S&P 500 (ES)
Prior Session was Cycle Day 1: Closing CD3 momentum spilled over into CD1, barely producing a decline, which would be the “normal.”
***Now we have learned that on a Cycle Day 1 (CD1), IF there is a shallow decline and/or the low is made “first” (early) in the session, THEN the readthrough is for an expected STRONG UP trading session.
Today’s CD1 session had BOTH elements, which of course produced an exceptionally strong trend up trading rhythm, that closed price in the upper quartile of the day’s range.
Range for this session was 80 handles on 1.0M contracts exchanged. Note: the expected range was 80.25 handles. Reference the FREE Range Target Calculator located in the PTG Website.
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 6.24.25
FREE TRIAL link to PTG/Taylor Three Day Cycle
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Partial cycle rally is currently in-place having reached the 6155 range objective in the prior session.
Normal for a Cycle Day 2 (CD2) would be an expectation of some balancing/consolidation MATD type rhythms.
On deck for today is JPOW testimony Part 2 which should not be a major factor in traders decision matrix.
We’ll remain alert and vigilant for TTB’s as POTUS is overseas at the NATO Summit. Israel & Iran are new BFF’s, so it should be the new “summer of love!”
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 6145+-, initially targets 6155 – 6165 zone.
Bear Scenario: Price sustains an offer below 6145+-, initially targets 6135 – 6130 zone.
PVA High Edge = 6155 PVA Low Edge = 6125 Prior POC = 6147
ESU
Nasdaq (NQ)
Prior Session was Cycle Day 1: Closing CD3 momentum spilled over into CD1, barely producing a decline, which would be the “normal.” ***Now we have learned that on a Cycle Day 1 (CD1), IF there is a shallow decline and/or the low is made “first” (early) in the session, THEN the readthrough is for an expected STRONG UP trading session.
Today’s CD1 session had BOTH elements, which of course produced an exceptionally strong trend up trading rhythm, that closed price in the upper quartile of the day’s range. Range for this session was 382 handles on 441k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Normal for a Cycle Day 2 (CD2) would be an expectation of some balancing/consolidation MATD type rhythms.
NDX 100 (QQQ) notched a new All-Time High! CONGRATULATIONS!
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 22415+-, initially targets 22500 – 22552 zone.
Bear Scenario: Price sustains an offer below 22415+-, initially targets 22355 – 22330 zone.
PVA High Edge = 22433 PVA Low Edge = 22298 Prior POC = 22418
NQU
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