S&P 500
Prior Session was Cycle Day 3: This buying and selling session unfolded inside the prior DTS’ vary define between 6040 – 6070. Balancing/Consolidation was this session’s theme with “acceptance” on the all-time excessive zone. Vary for this session was 23 handles on 920k contracts exchanged.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 12.3.24
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Worth closed close to the excessive of the day as momentum could push worth larger earlier than the following decline unfolds. Common Decline measures 6034 which is marked as key pivot help.
Till there’s structural shift within the dominant bull-bias, we see no motive to be contemplating short-trades. We’ll proceed to be vigilant for “cracks within the bullish theme”, however till then, “regular as she goes!”
PTG’s Main Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, situations to think about for at the moment’s buying and selling.
Bull Situation: Worth sustains a bid above 6065, initially targets 6075 – 6085 zone.
Bear Situation: Worth sustains a suggestion under 6065, initially targets 6050 – 6045 zone.
PVA Excessive Edge = 6065 PVA Low Edge = 6055 Prior POC = 6064
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: NAZ prolonged its cycle rally fulfilling 21313 goal, as tech paved the way larger for this session. Vary for this session was 194 handles on 439k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Worth closed close to the excessive of the day as momentum could push worth larger earlier than the following decline unfolds. Common Decline measures 21205 which is marked as key Point of Control (POC).
Until there is structural shift in the dominant bull-bias, we see no reason to be considering short-trades. We’ll continue to be vigilant for “cracks in the bullish theme”, but until then, “steady as she goes!”
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 21285, initially targets 21325– 21385 zone.
Bear Scenario: Price sustains an offer below 21285, initially targets 21250 – 21230 zone.
PVA High Edge = 21243 PVA Low Edge = 21180 Prior POC = 21215
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
