The last non-farm payrolls report for 2021 will be released this morning, with expectations that the U.S. economy added 400K jobs in December, compared to 210K jobs added in November. The figures – which represent the total number of paid workers in the U.S. minus farm, government, private household and non-profit employees – come as many grow concerned over the direction of the U.S. recovery in 2022. Despite the fears, the unemployment rate is expected to drop to 4.1%, from 4.2% in November, with an unprecedented number of job openings across the economy.
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Prior Session was Cycle Day 2 (CD2): Normal CD2 unfolded as price consolidated, albeit in a wide range, offering excellent trading opportunities. Range was 54 handles on 1.808M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
This leads us into Cycle Day 3 (CD3): Positive 3-day Cycle Statistic is expected to be in-place as long as price trades above CD1 Low (4689.50) during RTH, then anything goes for direction. As such, estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 4695, initially targets 4705 – 4710 zone.
2.) Price sustains an offer below 4695, initially targets 4685 – 4680 zone.
*****The 3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
PVA High Edge = 4703 PVA Low Edge = 4686 Prior POC = 4695
Range Projections and Key Levels (ES) March 2022 (H) Contract
Nasdaq 100 (NQ)
Today is Cycle Day 3 (CD3)…Price is trading within prior value zone (15728 – 15848) and above CD1 Low 15753 during overnight activity. We’ll mark today as a “wild-card” for direction for end of week trader sentiment. Prior range was 298 handles on 795k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 15848 PVA Low Edge = 15728 Prior POC = 15818
Bull Scenario: IF Bulls sustain a bid above 15820, THEN initial upside estimate targets 15860 – 15895 zone.
Bear Scenario: IF Bears sustain an offer below 15820, THEN initial downside estimate targets 15750 – 15720 zone.
Range Projections and Key Levels (NQ) March 2022 (H) Contract
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!
“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee
*****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