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 Three Day Cycle
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 12.30.24
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Markets open the first full trading week of the new year as the “decision-makers” and trading desks are fully staffed.
Normal for Cycle Day 1 is to establish a new cycle low from which to rally, which would set the base for this cycle.
There’s an old saying in the stock market that comes to mind each winter: “As goes January, so goes the year.” It implies that if the market goes up (or down) in January, it will continue to rise (or fall) for the rest of the year. particularly when predicting positive full-year performance. as a year-ahead indicator.
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 5995, initially targets 6005 – 6010 zone.
Bear Scenario: Price sustains an offer below 5995, initially targets 5975 – 5970 zone.
PVA High Edge = 5996 PVA Low Edge = 5954 Prior POC = 5987
ES (Profile)
Nasdaq (NQ)
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 415 handles on 479k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Markets open the first full trading week of the new year as the “decision-makers” and trading desks are fully staffed.
Normal for Cycle Day 1 is to establish a new cycle low from which to rally, which would set the base for this cycle.
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 21495, initially targets 21530 – 21550 zone.
Bear Scenario: Price sustains an offer below 21495, initially targets 21440 – 21390 zone.
PVA High Edge = 21550 PVA Low Edge = 21348 Prior POC = 21515
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.
Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.
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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