Market (top article)
economic calendar
https://www.investing.com/economic-calendar/
S&P500
The previous session Cycle day 2: As previously outlined, price established a cycle low at 5063 on CD1. DTS Briefing 3.6.24. Similar to Reminder (JAR), the main purpose of the 3-day cycle is to establish a low price (CD1) from which to move up. The cycle day 2 (CD2) rhythm typically unfolds as a MATD, or continuous rally. This happens in this session and satisfies 5134. 10 days ATR range. The range was 50 handles with 1.876 million contracts exchanged.
Posted by X @PolarisTrading
Here is the link: PTG Daily Range Goal Calculator
…Transition from cycle day 2 to cycle day 3
this leads us Cycle day 3: The key 3-day cycle objective (5105) was achieved as price settled within the mid-zone of the multi-day compound range. The bulls will need to push to the Clear and Convert (CnC) 5150 level, while the bears will be looking to force a liquidation below the CD1 low (5063). The current distribution is fairly balanced, so we mark 5113 as today’s Line in the Sand (LIS).
As always, our tactical trade plan remains the same…staying aligned with the dominant power in Japan and China. Hence the scenario to consider in today’s trading.
bull scenario: Prices will remain bid above 5113 and initially target the 5120-5125 zone.
bear scenario: Keep offers below 5113 and initially target the 5100-5095 zone.
PVA high edge = 5120 PVA low edge = 5100 Previous POC = 5113
***** A 3-day cycle satisfies the positive cycle statistics 90% of the time, covering 12 years of recorded tracking history.
Range Forecast (ES) March 2024 (H)
Nasdaq 100 (NQ)
The previous session Cycle day 2: As previously outlined, price established a cycle low at 17832.50 on CD1. DTS Briefing 3.6.24. Similar to Reminder (JAR), the main purpose of the 3-day cycle is to establish a low price (CD1) from which to move up. Cycle day two (CD2) rhythms usually unfold as a MATD, or continuation rally, and that’s what happened in this session. The range was 231 handles with 797,000 contracts exchanged.
…Transition from cycle day 2 to cycle day 3
this leads us Cycle day 3: Prices have recovered to the five-day midpoint zone as the market searches for acceptable balance parameters. The current distribution is fairly balanced, so we mark 18050 as today’s Line in the Sand (LIS).
As always, our tactical trade plan remains the same…staying aligned with the dominant power in Japan and China. Hence the scenario to consider in today’s trading.
bull scenario: Prices will remain bid above 18050 and will initially target the 18105-18125 zone.
bear scenario: Keep the price offer below 18050 and initially target the 18000-17980 zone.
PVA high edge = 18103 PVA low edge = 18011 Previous POC = 18044
Range Forecast (NQ) March 2024 (H)
Trade strategy: Our tactical trading strategy remains unchanged. Flexibly trade on both the long and short sides from your decision-making pivot level.stay focused bull/bear stacker and Premium/Discount. As always, staying aligned with the dominant forces during the day increases the probability of a winning trade.
Stay focused… Stay open-minded… Stay disciplined Always use stops.
Good deal…David
“Knowing is not enough, we must apply. Willingness alone is not enough, we must act.” –Bruce Lee
*****This trading strategy report is distributed for “educational purposes only” and should in no way be considered as a recommendation to buy or sell futures products. ”
Past performance is not necessarily indicative of future results
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