Markets
Supply: Looking for Alpha
Financial Calendar
S&P 500
Prior Session was Cycle Day 3: Monster 3 Day Cycle Rally hitting Statistical Vary Extremes. To offer some perspective on the power of this Cycle: Worth rallied 175.70% of the anticipated 3 Day Cycle Vary (69.15 pts). Precise Vary was 121.50 pts. SUPER CYCLE! Day by day Vary for ES was 65 handles on 1.369M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: Bullish momentum is clearly intact at all-time highs, with Nvidia (NVDA) vaulting > 5% to $3 trillion market valuation, eclipsing Apple (AAPL) for the highest spot.
Regular for Cycle Day 1 could be for a decline measuring 5333.50. Residual bullish momentum might spill-over into this session earlier than the following decline begins. Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us properly, so keep the course.
As such, situations to think about for immediately’s buying and selling.
Bull State of affairs: Worth sustains a bid above 5365, initially targets 5380 – 5385 zone.
Bear State of affairs: Worth sustains a proposal beneath 5365, initially targets 5350 – 5345 zone.
PVA Excessive Edge = 5367 PVA Low Edge = 5323 Prior POC = 5360
*****The 3 Day Cycle has a 91.89% 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 3: Monster 3 Day Cycle Rally hitting Statistical Vary Extremes. Nvidia (NVDA) vaulted > 5% to $5 trillion market valuation, eclipsing Apple (AAPL) for the highest spot. Day by day Vary for NQ was 394 handles on 564k 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 18973.50. Residual bullish momentum might spill-over into this session earlier than the following decline begins. Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us properly, so keep the course.
Bull State of affairs: Worth sustains a bid above 19040, initially targets 19130 – 19170 zone.
Bear State of affairs: Worth sustains a proposal beneath 19040, initially targets 18990 – 18970 zone.
PVA Excessive Edge = 19088 PVA Low Edge = 18846 Prior POC = 19038
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 drive will increase possibilities of manufacturing profitable trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Realizing will not be sufficient, We should APPLY. Prepared will not be sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “training solely” and shouldn’t be seen in any manner 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 income. Previous efficiency will not be 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 needs to be used to commerce. Buying and selling securities will not be appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have giant potential rewards, however in addition they have giant potential threat. You need to concentrate on the dangers and be keen to simply accept them with the intention to put money into these markets. Don’t commerce with cash you may’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 more likely to obtain income or losses just like these mentioned on this web page. The previous efficiency of any buying and selling system or methodology will not 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
