Market (top article)
Source: investing.com
economic calendar
S&P500
The previous session Cycle day 3: The 3-day cycle goal (5270) was met, so a scoped MATD rhythmic session was created. The lower limit was LIS 5250 and the upper limit was 5270. The actual HOD was 3 ticks (5269.25) short of the target. close enough! All in all, it was an uneventful day, but I was just “eclipsed” by the heavens. The range was 32 handles with 1.115 million contracts exchanged.
…Transition from cycle day 3 to cycle day 1
this leads us Cycle day 1: The average decline rate for CD1 is 5220. Today’s session will be postponed to yesterday’s session. DTS 4.8.24 Briefing level, since no material structural level was violated. Compression leads to expansion, so try to stay focused and pay attention to sudden changes in sentiment.
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 5250 and initially target the 5270-5275 zone.
bear scenario: Prices will keep the offer below 5250 and initially target the 5230-5225 zone.
PVA high edge = 5260 PVA low edge = 5250 Previous POC = 5255
***** A 3-day cycle satisfies the positive cycle statistics 90% of the time, covering 12 years of recorded tracking history.
Range Forecast (ES) June 2024 (M)
Nasdaq 100 (NQ)
The previous session Cycle day 3: Because the 3-day cycle goal (18381) was achieved, a scoped MATD rhythmic session was created.The bottom end is 3DCPZ (18265) and Upper Edge 5-day VAH (18370) outlined this session. All in all, it was an uneventful day, but I was just “eclipsed” by the heavens. The range was 138 handles with 521,000 contracts exchanged.
…Transition from cycle day 3 to cycle day 1
this leads us Cycle day 1: The average decline in CD1 is 18260.50. Today’s session will postpone yesterday’s session. DTS 4.8.24 Briefing level, since no material structural level was violated. Compression leads to expansion, so try to stay focused and pay attention to sudden changes in sentiment.
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 18300 and will initially target the 18455-18500 zone.
bear scenario: Keep the price offer below 18300 and initially target the 18225-18190 zone.
PVA high edge = 18322 PVA low edge = 18280 Previous POC = 18300
Range Forecast (NQ) June 2024 (M)
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
Important Notices! No representation is made that any profits will be made by using this strategy, system or trading technique. Past performance is not necessarily indicative of future results. There is a significant risk of loss associated with trading securities and equity options. Only risk capital should be used for trading. Trading securities is not suitable for everyone.
Disclaimer: Futures trading, options trading, and currency trading all have the potential for great profits, but they also come with significant potential risks. To invest in these markets, you must be aware of the risks and be willing to accept them. Don’t trade with money you can’t afford to lose.
This website does not constitute a solicitation or offer to buy or 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 website. The past performance of a trading system or method is not necessarily indicative of future results.
CFTC Rule 4.41 – Hypothetical or simulated performance results are subject to certain limitations. Unlike actual performance records, simulation results do not represent actual trading. Also, since trades have not been executed, the results may under- or over-compensate for the impact of certain market factors, such as lack of liquidity, if any. It is also influenced by the fact that simulated trading programs are generally designed with hindsight in mind. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.