S&P 500 (ES)
Prior Session was Cycle Day 2: Worth reversal of early energy set the session’s rhythm with vendor’s in-control which result in establishing decrease worth between 6112 – 6128 zone (ESH25) Vary for this session was 44 handles on 1.158M contracts exchanged.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Buying and selling Room RECAP 12.13.24
***NOTE: Contract Rollover to March (H) 2025 from December (Z) 2024 Unfold = 70.25 factors
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Worth is above CD1 Low so a constructive 3-day cycle statistic (92.68%) will stay safe.
Odds of Rally > 10 = 88%…> 20 = 68% Common Vary CD3 = 35.53
Contract rollover volumes might be unfold with a 70.25 level differential. For day merchants, rollover is meaningless; Though it’s good apply to be aware of the break up volumes.
Key for this week’s buying and selling would be the slew of financial studies: Retail Gross sales; FOMC; Preliminary Jobless Claims; GDP; PCE along with Rollover and OPEX to call just a few.
What does this imply for us as intra-day merchants? ABSOLUTELY NOTHING! Once more simply being aware and at all times focusing in your recreation plan.
PTG’s Main Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, eventualities to think about for at present’s buying and selling.
Bull Situation: Worth sustains a bid above 6130, initially targets 6140 – 6145 zone.
Bear Situation: Worth sustains a proposal under 6130, initially targets 6120 – 6115 zone.
PVA Excessive Edge = 6128 PVA Low Edge = 6112 Prior POC = 6126
ES (Profile)
Nasdaq (NQ)
Prior Session was Cycle Day 2: Worth reversal of early energy set the session’s rhythm with vendor’s in-control which result in establishing decrease worth between 21983 – 22120 zone (NQH25) Vary for this session was 241 handles on 562k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 3: Worth is above CD1 Low so a constructive 3-day cycle statistic (92.68%) will stay safe.
Odds of Rally > 10 = 96%…> 20 = 85% Common Vary CD3 = 124.00
For day merchants, rollover is meaningless; Though it’s good apply to be aware of the break up volumes.
Key for this week’s buying and selling would be the slew of financial studies: Retail Gross sales; FOMC; Preliminary Jobless Claims; GDP; PCE along with Rollover and OPEX to call just a few.
What does this imply for us as intra-day merchants? ABSOLUTELY NOTHING! Once more simply being aware and at all times focusing in your recreation plan.
PTG’s Main Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, eventualities to think about for at present’s buying and selling.
Bull Situation: Worth sustains a bid above 22070, initially targets 22130 – 22175 zone.
Bear Situation: Worth sustains a proposal under 22070, initially targets 21970 – 21925 zone.
PVA Excessive Edge = 22120 PVA Low Edge = 21983 Prior POC = 22059
NQ (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 Choice Pivot Ranges. Proceed to give attention to Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day power will increase chances of manufacturing profitable trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Understanding isn’t sufficient, We should APPLY. Keen isn’t sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be considered 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 the usage of this technique or any system or buying and selling methodology will generate income. Previous efficiency isn’t essentially indicative of future outcomes. There may be substantial danger of loss related to buying and selling securities and choices on equities. Solely danger capital ought to be used to commerce. Buying and selling securities isn’t appropriate for everybody.
Disclaimer: Futures, Choices, and Foreign money buying and selling all have giant potential rewards, however in addition they have giant potential danger. You will need to concentrate on the dangers and be keen to simply accept them so as to spend money on these markets. Don’t commerce with cash you may’t afford to lose.
This web site is neither a solicitation nor a proposal 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 isn’t 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
