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Market Analysis by PTGDavid – October 9, 2024 PTGDavid provided a comprehensive and dynamic overview of the day’s market movements, with a focus on crude oil (CL), the S&P 500 (ES), and Nasdaq (NQ) futures. The morning session began with … Continue reading
S&P 500 Prior Session was Cycle Day 2: Markets tested the lower edge (5725) of the multi-composite consolidation zone as buyers BTFD and rallied price up to top edge (5805) fulfilling primary 3 Day Cycle Targets. Prior range was 73 handles on … Continue reading
Today’s action saw significant bullish activity after a dip overnight, with price recovering back above key levels. Bulls reclaimed the 5760 midpoint, and by mid-morning, breakout targets were fulfilled at 5777 for ES and 20100 for NQ. Notably, bulls maintained … Continue reading
S&P 500 Prior Session was Cycle Day 1: This session’s trade plan played out near perfect as price declined establishing a new cycle low at 5734.25. This level will be used as the benchmark for this cycle’s performance and will be … Continue reading
Today’s session followed the outline provided in the Daily Trade Strategy (DTS) Briefing closely. The overnight trade drifted lower into the 5775-5770 target zone, fulfilling the Cycle Day 1 Average Decline at 5770. Throughout the AM Session the market remained … Continue reading
S&P 500 Prior Session was Cycle Day 3: Markets completed the prior week fulfilling the Three-Day Cycle Statistic, which stands at 92.42% accuracy. Check out the link to learn more about the Taylor Cycle and secure your FREE TRIAL. Markets are … Continue reading
Today has been a strong session for the bulls, with the Jobs Report initially pushing prices higher to fulfill the 5800 handle target, as outlined in the Daily Trade Strategy (DTS) Briefing. The market saw some responsive buying around the … Continue reading
S&P 500 Here are three potential market context scenarios, factoring in the impact of the Non-Farm Payrolls (NFP) report and how it could influence the broader trading dynamics around today’s key levels: 1. Stronger-than-Expected NFP Report (Bullish Context) Market Context: … Continue reading
Today’s session was characterized by choppy, range-bound price action, with key support at the 5740–5735 zone and the Line in the Sand (LIS) at 5760 repelling any bullish momentum. There were multiple buy responses from the lower support levels, but … Continue reading