Shopping (Top Stories)
Economic Calendar
https://www.investing.com/economic-calendar/
S&P 500
Previous Session was 2nd cycle day: The price continued to rally surpassing the three-day cycle targets and meeting the CD2 penetration levels. The range was 60 handles on 1.506 million contracts traded.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us to 3rd day of cycle: Prices are trading near all-time highs and with the three-day cycle targets met, we’ll call today’s session a “wild card”. Bulls continue to dominate, although a corrective pullback could unfold at any time. As always, our regular trading plan remains unchanged… Stay aligned with the dominant forces within the day. Hence, scenarios to consider for today’s trading.
Taurus Scenario: Price holds bid above 5140, initially targets 5150 – 5155 zone.
Bear Scenario: Price maintains a bid below 5140, initially targeting the 5130 – 5125 zone.
PVA High Edge = 5148 PVA Low Edge = 5115 Prior POC = 5145
*****THE The 3 Day Cycle has a 90% chance of meeting positive cycle statistics covering 12 years of recorded tracking history.
Range Projections (ES) March 2024 (H)
Nasdaq 100 (NQ)
Previous Session was 2nd cycle day: The price continued to rally surpassing the three-day cycle targets and meeting the CD2 penetration levels. The range was 173 handles in 546,000 contracts traded.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us to 3rd day of cycle: Prices are trading near highs and with the Three-Day Cycle Targets being met, we would call today’s session a “wildcard”. Bulls continue to dominate, although a corrective pullback could unfold at any time. As always, our regular trading plan remains unchanged… Stay aligned with the dominant forces within the day. Hence, scenarios to consider for today’s trading.
Taurus Scenario: Price maintains a bid above 18310, initially targeting the 18370 – 18390 zone.
Bear Scenario: Price maintains a bid below 18310, initially targeting the 18285 – 18240 zone.
PVA High Edge = 18372 PVA Low Edge = 18147 Prior POC = 18340
Range Projections (NQ) March 2024 (H)
Commercial Strategy: Our regular trading strategy will simply remain unchanged…We will be flexible in trading both long and short from the Aggregate Decision Levels. Keep focusing on Bulls/Bear Stackers and Premium/Discounts. As always, staying in line with the dominant force within the day increases the chances of producing profitable trades.
Stay focused…Unbiased…Disciplined ALWAYS USE STOPS!
Good trading…David
“Knowing is not enough, we have to apply. Willing is not enough, we must DO.” –Bruce Lee
*****This trading strategy report is distributed for “educational purposes only” and should in no way be construed as a recommendation to buy or sell futures.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
IMPORTANT NOTE! No representation is made that the use of this strategy or any trading system or methodology will result in profits. Past performance is not necessarily indicative of future results. There is a significant risk of loss associated with trading securities and stock options. Only venture capital should be used for trading. Securities trading is not for everyone.
Disclaimer: Futures, options and currency trading all have great potential rewards, but they also have great potential risk. You must be aware of the risks and be willing to accept them to invest in these markets. Don’t trade with money you can’t afford to lose.
This website is neither an invitation nor an offer to Buy/Sell futures, options or currencies. No representation is made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 –THE HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE SPECIFIC LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, THE SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRANSACTIONS. ALSO, AFTER THE TRANSACTIONS HAVE NOT BEEN EXECUTED, THE RESULTS MAY BE UNDER-ORDERED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LIQUIDITY. TRADING SIMULATION PROGRAMS ARE GENERALLY ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF RECEIVING. NO REPRESENTATION IS MADE THAT ANY ACCOUNT IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN
