S&P 500
Prior Session was Cycle Day 3: ES closed out a bullish week shifting worth space VPOC increased to 6098 from 6062 and notching new all-time excessive. Worth has but to determine extra, in order such dip patrons stay energetic. Optimistic 3-Day Cycle is sustaining a 92.50% accuracy. Vary for this session was 35 handles on 1.069M contracts exchanged.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 12.6.24
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: This session begins a brand new cycle with the common decline measuring 6075.25. With the present robust development construction in-place, any pullback gives alternative for the BTFD crowd to reestablish or add to present positions.
This week is the ultimate CPI studying for the 12 months as merchants are discounting 85% likelihood of a 25 bps fee reduce for the December.18th FED Assembly. Present goal fee is 4.50 % – 4.75%
No change within the present recreation plan…
PTG’s Major Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, situations to contemplate for at present’s buying and selling.
Bull State of affairs: Worth sustains a bid above 6095, initially targets 6110 – 6115 zone.
Bear State of affairs: Worth sustains a suggestion beneath 6095, initially targets 6085 – 6080 zone.
PVA Excessive Edge = 6102 PVA Low Edge = 6091 Prior POC = 6098
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: NQ closed out a bullish week shifting worth space VPOC increased to 21625 and notching new all-time excessive. Worth has but to determine extra, in order such dip patrons stay energetic. Vary for this session was 244 handles on 448k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: This session begins a brand new cycle with the common decline measuring 21545.50. With the present robust development construction in-place, any pullback gives alternative for the BTFD crowd to reestablish or add to present positions.
This week is the ultimate CPI studying for the 12 months as merchants are discounting 85% likelihood of a 25 bps fee reduce for the December.18th FED Assembly. Present goal fee is 4.50 % – 4.75%
No change within the present recreation plan…
PTG’s Major Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, situations to contemplate for at present’s buying and selling.
Bull State of affairs: Worth sustains a bid above 21625, initially targets 21693– 21718 zone.
Bear State of affairs: Worth sustains a suggestion beneath 21625, initially targets 21540 – 21520 zone.
PVA Excessive Edge = 21534 PVA Low Edge = 21488 Prior POC = 21526
NQ Chart (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 Choice Pivot Ranges. Proceed to deal with Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day drive will increase chances of manufacturing successful trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Figuring out will not be sufficient, We should APPLY. Prepared will not be sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be seen in any method as a advice 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 will not be essentially indicative of future outcomes. There’s 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 will not be appropriate for everybody.
Disclaimer: Futures, Choices, and Foreign money buying and selling all have massive potential rewards, however additionally they have massive potential threat. You will need to concentrate on the dangers and be prepared to just 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.
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 much like these mentioned on this website online. The previous efficiency of any buying and selling system or methodology will not be 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
