S&P 500
Necessary Word: Now we have begun publishing the PTG Buying and selling Room Every day RECAP which you ought to be receiving on the finish of every buying and selling day. This publication is a extra detailed evaluation of how the buying and selling unfolded all through the day from our viewpoint. It’s an “academic” complimentary companion for use along side the Every day Commerce Technique. It continues to be “work-in-progress”, so please provide suggestions as to content material, model and relevance. We’re at all times striving to make PTG Merchandise and Companies the perfect
Prior Session was Cycle Day 3: Constructive Three-Day Cycle because the breakout fulfilled the DTS’ upside goal at 5820 outlined in earlier briefings. In a single day stock was 100% lengthy coming into the RTH session and failed to draw new consumers. Worth decisively reversed path throughout opening vary, correcting the stock imbalance. Vary was 51 handles on 1.275 contracts exchanged.
For a extra detailed recap of prior buying and selling session click on on this hyperlink: Buying and selling Room RECAP 9.26.24
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: The first objective for Cycle Day 1 (CD1) is to determine and safe a brand new cycle low from which to rally.
Market Context:
- The market is transitioning from a five-day consolidation sample with a brand new All-Time Excessive in place.
- Worth migration continues greater, indicating that greater costs are being accepted by the market.
- Bulls have to defend the 5785-5795 zone on dips to keep up management and ideally reclaim the 5810-5815 space to substantiate a breakout.
Key Ranges:
- Major Assist: 5785-5795 zone
- Secondary Assist: 5755 – 5745 Key Assist
- Major Resistance: 5810-5815 zone (Key to breakout and additional highs)
- Earlier Cycle Excessive: Monitor for potential response or rejection on the current All-Time Excessive
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us nicely, so keep the course.
As such, eventualities to contemplate for right now’s buying and selling.
Bull State of affairs: Worth sustains a bid above 5805, initially targets 5815 – 5820 zone.
Bear State of affairs: Worth sustains a proposal under 5805, initially targets 5795 – 5785 zone.
PVA Excessive Edge = 5812 PVA Low Edge = 5789 Prior POC = 5802
ES Chart (Goal Grasp)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Constructive Three-Day Cycle because the breakout fulfilled the upside Goal Grasp Degree 3 (20536). In a single day stock was 100% lengthy coming into the RTH session and failed to draw new consumers. Worth decisively reversed path throughout opening vary, correcting the stock imbalance. Vary was 350 handles on 502k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: The first objective for Cycle Day 1 (CD1) is to determine and safe a brand new cycle low from which to rally. Common Decline measures 20112
Key Ranges:
- Major Assist: 20315 – 20285 zone
- Secondary Assist: 20240 – 20205 Key Assist
- Major Resistance: 20407 – 20430 zone (Key to breakout and additional highs)
- Earlier Cycle Excessive: Monitor for potential response or rejection on the current All-Time Excessive
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us nicely, so keep the course.
As such, eventualities to contemplate for right now’s buying and selling.
Bull State of affairs: Worth sustains a bid above 20345, initially targets 20407 – 20430 zone.
Bear State of affairs: Worth sustains a proposal under 20345, initially targets 20315 – 20285 zone.
PVA Excessive Edge = 20396 PVA Low Edge = 20192 Prior POC = 20346
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 Resolution 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 profitable trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Realizing is just not sufficient, We should APPLY. Prepared is just not sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be seen in any approach 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 earnings. Previous efficiency is just not essentially indicative of future outcomes. There may be 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 is just not appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have giant potential rewards, however additionally they have giant potential threat. You will need to concentrate on the dangers and be prepared to simply accept them with a purpose 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 proposal to Purchase/Promote futures, choices, or currencies. No illustration is being made that any account will or is prone to obtain earnings or losses just like these mentioned on this site. 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
