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
S&P 500 Prior Session was Cycle Day 1: Average Decline 5733 which was established on the prior CD3 sell down was successfully retest as price established a new cycle low at 5724. We will use this as our new benchmark for … Continue reading
Trading Room Summary for October 2, 2024 Today’s session began with a retest of the prior low at 5733, which initially triggered a rebound as buyers stepped in, pushing price back to the 5750 zone. The Line in the Sand … Continue reading
S&P 500 The prior session marked a pivotal Cycle Day 3, where early optimism in the pre-RTH rally was quickly overshadowed by intensifying global tensions. A ballistic missile barrage on Israel significantly escalated the Middle East conflict, sending Crude Oil … Continue reading
Today’s session started with a neutral-to-bullish tone having satisfied the Positive Three-Day Cycle Statistic. Price traded between the 5800 LIS and 5820 initial target, aligning with expectations from the Daily Trade Strategy (DTS) Briefing. Early upside potential faded when aggressive … Continue reading
S&P 500 Prior Session was Cycle Day 2: Normal CD2 rhythms as price continued in “consolidation-mode” respecting key levels both on the lower end (5775 – 5755) and the upper end (5810 – 5815) of the multi-day composite range. Overall this … Continue reading
PTGDavid’s commentary for Monday 9/30/24 provided an in-depth analysis of the day’s market activity, centered around the significant impact of the JPM Collar roll and broader macroeconomic influences. Key highlights include: JPM Collar Roll & Volatility: The roll of JPMorgan’s … Continue reading
S&P 500 Important Note: We have begun publishing the PTG Trading Room Daily RECAP which you should be receiving at the end of each trading day. This publication is a more detailed review of how the trading unfolded throughout the day from our … Continue reading