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 Range, providing secondary opportunity to establish long positions, pushing gains into the closing bell. Range for this session was 121 handles on 1.558M contracts exchanged.
FREE TRIAL link to PTG/Taylor Three Day Cycle
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 1.15.25
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: As outlined in the recap above, 3-Day Cycle targets have been exceeded, with momentum clearly in the bullish camp.
We’ll mark this cycle day as a “Wild-Card”, meaning the current momentum rally may extend higher, or simply fizzle and “fade to black!”
PTG does not make predictions…We only expect Mr. Market to offer an endless stream of opportunities to implement our trade strategies.
Nothing changes for PTG…Simply follow your plan.
PTG’s Primary Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 5990+-, initially targets 6010 – 6015 zone.
Bear Scenario: Price sustains an offer below 5990+-, initially targets 5970 – 5965 zone.
PVA High Edge = 5991 PVA Low Edge = 5964 Prior POC = 5988
ES (Profile)
Nasdaq (NQ)
Prior Session was Cycle Day 2: Given the impressive True Gap rally with Three Day Cycle targets being exceeded, the larger picture for the NAZ remains in a downward sloping channel. Bulls would need to clear and convert 21500 – 21600.(see chart image) Range for this session was 543 handles on 543k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: As outlined in the recap above, 3-Day Cycle targets have been exceeded, with momentum clearly in the bullish camp.
We’ll mark this cycle day as a “Wild-Card”, meaning the current momentum rally may extend higher, or simply fizzle and “fade to black!”
Nothing changes for PTG…Simply follow your plan.
PTG’s Primary Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 21385+-, initially targets 21450 – 21500 zone.
Bear Scenario: Price sustains an offer below 21385+-, initially targets 21320 – 21280 zone.
PVA High Edge = 21405 PVA Low Edge = 21263 Prior POC = 21355
NQ (Profile)
Economic Calendar
Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.
Stay Focused…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Trading…David
“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –BR
*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone.
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CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN