S&P 500 (ES) Prior Session was Cycle Day 2: Early attempts by the bulls to push higher fell flat as they failed to sustain an adequate bid during the opening range. Negative impactful economic releases turned the tide to aggressive selling, … Continue reading
Category Archives: PTG Daily Trade Strategy
Pre-Market Commentary (7:42 AM – 9:02 AM) Key Levels Identified: LIS (Line in the Sand): 6030, derived from the prior session’s mid-zone. Lower Target Levels: 6005 and 5995 were highlighted as critical areas for market responses. Overnight Activity: Overnight trading … Continue reading
S&P 500 (ES) Prior Session was Cycle Day 1: Shallow decline during GLOBEX lead to a strong TRUE GAP UP opening during the RTH. We’ve seen this scenario before on Cycle Day 1…Early strength momentum pushing to fulfill upside range targets. … Continue reading
Morning Session Market Outlook: The week began with a strong GLOBEX rally, characteristic of Cycle Day 1 (CD1). The initial upside target of 6042, based on the average CD1 range from the last 20 cycles, was nearly achieved early in … Continue reading
S&P 500 (ES) Prior Session was Cycle Day 3: Positive Three-Day Cycle was fulfilled as strong “short-squeeze” propelled prices higher to cap off the holiday trading season. Range for this session was 85 handles on 1.144M contracts exchanged. FREE TRIAL link to PTG/Taylor … Continue reading
S&P 500 (ES) Prior Session was Cycle Day 3: Market forces again decided to continue this cycle’s sell-down during the morning session, hitting statistical extremes before finding responsive buyers to rally back during the afternoon session closing in the midpoint zone … Continue reading
Morning Observations: $ES and $NQ were both noted at statistical extreme zones early in the session. Initial discussions included technical levels and settings, such as AR4 Stop values and a focus on key targets (5, 8, and 13 points). Trading … Continue reading