S&P 500
Prior Session was Cycle Day 3: Cash markets were closed for Thanksgiving, but the “Turkey Trader” was busy “gobbling” up contracts, pushing price up to the 6032 level, while everyone was celebrating and giving thanks!. Range for this session was 17 handles on 99k contracts exchanged.
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 11.26.24
…Transition from Cycle Day 3 to Cycle Day1
Transition into Cycle Day 1: Cash market reopen but only for half-day closing @ 1pm ET.
New cycle begins as primary goal is to establish a new cycle low from which to rally. Price is within of notching a new ATH perhaps during today’s shortened session. Bias remains with the bulls, so it is theirs to lose.
PTG’s suggestion is to take today off and spend quality time with loved ones.
YOU KNOW THE DRILL! Stay Aligned!
Wash Rinse Repeat!
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 6025, initially targets 6045 – 6050 zone.
Bear Scenario: Price sustains an offer below 6025, initially targets 6015 – 6010 zone.
PVA High Edge = 6027 PVA Low Edge = 6019 Prior POC = 6022
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Cash markets were closed for Thanksgiving, but the “Turkey Trader” was busy “gobbling” up contracts, pushing price up to the 20905 level, while everyone was celebrating and giving thanks!. Range for this session was 102 handles on 954k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day1
Transition into Cycle Day 1: Cash market reopen but only for half-day closing @ 1pm ET.
New cycle begins as primary goal is to establish a new cycle low from which to rally. Bias remains with the bulls, so it is theirs to lose.
PTG’s suggestion is to take today off and spend quality time with loved ones.
YOU KNOW THE DRILL! Stay Aligned!
Wash Rinse Repeat!
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 20900, initially targets 20940– 20960 zone.
Bear Scenario: Price sustains an offer below 20900, initially targets 20840 – 20830 zone.
PVA High Edge = 20906 PVA Low Edge = 20856 Prior POC = 20874
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.
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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