Market (high article)
financial calendar
https://www.investing.com/economic-calendar/
S&P500
The earlier session Cycle Day 1 (CD1): Common CD1 value fell and set a brand new cycle low at 4959. goal grasp Anticipated low stage. Within the closing “hour of energy,” the value soared towards the shut forward of Nvidia’s (NVDA) earnings launch. The earlier vary was 61 handles of his 1.408 million contracts exchanged.
…Transition from cycle day 1 to cycle day 2
this leads us Cycle Day 2 (CD2):The rally within the final hour was sufficient momentum to push the value increased and it closed on the day’s excessive. The three-day cycle goal measures 5030, so we mark 5015 as at present’s line-in-sand (LIS). As all the time, stay versatile and coordinate with the primary daytime forces. Therefore the state of affairs to think about in at present’s buying and selling.
bull state of affairs: Costs will stay bid above 5015 and can initially goal the 5030-5035 zone.
bear state of affairs: We are going to maintain the provide beneath 5015 and initially goal the 5000-4995 zone.
PVA excessive edge = 4985 PVA low edge = 4970 Earlier POC = 4976
Vary Forecast and Key Stage (ES) March 2024 (H) Contract
HOD ATR Vary Prediction: 5065; LOD ATR Vary Prediction: 477; 3 day central pivot: 5005; 3 day cycle goal: 5030; 10-day common true vary 50; VIX: 13
****Observe-up morning word relating to GLOBEX evening buying and selling****
PTGDavid : (7:56:49 AM) : ES 20-day common each day vary (ADR) aim met
Nasdaq 100 (NQ)
The earlier session Cycle Day 1 (CD1): Common CD1 declined in value and established a brand new cycle low at 17372, the anticipated low stage of 20 ADR. Within the closing “hour of energy,” the value soared towards the shut forward of Nvidia’s (NVDA) earnings launch. The earlier vary was 350 handles with 717,000 contracts changed.
…Transition from cycle day 1 to cycle day 2
this leads us Cycle Day 2 (CD2):The final hour’s rally was robust sufficient to satisfy the 3-day cycle aim (17705). As robust momentum stays, we mark 17675 as at present’s Line in Sand (LIS). As all the time, keep versatile and work with the primary 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 keep bids above 17675 and initially goal the 17770-17800 zone.
bear state of affairs: Maintain the value provide beneath 17675 and goal the 17620-17600 zone initially.
PVA excessive edge = 17526 PVA low edge = 17442 Earlier POC = 17471
Vary Forecast and Key Stage (NQ) March 2024 (H) Contract
HOD ATR Vary Prediction: 17938; LOD ATR Vary Prediction:17483; 3 day central pivot: 17661; 3 day cycle goal: 17705; 10-day common true vary:262VIX:13
****Observe-up morning word relating to GLOBEX evening buying and selling****
PTGDavid : (7:53:49 AM) : NQ 3 Day Cycle Excessive Vary Goal
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 stage.keep targeted bull/bear stacker and Premium/Low cost. As all the time, staying aligned with the dominant forces through the day will increase the likelihood of manufacturing successful trades.
Keep targeted… Keep open-minded… Keep disciplined All the time use stops.
Whole lot…David
“Figuring out is just not sufficient, we should apply. Willingness alone is just not sufficient, we should act.” –Bruce Lee
*****This buying and selling technique report is distributed for “academic functions solely” and will under no circumstances be thought-about as a advice to purchase or promote futures merchandise. ”
Previous efficiency is just not essentially indicative of future outcomes
Necessary Notices! No illustration is made that any earnings will likely be made by utilizing this technique, system or buying and selling approach. Previous efficiency is just not essentially indicative of future outcomes. There’s a vital threat of loss related to buying and selling securities and fairness choices. Solely threat capital must be used for buying and selling. Buying and selling securities is just not appropriate for everybody.
Disclaimer: Futures buying and selling, choices buying and selling, and foreign money buying and selling all have the potential for excellent earnings, however in addition they include vital potential dangers. To spend money on these markets, you will need to pay attention to the dangers and be prepared to just 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 provide to purchase or promote futures, choices, or currencies. No illustration is being made that any account will or is prone to obtain earnings or losses much like these mentioned on this web site. The previous efficiency of a buying and selling system or methodology is just not essentially indicative of future outcomes.
CFTC Rule 4.41 – Hypothetical or simulated efficiency outcomes are topic to sure limitations. In contrast to precise efficiency data, simulation outcomes don’t characterize precise buying and selling. Additionally, since trades haven’t been executed, the outcomes might under- or over-compensate for the affect of sure market components, comparable to lack of liquidity, if any. Typically, 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 earnings or losses much like these proven.
