S&P 500
Necessary Notice: Now we have begun publishing the PTG Buying and selling Room Each day RECAP which try to be receiving on the finish of every buying and selling day. This publication is a extra detailed evaluate of how the buying and selling unfolded all through the day from our viewpoint. It’s an “academic” complimentary companion for use together with the Each day Commerce Technique. It continues to be “work-in-progress”, so please provide suggestions as to content material, type and relevance. We’re at all times striving to make PTG Merchandise and Providers the perfect in-class.
All Threat Disclosures discovered all through this web site applies equally to the day by day recap publication.
Prior Session was Cycle Day 1: Worth rallied to satisfy the 5790 cycle goal on a True Hole increased which held all through the day, on the heels of a 50 bps price minimize by Uncle Jay. Please evaluate Buying and selling Room RECAP 9.19.24. for extra particulars. Vary was 106 handles on 1.491M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Worth has fulfilled Cycle Goal (5790) throughout prior session. The BIG Occasion for in the present day is Triple Choices Expiration (TOPEX) and as such we might see elevated volatility, given choices and futures contracts are expiring. Merchants and institutional traders modify or shut positions to keep away from settlement obligations. This will create massive swings available in the market, particularly within the last hours of the buying and selling day, which is called the “witching hour.” It’s estimated that $5.1 Trillion in choices will likely be expiring. That’s numerous shekels!
Regular for Cycle Day 2 (CD2) can be for MATD rhythmic consolidation of prior session’s bullish true hole. On condition that cycle goal has been fulfilled with TOPEX being the dominant theme of the day, we’ll proceed to conduct our day by day buying and selling as traditional, specializing in core structural patterns with favorable reward-to-risk alternatives.
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us effectively, so keep the course.
As such, situations to contemplate for in the present day’s buying and selling.
Bull Situation: Worth sustains a bid above 5775, initially targets 5785 – 5790 zone.
Bear Situation: Worth sustains a proposal under 5775, initially targets 5760 – 5755 zone.
PVA Excessive Edge = 5785 PVA Low Edge = 5765 Prior POC = 5775
ES Chart (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Worth rallied to satisfy the 20095 cycle goal on a True Hole increased which held all through the day, on the heels of a 50 bps price minimize by Uncle Jay. Please evaluate Buying and selling Room RECAP 9.19.24. for extra particulars. Vary was 565 handles on 562k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2: Worth has fulfilled Cycle Goal (20095) throughout prior session. The BIG Occasion for in the present day is Triple Choices Expiration (TOPEX) and as such we might see elevated volatility, given choices and futures contracts are expiring. Merchants and institutional traders modify or shut positions to keep away from settlement obligations. This will create massive swings available in the market, particularly within the last hours of the buying and selling day, which is called the “witching hour.” It’s estimated that $5.1 Trillion in choices will likely be expiring. That’s numerous shekels!
Regular for Cycle Day 2 (CD2) can be for MATD rhythmic consolidation of prior session’s bullish true hole. On condition that cycle goal has been fulfilled with TOPEX being the dominant theme of the day, we’ll proceed to conduct our day by day buying and selling as traditional, specializing in core structural patterns with favorable reward-to-risk alternatives.
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us effectively, so keep the course.
As such, situations to contemplate for in the present day’s buying and selling.
Bull Situation: Worth sustains a bid above 20015, initially targets 20130 – 20190 zone.
Bear Situation: Worth sustains a proposal under 20015, initially targets 19985 – 19959 zone.
PVA Excessive Edge = 20170 PVA Low Edge = 20015 Prior POC = 20128
NQ Chart (Goal Grasp)
Financial Calendar
Commerce Technique: Our tactical commerce technique will merely stay unaltered…We’ll be versatile to commerce each lengthy and quick facet from Determination Pivot Ranges. Proceed to concentrate on Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day pressure will increase chances of manufacturing profitable trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Figuring out shouldn’t be sufficient, We should APPLY. Prepared shouldn’t be sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be seen in any manner 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 shouldn’t 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 must be used to commerce. Buying and selling securities shouldn’t be appropriate for everybody.
Disclaimer: Futures, Choices, and Foreign money buying and selling all have massive potential rewards, however in addition they have massive potential threat. You should concentrate on the dangers and be prepared to just accept them as a way to spend money on 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 proposal 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 online. The previous efficiency of any buying and selling system or methodology shouldn’t 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
