Market (high article)
financial calendar
https://www.investing.com/economic-calendar/
S&P500
The earlier session 3rd day of cycle: The three-day cycle goal was met and prolonged to the penetration degree earlier than reversing and promoting till the closing bell. General, this cycle was a “textbook” 3 day cycle. ***See beneath for particulars on 3-day cycle with free trial provide. The vary was 84 handles with 1.588 million contracts exchanged.
…Transition from cycle day 3 to cycle day 1
this leads us Cycle day 1: The traditional decline for CD1 is 5121.75. The Bulls are those to lose as they’re firmly within the lead with a brand new all-time excessive on the ultimate buying and selling day of the week. Mark 5155 as immediately’s Line within the Sand. Predictive Stability Goal (PBT) measures 5125 with cycle goal 5234 deal with.
As all the time, our tactical commerce plan stays the identical…staying aligned with the dominant energy in Japan and China.
Eventualities to contemplate when buying and selling immediately.
bull situation: Costs will stay bid above 5155 and initially goal the 5165-5170 zone.
bear situation: Preserve presents beneath 5155 and goal the 5145-5140 zone initially.
PVA excessive edge = 5168 PVA low edge = 5145 Earlier POC = 5157
***** A 3-day cycle satisfies the optimistic cycle statistics 90% of the time, masking 12 years of recorded monitoring historical past.
Vary Forecast (ES) March 2024 (H)
Nasdaq 100 (NQ)
The earlier session 3rd day of cycle: The three-day cycle goal was met and prolonged to the penetration degree earlier than reversing and promoting till the closing bell. General, this cycle was a “textbook” 3 day cycle. The vary was 444 handles with 740K contracts changed.
…Transition from cycle day 3 to cycle day 1
this leads us Cycle day 1: The traditional decline for CD1 is 18108.75. The Bulls are those to lose as they’re firmly within the lead with a brand new all-time excessive on the ultimate buying and selling day of the week. Mark 18305 as immediately’s Line within the Sand. The anticipated stability goal (PBT) measures 18631, which matches the cycle goal of 18607.
As all the time, our tactical commerce plan stays the identical…staying aligned with the dominant energy in Japan and China.
Eventualities to contemplate when buying and selling immediately.
bull situation: Costs will stay bid above 18305 and can initially goal the 18405-18430 zone.
bear situation: Preserve presents beneath 18305 and goal the 18175-18150 zone initially.
PVA Excessive Edge = 18357 PVA Low Edge = 18187 Earlier POC = 18314
Vary Forecast (NQ) March 2024 (H)
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 targeted bull/bear stacker and Premium/Low cost. As all the time, staying aligned with the dominant forces throughout the day will increase the chance of manufacturing profitable trades.
Keep targeted… Keep open-minded… Keep disciplined At all times use stops.
Whole lot…David
“Figuring out 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 “instructional functions solely” and may under no circumstances be thought-about as a suggestion to purchase or promote futures merchandise. ”
Previous efficiency will not be 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 will not be essentially indicative of future outcomes. There’s a vital danger of loss related to buying and selling securities and fairness choices. Solely danger capital ought 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 earnings, however in addition they include vital 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 possibly can’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 technique will not be 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 symbolize precise buying and selling. Additionally, since trades haven’t been executed, the outcomes could under- or over-compensate for the impression of sure market elements, corresponding to lack of liquidity, if any. Additionally it is influenced by the truth that simulated buying and selling packages are typically 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.
