Economic Calendar 

PTG Trading

S&P 500 (ES)

Thursday is Cycle Day 3 (CD3)…Markets are pulling back from fresh new all-time highs and threatening initial support at 2580 handle. Violation and conversion of this level suggests a potential deeper decline in the offing. Cycle Range Low measures 2572 which we have previously marked as “key support.”

Nasdaq 100 (NQ)

Nazzie pushed higher in prior session to reach 3 Day Rally Target and Penetration Levels. Price is pulling back in overnight trade and is threatening initial support zone between 6300 – 6305. Violation and conversion of this zone to lower resistance suggests deeper decline targeting 6269 handle.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2591.73; LOD ATR Range Projection: 2582.00; Cycle Day 1 Low: 2580.75; 3 Day Central Pivot: 2586.25; 3 Day Cycle Target: 2606.00; 10 Day Average True Range: 12.48; VIX: 10.53

**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Today’s Hypotheses: December 2017 (ESZ) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: Bulls need to keep price solidly above 2588 handle and regain ground above 2593. IF successful, THEN upside targets 2600 roundie.

Scenario 2: Bears are looking to that control below 2588 handle and push for a break of 2580 initial support. IF successful the trap door opens down to 2572 “key support.”

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.” –Bruce Lee

*****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.

Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.

This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

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