S&P 500 (ES)
Prior Session was Cycle Day 2: Normal CD2 as price consolidated rangebound throughout the session between 6275 – 6315 to end the week.
Contraction of range and volatility, typical of a hot mid-summer trading did not disappoint. It was clearly a day for traders to sit it out as FRYday is known as “Capital Preservation Day!”
One of the key teachings of PTG is to “Know Your Mil”…meaning know your strategy and what conditions are most favorable to extract the greatest potential performance. When those conditions are absent, then there is nothing more to do than “grab a hot dog and sit it out in the stands.
Range was 53 handles on 1.048M contracts exchanged.
FREE TRIAL link to PTG/Taylor Three Day Cycle
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Summer volumes and volatility have arrived with price consolidating within a range between 6250 – 6335 (ATH).
The next two-weeks in July is anticipated to be full of surprises, from corporate earnings to tariff negotiations with an August 1st final deadline.
For Cycle Day 3 (CD3) price is below the CD1 Low (6287.50) which has a 90.84% historical Positive 3-Day Cycle performance record.
Price will need to trade above this level to secure a positive cycle.
Sunday GLOBEX Opening has price gapping testing the lower 6260 handle zone.
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 6275+-, initially targets 6290 – 6295 zone.
Bear Scenario: Price sustains an offer below 6275+-, initially targets 6255 – 6250 zone.
PVA High Edge = 6310 PVA Low Edge = 6295 Prior POC = 6300
ESU
Nasdaq (NQ)
Prior Session was Cycle Day 2: Normal CD2 as price consolidated rangebound throughout the session between 22863 – 23021 to end the week. Range was 217 handles on 455k contracts exchanged. Welcome to summer!
…Transition from Cycle Day 2 to Cycle Day 3
The next two-weeks in July is anticipated to be full of surprises, from corporate earnings to tariff negotiations with an August 1st final deadline.
For Cycle Day 3 (CD3) price is below the CD1 Low (22901.25) which has a 90.84% historical Positive 3-Day Cycle performance record.
Price will need to trade above this level to secure a positive cycle.
Sunday GLOBEX Opening has price gapping testing the lower 22800 handle zone.
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 22830+-, initially targets 22935 – 22970 zone.
Bear Scenario: Price sustains an offer below 22830+-, initially targets 22800 – 22770 zone.
PVA High Edge = 23006 PVA Low Edge = 22931 Prior POC = 22971
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