S&P 500
Prior Session was Cycle Day 1: This session was a textbook Cycle Day 1 with the anticipated decline fulfilling and exceeding the common decline establishing a brand new cycle low at 6060. Vary for this session was 46 handles on 1.256M contracts exchanged.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 12.9.24
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Having closed close to low of day, momentum might spill-over into this present day earlier than the subsequent rally begins.
Value is at present close to the important thing 6063 prior weekly High Volume Node (HVN). (screenshot) We’ll be monitoring whether or not this area is “accepted” (building volume) or “rejected” (repelling volume).
This week is also the final CPI reading for the year as traders are discounting 85% chance of a 25 bps rate cut for the December.18th FED Meeting. Current target rate is 4.50 % – 4.75%
PTG’s Primary Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 6060, initially targets 6075 – 6080 zone.
Bear Scenario: Price sustains an offer below 6060, initially targets 6045 – 6040 zone.
PVA High Edge = 6081 PVA Low Edge = 6060 Prior POC = 6074
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: This session was a textbook Cycle Day 1 with the decline establishing a new cycle low at 21436. Range for this session was 270 handles on 507k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Having closed near low of day, momentum may spill-over into this day before the rally begins.
Price is currently near the key 21474 prior weekly High Volume Node (HVN). (screenshot) We’ll be monitoring whether or not this area is “accepted” (building volume) or “rejected” (repelling volume).
This week is also the final CPI reading for the year as traders are discounting 85% chance of a 25 bps rate cut for the December.18th FED Meeting. Current target rate is 4.50 % – 4.75%
PTG’s Primary Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 21465, initially targets 21540– 21560 zone.
Bear Scenario: Price sustains an offer below 21465, initially targets 21395 – 21365 zone.
PVA High Edge = 21601 PVA Low Edge = 21436 Prior POC = 21508
NQ Chart (Profile)
Economic Calendar
Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.
Stay Focused…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Trading…David
“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –BR
*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.
Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.
This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN
