S&P 500 (ES)
Prior Session was Cycle Day 1: It was a textbook CD1 as ES declined, establishing a new cycle low at 5655.25 which was DTS Briefing’s targeted zone for today’s session.
Got to love it when a plan comes together! 🙂
Price proceeded to grind higher to reclaim the lost GLOBEX Gap fulfilling 5705. Once the gap was filled, sellers drilled price lower into the closing bell, just to frustrate the majority of the day-traders. Range for this session was 51 handles on 952k contracts exchanged.
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 5.5.25
FREE TRIAL link to PTG/Taylor Three Day Cycle
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Typically for CD2 we would be anticipating MATD trading range rhythms with a bullish lean to balance the recent decline and rally rotations.
Rhythms are more “neutral” for today’s session with inventory fairly balanced. Traders will be proceeding cautiously ahead of FOMC Meeting and Presser mid-week.
TTB Trump (Tariff Tape Bombs) could detonate without a moments notice just to keep traders’ anxiety at elevated levels. So much fun living the life of a Day Trader. It’s no wonder why Prozac, Zoloft and Lexapro are big sellers.
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 5670+-, initially targets 5690 – 5705 zone.
Bear Scenario: Price sustains an offer below 5670+-, initially targets 5635 – 5625 zone.
PVA High Edge = 5690 PVA Low Edge = 5660 Prior POC = 5670
ESM
Nasdaq (NQ)
Prior Session was Cycle Day 1: It was a textbook CD1 as ES declined, establishing a new cycle low at 19966 which was DTS Briefing’s targeted zone (20025 – 19940) for today’s session.
Price proceeded to grind higher to reclaim the lost GLOBEX Gap fulfilling 20182. Once the gap was filled, sellers drilled price lower into the closing bell, just to frustrate the majority of the day-traders. Range for this session was 235 handles on 407k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Typically for CD2 we would be anticipating MATD trading range rhythms with a bullish lean to balance the recent decline and rally rotations.
Rhythms are more “neutral” for today’s session with inventory fairly balanced. Traders will be proceeding cautiously ahead of FOMC Meeting and Presser mid-week.
MAGS-7 Merry-Go-Round…Round & Round.
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 20060+-, initially targets 20136 – 20202 zone.
Bear Scenario: Price sustains an offer below 20060+-, initially targets 19932 – 19900 zone.
PVA High Edge = 20136 PVA Low Edge = 20026 Prior POC = 20060
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