S&P 500 (ES)
Prior Session was Cycle Day 1: Price initially rallied on anticipation of the US/UK Tariff deal fulfilling the upper Penetration Levels. Consolidated throughout the afternoon until the Market on Close Sell Imbalance of $3 Billion which drove price lower settling @ 5685.
Price established a new cycle low at 5636.50 for the GBX Session and 5653 for the RTH Session. Both are valid CD1 Lows to reference for this cycle’s performance. Range for this session was 104 handles on 1.353M contracts exchanged.
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 5.8.25
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 and this session is no different.
Price is basically trading within the context of a larger balancing/consolidation range. Traders continue to filter and unpack the implications of the developing tariff deal with the UK and future deal guidance from the White House.
Fluidity of the current market conditions has traders “trigger-happy” with “headline risk” at peak levels.
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 5685+-, initially targets 5710 – 5715 zone.
Bear Scenario: Price sustains an offer below 5685+-, initially targets 5650 – 5645 zone.
PVA High Edge = 5731 PVA Low Edge = 5681 Prior POC = 5726
ESM
Nasdaq (NQ)
Prior Session was Cycle Day 1: Price established a new cycle low at 19910.75 for the GBX Session and 19979 for the RTH Session. Both are valid CD1 Lows to reference for this cycle’s performance. Range for this session was 426 handles on 558k 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 to balance the recent rally and decline rotations.
Potential retest of CD1 Low would be normal within the context of the current broader range rhythm.
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 20155+-, initially targets 20245 – 20280 zone.
Bear Scenario: Price sustains an offer below 20155+-, initially targets 20075 – 19980 zone.
PVA High Edge = 20320 PVA Low Edge = 20125 Prior POC = 20300
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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