Market (prime article)
financial calendar
https://www.investing.com/economic-calendar/
S&P500
The earlier session Cycle day 1 (date of buy): Worth established a brand new cycle low at 5060. Costs initially rallied in response to the PCE index outlined earlier, leading to a variety session. DTS Briefing 2/29/24. As soon as the CD1 penetration degree (5104.50) was met, the inversion was deployed and pushed down to check the important thing assist zone (5060 – 70). Unable to reverse, the value started to rise once more, pushed into the market by a closing value buy imbalance, surpassing $4 billion, and reversing sharply on the closing bell. A wild finish to February. The earlier vary was 45 handles of his 1.171 million contracts exchanged.
…Transition from cycle day 1 to cycle day 2
this leads us Cycle day 2 (sale date): Total pricing is proscribed to a broad multicomposite worth space outlined by 5070 to 5100 (30 deal with vary). The second day (promote day) of the cycle is often a consolidation, which inserts properly into the present market scenario. Additionally needless to say the start of the month usually sees an inflow of recent funds from retirement funds. Bulls have to clear the higher certain, whereas bears have to pressure a liquidation under the decrease certain. In any other case, a steady bidirectional balancing movement is most well-liked. The stage is about for the winner to take all of it!
Our every day plans stay the identical. Keep versatile and work with the principle pressure of the day. Therefore the situation to contemplate in at the moment’s buying and selling.
bull situation: Costs will stay bid above 5100 and can initially goal the 5115-5120 zone.
bear situation: Costs will maintain the provide under 5070 and initially goal the 5055-5050 zone.
***Word: There are two clear Line within the Sand (LIS) ranges in at the moment’s report, indicating that present circumstances are balanced. Except both the bulls or bears are in a position to escape in a brand new route, value actions are more likely to stay throughout the multi-day compound vary.
PVA excessive edge = 5104 PVA low edge = 5086 Earlier POC = 5095
***** A 3-day cycle satisfies the optimistic cycle statistics 90% of the time, protecting 12 years of recorded monitoring historical past.
Vary Forecast (ES) March 2024 (H)
Nasdaq 100 (NQ)
The earlier session Cycle day 1 (date of buy): Worth established a brand new cycle low at 17,826. Costs initially rallied in response to the PCE index outlined earlier, leading to a variety session. DTS Briefing 2/29/24. As soon as the preliminary extra excessive was established, a reversal developed and pushed down to check the important thing assist zone (17840 – 17860). Unable to reverse, the value started to rise once more, pushed into the market by a closing value buy imbalance, surpassing $4 billion, and reversing sharply on the closing bell. A wild finish to February. The earlier vary was 283 handles with 671,000 contracts exchanged.
…Transition from cycle day 1 to cycle day 2
this leads us Cycle day 2 (sale date): Total value is proscribed to a large multicomposite worth space outlined by 17900 to 18000 (100 deal with vary). The second day (promote day) of the cycle is often a consolidation, which inserts properly into the present market scenario. Additionally needless to say the start of the month usually sees new cash coming in from retirement funds. Bulls have to clear the higher restrict (18060), whereas bears have to pressure a liquidation under the decrease restrict (17935). In any other case, a steady bidirectional balancing movement is most well-liked. The stage is about for the winner to take all of it!
Our every day plans stay the identical. Keep versatile and work with the principle pressure of the day. Therefore the situation to contemplate in at the moment’s buying and selling.
bull situation: Costs will keep bids above 18060 and initially goal the 18125-18165 zone.
bear situation: Maintain provides under 17935 and goal the 17870-17825 zone initially.
PVA Excessive Edge = 18067 PVA Low Edge = 17980 Earlier POC = 18042
Vary Forecast (NQ) March 2024 (H)
Commerce technique: Our tactical buying and selling technique stays unchanged. Flexibly commerce on each the lengthy and quick sides out of your decision-making pivot degree.keep centered bull/bear stacker and Premium/Low cost. As all the time, staying aligned with the dominant forces in the course of the day will increase the likelihood of a profitable commerce.
Keep centered… Keep open-minded… Keep disciplined All the time 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 will under no circumstances be thought-about as a advice 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 will probably be made by utilizing this technique, system or buying and selling method. 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 foreign money buying and selling all have the potential for nice income, however in addition they include important potential dangers. To spend money on these markets, it’s essential to pay attention to the dangers and be keen 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 provide to purchase or promote futures, choices, or currencies. No illustration is being made that any account will or is more likely to obtain income or losses just like these mentioned on this web site. The previous efficiency of a buying and selling system or technique 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 information, 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 impression of sure market elements, reminiscent of 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 more likely to obtain income or losses just like these proven.
