S&P 500 (ES) Prior Session was Cycle Day 2: Traders breathed a “sigh of relief” on in-line CPI expectations, prompting a “true-gap” higher. Three-Day Cycle objectives were also exceeded with price vaulting 121 handles. Bulls held the pullback to the Opening … Continue reading
Category Archives: PTG Daily Trade Strategy
Market Overview: CPI Data: PTG David noted the CPI data for the month matched expectations with no surprises, leading to a positive initial market reaction. The Core CPI MoM was below expectations at 0.2% vs. an expected 0.3%. Market … Continue reading
S&P 500 (ES) Prior Session was Cycle Day 1: Early rally faded against the initial target zone 5895 – 5905 as outlined in prior DTS Briefing 1.14.25. Selling rotation lower fulfilled the initial downside target zone between 5860 – 5855, finding … Continue reading
Market Overview: The trading day commenced with an overnight price surge, fulfilling initial bullish targets before a precise reversal from the Money Box Zone. A notable reaction to the PPI release at 3.3% (below the forecasted 3.5%) led to a … Continue reading
S&P 500 (ES) Prior Session was Cycle Day 3: Failed Three-Day Cycle as price continued to “spill-over” from Friday’s weakness, selling down to the Cycle Day 1 Average Decline Projection Target (5823). Once the sellers were absorbed down to 5809 (PL), … Continue reading
Market Overview: Morning Session: PTGDavid announced a significant update for Take Profit Trader (TPT), removing the daily loss limit from accounts, and offering a 50% discount for new subscribers with the promo code PTGFUNDING. Link >> https://takeprofittrader.com/?referralCode=PTGFUNDING Trading Strategy: Emphasized a … Continue reading
S&P 500 (ES) Prior Session was Cycle Day 2: Second consecutive negative week keeps “da bears” in short-term control as price works off this pullback. Three-Day Cycle is also experiencing failed reclaims during this correction. Historical cycle statistics favor long plays, … Continue reading
Market Overview: The session began with the price holding a critical support level, identified as the 5930 Line in the Sand (LIS). Initial upper targets were reached between 5945 and 5950, marking early trading success. Notably, the NASDAQ (@NQ) similarly … Continue reading
S&P 500 (ES) Prior Session was Cycle Day 1: Markets were closed for the RTH Session for National Day of Mourning in honor of the late former President Jimmy Carter. It was still a normal CD1 as price declined during GLOBEX … Continue reading
Morning Session: The trading day began with a continuation of weakness from the prior session. PTGDavid highlighted the lower target zone of 5930-5925 as outlined in the DTS Briefing. Early birds benefited from a PKB Long setup triggered at 5935, … Continue reading