S&P 500 (ES)
Prior Session was Cycle Day 2: This cycle day’s rhythm was dominated by cycle continuation, fulfilling the 6753.22 3 Day Cycle Target on solid persistent buying, following a brief open range consolidation.
Once again, new All-Time High lead by Technology, with the Generals (AAPL, NVDA, ORCL, TSLA) leading the top of the list. .
Market on Close Buy Imbalance $2.6B capped the session with an outgoing firm bullish bid.
Range was 61 handles on 1.016M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: The current rally is currently above the CD1 Low (6679.50) and has fulfilled the 6753.22 3-Day Cycle Target.
Overall the market remains in a multi-day bullish uptrend as new all-time highs continue to be achieved.
Keep in mind September has had in excess of $20B inflows during the Market on Close reveal.
Bulls continue to take this market by the “horns” and drive it to higher and higher prices. Many are proclaiming “The End is Near!” You can hear the chant louder and louder on a daily basis.
Well, I do not profess to know how close or how far the end of the current trend is…I do know, when it does end and reverse, PTG Traders will recognize the signs, acknowledge the fact and shift gears to realign with the new direction. That is how PTG plays this game…
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 6745+-, initially targets 6755 – 6765 zone.
Bear Scenario: Price sustains an offer below 6745+-, initially targets 6730 – 6725 zone.
PVA High Edge = 6756 PVA Low Edge = 6725 Prior POC = 6755
ESU
Nasdaq (NQ)
Prior Session was Cycle Day 2: This cycle day’s rhythm was dominated by cycle continuation, fulfilling the 25000.70 Day Cycle Target on solid persistent buying, following a brief open range consolidation.
Once again, new All-Time High lead by Technology, with the Generals (AAPL, NVDA, ORCL, TSLA) leading the top of the list. .
Market on Close Buy Imbalance $2.6B capped the session with an outgoing firm bullish bid.
Range was 278 handles on 467k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: The current rally is currently above the CD1 Low (24655) and has fulfilled the 25000.70 3-Day Cycle Target.
Nvidia and OpenAI’s Huge Investment & Stock Rally
Nvidia said it will invest up to $100 billion in infrastructure to support OpenAI, helping build or supply data centers for next-gen AI computing. That announcement boosted Nvidia’s share price significantly, contributing to record highs in U.S. tech-led indices.
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 24985+-, initially targets 25027 – 25065 zone.
Bear Scenario: Price sustains an offer below 24985+-, initially targets 24915 – 24875 zone.
PVA High Edge = 25018 PVA Low Edge = 24874 Prior POC = 24988
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