Markets (Top Stories)
As we countdown the final moments of 2023, I would like to extend my deepest gratitude to everyone that is and has been an integral part of the Polaris Trading Group Community. Each of your valuable contribution to this project has supported development efforts to create some of the most innovative, professional grade, algorithmic trade strategies and execution tools, that give PTG Traders confidence to trade along-side the “BIG-BOY” institutional traders.
Looking forward to 2024 which promises to be filled with unknown challenges as well as opportunities, rest assured Polaris Trading Group will continue to be on the “cutting-edge’ of algorithmic trade strategy and execution tool development for our community of “like-minded” traders.
Wishes for a Safe, Healthy and Wealthy New Year
PTGDavid
Economic Calendar
https://www.investing.com/economic-calendar/
S&P 500
Prior Session was Cycle Day 2 (CD2): Low volumes and volatility once again contained price within a very narrow range. Prior range was 12 handles on 723k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): Three-Day Cycle Statistic will be satisfied as long as price trades above CD1 Low (4816.50) during RTH Session. We are anticipating continued low volatility early and perhaps a final burst of activity during the “FINAL COUNTDOWN” to the closing bell. As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 4830, initially targets 4845 – 4850 zone.
Bear Scenario: Price sustains an offer below 4830, initially targets 4790 – 4785 zone.
PVA High Edge = 4837 PVA Low Edge = 4832 Prior POC = 4834
Range Projections and Key Levels (ES) March 2024 (H) Contract
HOD ATR Range Projection: 4871; LOD ATR Range Projection: 4797; 3 Day Central Pivot: 4828; 3 Day Cycle Target: 4858; 10 Day Average True Range 38; VIX: 12
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2 (CD2): Low volumes and volatility once again contained price within a very narrow range. Prior range was 77 handles on 417k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): Three-Day Cycle Statistic will be satisfied as long as price trades above CD1 Low (17055.50) during RTH Session. We are anticipating continued low volatility early and perhaps a final burst of activity during the “FINAL COUNTDOWN” to the closing bell. As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 17100, initially targets 17160 – 17185 zone.
Bear Scenario: Price sustains an offer below 17100, initially targets 17050 – 17030 zone.
PVA High Edge = 17134 PVA Low Edge = 17096 Prior POC = 17121
Range Projections and Key Levels (NQ) March 2024 (H) Contract
HOD ATR Range Projection: 17251; LOD ATR Range Projection: 16940; 3 Day Central Pivot: 17090; 3 Day Cycle Target: 17195; 10 Day Average True Range: 168; VIX: 12
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.” –Bruce Lee
*****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