S&P 500 (ES)
Prior Session was Cycle Day 3: Failed 3-Day Cycle (9%) as long-liquidation spilled over into this session. Initial gap up opening failed to find sustainable buyers as sellers took control, driving price down to the D-Level Money Box (DLMB) highlighted in the RECAP below. Lunchtime bounce back to 6045 Line in the Sand (LIS) only attracted more sellers, once again driving price to close on lows of the day. Range for this session was 73 handles on 1.735M contracts exchanged.
FREE TRIAL link to PTG/Taylor Three Day Cycle
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 2.24.25
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Price has already surpassed the historical average decline (6008) during previous sell-down. Further weakness may unfold, though since the targeted decline was fulfilled, the next rally may begin at any time.
Keep in mind, the CD1 Low is not secure until the end of the day, although real-time assumptions for security can be made.
Of course, nothing changes for PTG…Simply follow your plan. Take only Triple A setups and manage the $risk. ALWAYS HAVE HARD STOP-LOSSES in-place on the exchange.
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 6010+-, initially targets 6025 – 6035 zone.
Bear Scenario: Price sustains an offer below 6010+-, initially targets 5995 – 5985 zone.
PVA High Edge = 6045 PVA Low Edge = 6007 Prior POC = 6031
ES (Profile)
Nasdaq (NQ)
Prior Session was Cycle Day 3: Opening Drive lower established clearly the day’s directional bias to the sell-side, as long liquidation spilled over from the prior session. MAGS 7 Basket tacked on an additional -1.51% decline. Range for this session was 405 handles on 658k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Price has already surpassed the historical average decline (21686) during previous sell-down. Further weakness may unfold, though since the targeted decline was fulfilled, the next rally may begin at any time.
Keep in mind, the CD1 Low is not secure until the end of the day, although real-time assumptions for security can be made.
Of course, nothing changes for PTG…Simply follow your plan. Take only Triple A setups and manage the $risk. ALWAYS HAVE HARD STOP-LOSSES in-place on the exchange.
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 21450+-, initially targets 21490 – 21510 zone.
Bear Scenario: Price sustains an offer below 21450+-, initially targets 21355 – 21300 zone.
PVA High Edge = 21652 PVA Low Edge = 21437 Prior POC = 21602
NQ (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