PTG Daily Trade Strategy

Trade Strategy 5.17.24

Markets (Top Stories) Economic Calendar Source: Investing.com S&P 500 (ES) Prior Session was Cycle Day 1: Price momentum did spill over into today’s session skimming our upper target (5350) by four ticks (5349) which turned out to be the HOD. We … Continue reading

Trade Strategy 5.16.24

Markets Source: Seeking Alpha Economic Calendar  S&P 500 Prior Session was Cycle Day 3: Positive 3 Day “Power” Cycle exceeded all upside statistical targets, as price notched a new contract high. Range was 71 handles on 1.330M contracts exchanged.  â€¦Transition from Cycle … Continue reading

Trade Strategy 5.15.24

Markets (Top Stories) Source: investing.com Economic Calendar S&P 500 Prior Session was Cycle Day 2: Early negative PPI reaction was reversed, as price consolidated through the session, eventually closing near high of the day. Range was 57 handles on 1.188M contracts exchanged. … Continue reading

Trade Strategy 5.14.24

Markets (Top Stories) Economic Calendar Source: Investing.com S&P 500 (ES) Prior Session was Cycle Day 1: Pre-RTH rally stalled within the projected initial target zone (5260 – 5265) as outlined in prior DTS Briefing 5.13.24. RTH rejected the early bid as … Continue reading

Trade Strategy 5.13.24

Markets All eyes are on Wednesday’s scheduled U.S. retail sales and consumer price index (CPI) reports. Both readings have the potential to move the needle significantly in terms of Federal Reserve interest rate cut expectations, especially after those odds ticked up … Continue reading

Trade Strategy 5.10.24

Markets (Top Stories) Source: investing.com Economic Calendar S&P 500 Prior Session was Cycle Day 2: Early consolidation theme unfolded as expected, though with bulls dominant, the inevitable push higher to fulfill upper targets should not have been a surprise. Well, perhaps … Continue reading

Trade Strategy 5.9.24

Markets (Top Stories) Economic Calendar Source: Investing.com S&P 500 (ES) Prior Session was Cycle Day 1: Textbook CD1 as price declined to the projected average decline (5192) as outlined in the DTS Briefing 5.8.24. Solid buy response developed reversing and rallying … Continue reading

Trade Strategy 5.8.24

Markets Source: Seeking Alpha Economic Calendar  S&P 500 Prior Session was Cycle Day 3: This cycle completed its upward trek by fulfilling CD3 Penetration Levels followed by MATD ‘back n fill’ consolidation rhythms.  Textbook 3 Day Cycle. Range was 24 handles … Continue reading

Trade Strategy 5.7.24

Markets (Top Stories) Source: investing.com Economic Calendar S&P 500 Prior Session was Cycle Day 2: Power Cycle as price continued rallying, surpassing all target objectives. Range was 52 handles on 974k contracts exchanged. ***NOTE: IF you want to learn more about how … Continue reading

Trade Strategy 5.6.24

Markets (Top Stories) Economic Calendar Source: Investing.com S&P 500 (ES) Prior Session was Cycle Day 1: Bullish momentum resulted in a gap higher opening which held through out this session fulfilling cycle day range target (5161). Bulls sustained bid into the … Continue reading