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. In-fact this was the exact playbill for this day, hitting the 6042.50 CD1 range objective, before reversing back lower settling near midpoint of the day. Range for this session was 87 handles on 1.459M 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 1.6.25
FOLLOW YOUR TRADE PLAN
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Part of the rally is in-place, but given the deep pullback in prior session back to mid-zone, we’ll be anticipating normal CD2 MATD rhythms.
Bulls will be looking to hold any attempt to break prior low (6004) and find renewed buying interest on the late day weakness.
Consolidation/Balancing to find accepted value would be the normal course, although we’ll remain flexible to whatever rhythm Mr. Market offers for trading opportunities.
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 6030, initially targets 6050 – 6055 zone.
Bear Scenario: Price sustains an offer below 6030, initially targets 6005 – 5995 zone.
PVA High Edge = 6050 PVA Low Edge = 6012 Prior POC = 6021
ES (Profile)
Nasdaq (NQ)
Prior Session was Cycle Day 1: Opening TRUE GAP higher was the AM rhythm, fulfilling upside range objectives, though buyers could not sustain an adequate bid. As such, Noon Swoon Reversal upfolded, giving back all the morning advance. Bids resurfaced near mid-gap half-back, finally settling near midpoint of the day. Range for this session was 418 handles on 562k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Having closed near midpoint, we’ll be anticipating normal CD2 Balancing/Consolidation rhythms for this session.
Lots of range (400 pts) for both bulls and bears to operate, so we’ll remain flexible to either side of the trading ledger.
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 21750, initially targets 21820 – 21835 zone.
Bear Scenario: Price sustains an offer below 21750, initially targets 21715 – 21690 zone.
PVA High Edge = 21835 PVA Low Edge = 21668 Prior POC = 21733
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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