S&P 500 (ES)
Prior Session was Cycle Day 2: The anticipated MATD Rhythms unfolded in the course of the AM Session because it was a “Rock’em Sock’em two-way public sale, with the sellers sustaining the strain. The 2pm Shake n Bake noticed the bulls “slipping on the cleaning soap” dropping traction, finally capitulating into the closing bell. Vary for this session was 35 handles on 1.241M contracts exchanged.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Buying and selling Room RECAP 12.10.24
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Worth is at present under the CD1 Low (6060) with odds (92.59%) favoring restoration again above throughout this session.
Immediately is the ultimate CPI studying for the 12 months as merchants are discounting 85% probability of a 25 bps fee minimize for the December.18th FED Assembly. Present goal fee is 4.50 % – 4.75%
Worth volatility could be very unpredictable in the course of the CPI print, so we’ll keep vigilance to the potential elevated two-way exercise.
PTG’s Main Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, eventualities to contemplate for right now’s buying and selling.
Bull State of affairs: Worth sustains a bid above 6050, initially targets 6060 – 6065 zone.
Bear State of affairs: Worth sustains a suggestion under 6050, initially targets 6040 – 6035 zone.
PVA Excessive Edge = 6073 PVA Low Edge = 6055 Prior POC = 6062
ES (Profile)
Nasdaq (NQ)
Prior Session was Cycle Day 2: Early morning power gave bulls ample ammunition to push worth larger growing hopes for a powerful reversal up. However to their shock they had been smoking an excessive amount of “hopium” as worth reversed unexpectedly decrease.
Quick-term merchants continued to BTFD, whereas bigger establishments continued to “feed the pigeons.” As soon as prior low gave approach it was obvious that the collected longs had been wrong-footed, finally succumbing to the “bricks on ticks” by liquidating positions into the closing bell. Vary for this session was 254 handles on 528k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Worth is at present under the CD1 Low (21436) with odds (92.59%) favoring restoration again above throughout this session.
Immediately is the ultimate CPI studying for the 12 months as merchants are discounting 85% probability of a 25 bps fee minimize for the December.18th FED Assembly. Present goal fee is 4.50 % – 4.75%
Worth volatility could be very unpredictable in the course of the CPI print, so we’ll keep vigilance to the potential elevated two-way exercise.
PTG’s Main Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, eventualities to contemplate for right now’s buying and selling.
Bull State of affairs: Worth sustains a bid above 21410, initially targets 21455 – 21475 zone.
Bear State of affairs: Worth sustains a suggestion under 21410, initially targets 21370 – 21350 zone.
PVA Excessive Edge = 21571 PVA Low Edge = 21441 Prior POC = 21469
NQ (Profile)
Financial Calendar
Commerce Technique: Our tactical commerce technique will merely stay unaltered…We’ll be versatile to commerce each lengthy and quick facet from Resolution Pivot Ranges. Proceed to deal with Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day power will increase possibilities of manufacturing successful trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Realizing 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 considered in any approach 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 the usage of this technique or any system or buying and selling methodology will generate income. 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 Forex buying and selling all have massive potential rewards, however additionally they have massive potential threat. It’s essential to concentrate on the dangers and be keen to simply accept them with a purpose to spend money on these markets. Don’t commerce with cash you possibly can’t afford to lose.
This web site is neither a solicitation nor a suggestion to Purchase/Promote futures, choices, or currencies. No illustration is being made that any account will or is prone to obtain income or losses much like these mentioned on this website. The previous efficiency of any buying and selling system or methodology is just not essentially indicative of future outcomes.
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
