S&P 500 (ES) Prior Session was Cycle Day 3: Market rallied on the CPI report with a gap up opening that never looked back, as buyers reversed the prior Cycle Day 2 sell off, which saw price hit the lower Violation … Continue reading
Morning Updates and Initial Targets CPI Release Reaction: PTGDavid highlighted that the initial upside target of 6065 was fulfilled early in the session, reflecting bullish momentum. Cycle Day 2 Strategy: Predicted a favorable outcome for the “Violation Call Option … Continue reading
S&P 500 (ES) Prior Session was Cycle Day 2: The expected MATD Rhythms unfolded during the AM Session as it was a “Rock’em Sock’em two-way auction, with the sellers maintaining the pressure. The 2pm Shake n Bake saw the bulls “slipping … Continue reading
Morning Session (9:30 AM – 11:00 AM) Market Expectations and Initial Movements PTGDavid outlined MATD rhythms, emphasizing a bullish scenario for the Nasdaq (@NQ) if prices held above 21465, targeting 21540–21560. A subsequent update confirmed initial target zones were fulfilled, … Continue reading
S&P 500 Prior Session was Cycle Day 1: This session was a textbook Cycle Day 1 with the expected decline fulfilling and exceeding the average decline establishing a new cycle low at 6060. Range for this session was 46 handles on … Continue reading
Market Session Recap – PTGDavid (December 9, 2024) The day opened quietly, with PTGDavid speculating on a potential “day-off” sentiment in the market. Initial activity showed a slow, steady decline, resembling what he humorously called a “Slow Gin Fizz.” Early … Continue reading
S&P 500 Prior Session was Cycle Day 3: ES closed out a bullish week shifting value area VPOC higher to 6098 from 6062 and notching new all-time high. Price has yet to establish excess, so as such dip buyers remain active. … Continue reading
Trading Session Recap – December 6, 2024 Overview: Today’s trading session revolved around the market’s reaction to the Non-Farm Payroll (NFP) report, which fueled significant volatility and provided multiple trading opportunities across key instruments such as the E-mini S&P 500 … Continue reading
S&P 500 Prior Session was Cycle Day 2: Normal CD2 session as price temporarily “peeked-above” the PH (6102.25) and reversed back below, then consolidated for remainder of the day. This is now coined: “Peek-a-Boo” Setup (see recap below). Range for this … Continue reading
Trading Recap by PTGDavid: Key Insights and Takeaways 1. Line in the Sand (6100) Bull Scenario: Sustained bids above 6100 target the 6112-6118 zone. Bear Scenario: Offers below 6100 target the 6087-6080 zone. Takeaway: Identifying a “Line in the … Continue reading