S&P 500
Prior Session was Cycle Day 2: Markets dipped below the CD1 Low 5886.50 down to the Violation Zone where active responsive buyers took control and reclaimed the broken low. In doing so bulls established dominance, absorbing all the sellers, then orchestrated a breakout above open range, thereby establishing a reversal up trend. Price ultimately fulfilled the 3 Day Cycle initial target at 5947 as guided in the live trading room. Range for this session was 92 handles on 1.534M contracts exchanged.
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 11.19.24
TRADING JOB IS SIMPLE BUT NOT EASY…
TRADER MUST ADHERE THEIR PLAN RULES WITH PROPER $RISK MANAGEMENT
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Bulls have regained firm control, so it will be theirs to lose. Having closed near the high of the day, expectation is for momentum to spill-over into todays trading, with additional 3-Day Cycle objectives to be fulfilled.
So with this in mind, our “game-play” will remain true to our discipline in maintaining positioning that is aligned with market forces which continue to serve us well, so stay the course.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 5945, initially targets 5960 – 5965 zone.
Bear Scenario: Price sustains an offer below 5945, initially targets 5935 – 5930 zone.
PVA High Edge = 5873 PVA Low Edge = 5930 Prior POC = 5889
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Markets dipped below the CD1 Low 20476 down to the Violation Zone where active responsive buyers took control and reclaimed the broken low. In doing so bulls established dominance, absorbing all the sellers, then orchestrated a breakout above open range, thereby establishing a reversal up trend. Range for this session was 410 handles on 545k contracts exchanged.
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 11.19.24
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Bulls have regained firm control, so it will be theirs to lose. Having closed near high of the day, expectation is for momentum to spill-over into todays trading, with additional 3-Day Cycle objectives to be fulfilled.
So with this in mind, our “game-play” will remain true to our discipline in maintaining positioning that is aligned with market forces which continues to serve us well, so stay the course.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 20755, initially targets 20850– 20930 zone.
Bear Scenario: Price sustains an offer below 20755, initially targets 20695 – 20675 zone.
PVA High Edge = 20719 PVA Low Edge = 20496 Prior POC = 21676
NQ Chart (Profile)
Economic Calendar
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.” –BR
*****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