S&P 500
Prior Session was Cycle Day 1: One other sturdy CD1 efficiency as hole up value held agency through the morning session breaking greater on the 2pm “shake n bake.” Institutional shopping for continued to drive value greater notching one more new All-Time Excessive (ATH). Vary for this session was 39 handles on 1.043M contracts exchanged.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 12.4.24
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Worth fulfilled key 3 Day Cycle goal zone between 6100 – 6102 as highlighted within the Buying and selling Room RECAP (above).
Having closed barely off the ATH and given right this moment is Cycle Day 2 (CD2), regular expectation could be for MATD balancing/consolidation rhythms.
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, eventualities to contemplate for right this moment’s buying and selling.
Bull State of affairs: Worth sustains a bid above 6100, initially targets 6112 – 6118 zone.
Bear State of affairs: Worth sustains a suggestion under 6100, initially targets 6087 – 6080 zone.
PVA Excessive Edge = 6091 PVA Low Edge = 6071 Prior POC = 6067
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: NAZ prolonged its rally into CD1 fulfilling 21460.50 goal, (screenshot) as tech prepared the ground greater for this session. Vary for this session was 242 handles on 454k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Worth fulfilled key 3 Day Cycle goal 21460.50 as highlighted within the Buying and selling Room RECAP (above).
Having closed barely off the ATH (21548.50) and given right this moment is Cycle Day 2 (CD2), regular expectation could be for MATD balancing/consolidation rhythms.
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, eventualities to contemplate for right this moment’s buying and selling.
Bull State of affairs: Worth sustains a bid above 21500, initially targets 21550– 21592 zone.
Bear State of affairs: Worth sustains a suggestion under 21500, initially targets 21460 – 21450 zone.
PVA Excessive Edge = 21290 PVA Low Edge = 21393 Prior POC = 21483
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 aspect from Resolution Pivot Ranges. Proceed to deal with 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 Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Figuring out 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 using this technique or any system or buying and selling methodology will generate income. Previous efficiency is just not essentially indicative of future outcomes. There’s substantial danger of loss related to buying and selling securities and choices on equities. Solely danger capital must 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 massive potential rewards, however additionally they have massive potential danger. You could 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 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 more likely to obtain income or losses just 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
