 5270 – 5265 zone.
PVA Excessive Edge = 5269 PVA Low Edge = 55218 Prior POC = 5256
*****The 3 Day Cycle has a 90% chance of fulfilling Optimistic Cycle Statistics protecting 12 years of recorded monitoring historical past.
Vary Projections (ES) June 2024 (M)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Month of Could ended with a late afternoon Friday rally which reversed the morning’s weak spot, sending value to shut again into the session’s opening vary. Vary was 427 handles on 817k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Regular for Cycle Day 1 can be for a decline measuring 18418.50. Residual bullish momentum might spill-over into this session earlier than the following decline begins. Mutual Fund Monday is a risk as contemporary new monies are usually put to work at starting of every month.. As at all times, our tactical commerce plan stays unchanged…Keep in alignment with dominant intra-day forces.
Bull State of affairs: Worth sustains a bid above 18540, initially targets 18655 – 18685 zone.
Bear State of affairs: Worth sustains a proposal beneath 18540, initially targets 18485 – 18455 zone.
PVA Excessive Edge = 18540 PVA Low Edge = 18245 Prior POC = 18455
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 Choice Pivot Ranges. Proceed to concentrate on Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day pressure will increase chances of manufacturing successful trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Figuring out is just not sufficient, We should APPLY. Prepared is just not sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be considered in any means 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 is just not essentially indicative of future outcomes. There’s 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 is just not appropriate for everybody.
Disclaimer: Futures, Choices, and Foreign money buying and selling all have massive potential rewards, however additionally they have massive potential threat. You could pay attention to the dangers and be prepared to simply accept them with a purpose 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 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 just like these mentioned on this website online. The previous efficiency of any buying and selling system or methodology is just not 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
