S&P 500
Prior Session was Cycle Day 3: Constructive 3-Day Cycle as this rally prolonged 134.75 pts (145.22%) of the traditional cycle vary. Cycle accuracy stands @ 92.31%, that means Worth is Larger Than (>) CD1 Low on CD3. CALL Choice performs proceed to carry out. Vary for this session was 57 handles on 1.527M contracts exchanged.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 11.25.24
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Objective of Cycle Day 1 (CD1) is to ascertain a brand new cycle low from which to stage the subsequent rally.
Prior session’s early power couldn’t be sustained into the closing bell. As such, early in a single day commerce exercise has value retreating decrease into Friday’s vary.
Common Decline measures 5965 which will probably be used to focus on this pullback.
Bulls will probably be seeking to maintain 5985 and reclaim 6005
Bears will probably be seeking to pressure a deeper decline into common decline / channel assist zone.
PTG’s Major Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, situations to think about for right now’s buying and selling.
Bull Situation: Worth sustains a bid above 5985, initially targets 6005 – 6010 zone.
Bear Situation: Worth sustains a suggestion under 5985, initially targets 5975 – 5965 zone.
PVA Excessive Edge = 6022 PVA Low Edge = 6000 Prior POC = 6013
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Constructive 3-Day Cycle was fulfilled as value hit all upside cycle aims, earlier than reversing again into Friday’s vary and consolidating. Vary for this session was 300 handles on 534k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Objective of Cycle Day 1 (CD1) is to ascertain a brand new cycle low from which to stage the subsequent rally. Common Decline measures 20712 which will probably be used to focus on this pullback.
Bulls will probably be seeking to maintain 20785 and reclaim 20900
Bears will probably be seeking to pressure a deeper decline into common decline / channel assist zone.
PTG’s Major Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, situations to think about for right now’s buying and selling.
Bull Situation: Worth sustains a bid above 20825, initially targets 20900– 20915 zone.
Bear Situation: Worth sustains a suggestion under 20825, initially targets 20755 – 20745 zone.
PVA Excessive Edge = 20957 PVA Low Edge = 20837 Prior POC = 20875
NQ Chart (Profile)
Financial Calendar
Commerce Technique: Our tactical commerce technique will merely stay unaltered…We’ll be versatile to commerce each lengthy and brief facet from Determination Pivot Ranges. Proceed to give attention to Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day pressure will increase possibilities of manufacturing profitable trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Understanding is just not sufficient, We should APPLY. Prepared is just not sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “training solely” and shouldn’t be seen in any method as a suggestion to purchase or promote futures merchandise.”
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
IMPORTANT NOTICE! No illustration is being made that using this technique or any system or buying and selling methodology will generate earnings. Previous efficiency is just not essentially indicative of future outcomes. There may be substantial threat of loss related to buying and selling securities and choices on equities. Solely threat capital needs to be used to commerce. Buying and selling securities is just not appropriate for everybody.
Disclaimer: Futures, Choices, and Foreign money buying and selling all have giant potential rewards, however additionally they have giant potential threat. You have to pay attention to the dangers and be prepared to simply accept them to be able to put money into these markets. Don’t commerce with cash you’ll be able to’t afford to lose.
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