S&P 500
Prior Session was Cycle Day 3: Positive 3-Day Cycle as this rally extended 134.75 pts (145.22%) of the normal cycle range. Cycle accuracy stands @ 92.31%, meaning Price is Greater Than (>) CD1 Low on CD3. CALL Option plays continue to perform. Range for this session was 57 handles on 1.527M contracts exchanged.
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 11.25.24
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Goal of Cycle Day 1 (CD1) is to establish a new cycle low from which to stage the next rally.
Prior session’s early strength could not be sustained into the closing bell. As such, early overnight trade activity has price retreating lower into Friday’s range.
Average Decline measures 5965 which will be used to target this pullback.
Bulls will be looking to hold 5985 and reclaim 6005
Bears will be looking to force a deeper decline into average decline / channel support zone.
PTG’s Primary Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 5985, initially targets 6005 – 6010 zone.
Bear Scenario: Price sustains an offer below 5985, initially targets 5975 – 5965 zone.
PVA High Edge = 6022 PVA Low Edge = 6000 Prior POC = 6013
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Positive 3-Day Cycle was fulfilled as price hit all upside cycle objectives, before reversing back into Friday’s range and consolidating. Range for this session was 300 handles on 534k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Goal of Cycle Day 1 (CD1) is to establish a new cycle low from which to stage the next rally. Average Decline measures 20712 which will be used to target this pullback.
Bulls will be looking to hold 20785 and reclaim 20900
Bears will be looking to force a deeper decline into average decline / channel support zone.
PTG’s Primary Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 20825, initially targets 20900– 20915 zone.
Bear Scenario: Price sustains an offer below 20825, initially targets 20755 – 20745 zone.
PVA High Edge = 20957 PVA Low Edge = 20837 Prior POC = 20875
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