Market (prime article)
financial calendar
https://www.investing.com/economic-calendar/
S&P500
The earlier session Cycle Day 1 (CD1): Common CD1 costs fell, albeit shallowly, establishing a brand new cycle low at 5003.75. Value consolidated the earlier session’s 5000 achievement by holding bids above this degree and retesting the earlier excessive (5020) on the shut. Textbook impartial vary day. Earlier vary was 16 handles with 951k contracts changed.
…Transition from cycle day 1 to cycle day 2
this leads us Cycle Day 2 (CD2): Since at present is Friday, there aren’t any financial studies on paper, so costs are free to maneuver. Additional upward enlargement is initially measured within the 5025-5035 zone. A weekend “walk-away” commerce can be attainable if the bulls are unable to safe larger upside. Mark 5015 as at present’s line-in-sand (LIS). As at all times, keep versatile and work with the principle forces of the day. Therefore the state of affairs to think about in at present’s buying and selling.
bull state of affairs: Preserve the value bid above 5015 and initially goal the 5025-5035 zone.
bear state of affairs: We are going to maintain the supply under 5015 and initially goal the 5000-4995 zone.
PVA excessive edge = 5015 PVA low edge = 5009 Earlier POC = 5012
Vary Forecast and Key Degree (ES) March 2024 (H) Contract
HOD ATR Vary Prediction: 5062; LOD ATR Vary Prediction: 4967; 3 day central pivot: 4994; 3 day cycle goal: 5045; 10-day common true vary 49; VIX: 13
Nasdaq 100 (NQ)
The earlier session Cycle Day 1 (CD1): Common CD1 worth fell shallowly however established a brand new cycle low at 17792.25. The worth consolidated by sustaining bids above 17,800 and surpassing the earlier excessive. The earlier vary was 104 handles with 465,000 contracts changed.
…Transition from cycle day 1 to cycle day 2
this leads us Cycle Day 2 (CD2): Since at present is Friday, there aren’t any financial studies on paper, so costs are free to maneuver. Additional upside enlargement first measures the 17911-17933 zone. A weekend “walk-away” commerce can be attainable if the bulls are unable to safe larger upside. Mark 17845 as at present’s line-in-sand (LIS). As at all times, keep versatile and work with the principle forces of the day. Therefore the state of affairs to think about in at present’s buying and selling.
bull state of affairs: Costs will stay bid above 17845 and can initially goal the 17911-17933 zone.
bear state of affairs: Preserve the value supply under 17845 and initially goal the 17800-17780 zone.
PVA Excessive Edge = 17833 PVA Low Edge = 17838 Earlier POC = 17846
Vary Forecast and Key Degree (NQ) March 2024 (H) Contract
HOD ATR Vary Prediction: 18107; LOD ATR Vary Prediction: 17622; 3 day central pivot: 17765; 3 day cycle goal: 17933; 10-day common true vary:255VIX:13
Commerce technique: Our tactical buying and selling technique stays unchanged. Flexibly commerce on each the lengthy and brief sides out of your decision-making pivot degree.keep centered bull/bear stacker and Premium/Low cost. As at all times, staying aligned with the dominant forces through the day will increase the chance of manufacturing profitable trades.
Keep centered… Keep open-minded… Keep disciplined At all times use stops.
Whole lot…David
“Understanding will not be sufficient, we should apply. Willingness alone will not be sufficient, we should act.” –Bruce Lee
*****This buying and selling technique report is distributed for “academic functions solely” and may under no circumstances be thought of as a suggestion to purchase or promote futures merchandise. ”
Previous efficiency will not be essentially indicative of future outcomes
Essential Notices! No illustration is made that any income can be made by utilizing this technique, system or buying and selling approach. Previous efficiency will not be essentially indicative of future outcomes. There’s a important threat of loss related to buying and selling securities and fairness choices. Solely threat capital needs to be used for buying and selling. Buying and selling securities will not be appropriate for everybody.
Disclaimer: Futures buying and selling, choices buying and selling, and forex buying and selling all have the potential for nice income, however additionally they include important potential dangers. To put money into these markets, it’s essential to concentrate on the dangers and be prepared to simply accept them. Do not commerce with cash you’ll be able to’t afford to lose.
This web site doesn’t represent a solicitation or supply to purchase or promote futures, choices, or currencies. No illustration is being made that any account will or is prone to obtain income or losses much like these mentioned on this web site. The previous efficiency of a buying and selling system or methodology will not be essentially indicative of future outcomes.
CFTC Rule 4.41 – Hypothetical or simulated efficiency outcomes are topic to sure limitations. Not like precise efficiency data, simulation outcomes don’t characterize precise buying and selling. Additionally, since trades haven’t been executed, the outcomes could under- or over-compensate for the affect of sure market elements, resembling lack of liquidity, if any. Usually, simulated buying and selling applications are additionally influenced by the truth that they’re designed with hindsight in thoughts. No illustration is being made that any account will or is prone to obtain income or losses much like these proven.
