S&P 500 (ES)
Prior Session was Cycle Day 3: Price continued this cycle’s rally fulfilling the Statistical Extreme (STATX) Levels before reversing direction lower for the remainder of the day.
We will classify this cycle as a Super Cycle with the targets reaching 116.75 pts (164.28%) of the normal 70.76 pts.
The bulls stampede has also notched a new all-time high during the RTH which is more significant than GBX.
Notable: Mutual Funds were sizable Market on Close (MOC) buyers for the week with more than $13 Billion of inflows.
Range for this session was 89 handles on 1.635M contracts exchanged.
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 9.5.25
FREE TRIAL link to PTG/Taylor Three Day Cycle
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Today begins a new cycle with the average decline projection (6496.75) which has already been achieved.
We’ll be looking for a normal CD1 rhythm with a potential of the prior session’s deep low (6450 – 6460) zone to be retested.
On the flip-side flexibility is the name of the game for any rally that develops. Levels to note are 6510 – 6520 zone.
BIG economic week with the PPI & CPI reports which are likely to be impactful for the Sept 17th FED Interest Rate decision.
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 6480+-, initially targets 6505 – 6515 zone.
Bear Scenario: Price sustains an offer below 6480+-, initially targets 6465– 6460 zone.
PVA High Edge = 6494 PVA Low Edge = 6456 Prior POC = 6480
ESU
Nasdaq (NQ)
Prior Session was Cycle Day 3: Price continued its cycle rally fulfilling the Penetration Levels before reversing direction as a long liquidation break unfolded finding buy response at the 23531 VPOC.
Range for this session was 397 handles on 662k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Today begins a new cycle with the average decline projection (23682) which has already been achieved.
Markets closed with positive momentum, so we’ll be initially looking for continuation with potential for a retest of the prior session low to notch a normal CD1 rhythm.
Remain ridged in your plan and flexible to various opportunities.
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 23650+-, initially targets 23785– 23850 zone.
Bear Scenario: Price sustains an offer below 23650+-, initially targets 23567 – 23505 zone.
PVA High Edge = 23782 PVA Low Edge = 23567 Prior POC = 23647
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.”
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