S&P 500 (ES)
Prior Session was Cycle Day 1: Morning gap up rally fulfilled DTS Briefing 4.8.25 target zone (5225 – 5250) where price stalled and reversed against the Prior High. Violation of the 5150 Line in the Sand (LIS) accelerated the velocity of the afternoon decline, fulling downside target zone (5050 – 5015) ultimately setting 4940.50 as Cycle Day 1 Low.
“Tale of the Tape”…There was nowhere to hide from the onslaught of persistent selling pressure. Range for this session was 365 handles on 2.320M contracts exchanged.
FREE TRIAL link to PTG/Taylor Three Day Cycle
Reframing Negative Beliefs into Empowering Ones
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 4.8.25
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Currently VIX = 52 is rivaling the Covid19 decline with breath-taking intra-day swings.
China Tariffs (104%) go into effect @ 12:01 April 9th. Markets will remain “on-edge” for the foreseeable future, hence, “The Selling Will Continue Until Morale Improves!”
Morning bounce that does not hold bid infers the frailty of the current market sentiment.
Today is CD2, bulls have a chance to squelch the selling and stabilize price action, but it is going to take a monumental effort with the $Risk-Off selling that is permeating the markets.
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 4940+-, initially targets 5065 – 5125 zone.
Bear Scenario: Price sustains an offer below 4940+-, initially targets 4890 – 4840 zone.
PVA High Edge = 5268 PVA Low Edge = 5065 Prior POC = 5174
ESM
Nasdaq (NQ)
Prior Session was Cycle Day 1: Morning gap up rally stalled and reversed on a test/rejection of the prior session’s 10 am “spike-high” (18357.25). Violation of the 17800 Line in the Sand (LIS) accelerated the velocity of the afternoon decline, setting 16973.50 as Cycle Day 1 Low. Range was a whopping 1384 handles on 940K contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: MAGS-7 took it on the chin yet again, as large fund liquidation continues unabated. This is what happens when there is an overweighting of the same stocks in investors portfolios.
To whom are they going to sell to? You guessed it…To each other until the selling finally stops. Round and Round on the Merry-Go-Round.
Normal for a CD2 would be for some balancing and consolidation to squelch the current momentum selling.
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 16975+-, initially targets 17230 – 17325 zone.
Bear Scenario: Price sustains an offer below 16975+-, initially targets 16785 – 16600 zone.
PVA High Edge = 18336 PVA Low Edge = 17626 Prior POC = 18016
NQM
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