S&P 500 (ES)
Prior Session was Cycle Day 2: “Be Nimble. Be Quick.”
The ES battlefield opened with buyer defense at 6714.50, an early tag-and-reclaim that delivered a modest upside push toward 6740–6745, fulfilling the first bull scenario before the rhythm flipped neutral. From there, the day turned into a classic “MATD minefield” — the kind where overzealous traders get chopped and disciplined ones just observe and survive.
Range was 118 handles on 2.155M contracts traded.
For greater detail of how this day unfolded, click on the Trading Room RECAP 10.16.25 link.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Three-Day Cycle Target 6731.25 has been fulfilled, so all that remains is for price to trade above the CD1 Low (6651.50) to secure the cycle statistic. (91.56%)
Overall the market continues to absorb the radical Trump Tariff Bomb (TTB) dropped last week.
Today is Options Expiration (OPEX): Post from a Community Member provided some context.
: (2:36:53 PM) :
Of course, nothing changes for PTG…Simply follow your plan. Take only Triple A setups and manage the $risk. ALWAYS HAVE HARD STOP-LOSSES in-place on the exchange.
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 6655+-, initially targets 6690 – 6695 zone.
Bear Scenario: Price sustains an offer below 6655+-, initially targets 6630 – 6615 zone.
PVA High Edge = 6745 PVA Low Edge = 6668 Prior POC = 6731
ESZ
Nasdaq (NQ)
Prior Session was Cycle Day 2: As has been the recent pattern, early strength gave way to an onslaught of selling which drove price to successfully test the prior low. Having closed in the lower quartile of the day’s range, the bears have ball control so it is theirs to lose. Range was 536 handles on 726k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Three-Day Cycle Target 25014.82 has been fulfilled, so all that remains is for price to trade above the CD1 Low (24663.25) to secure the cycle statistic. (91.56%)
We’ll mark today as a “wild-card” given Option Expiration (note above).
FRYday is always CAPITAL PRESERVATION DAY
Of course, nothing changes for PTG…Simply follow your plan. Take only Triple A setups and manage the $risk. ALWAYS HAVE HARD STOP-LOSSES in-place on the exchange.
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 24800+-, initially targets 24900 – 24950 zone.
Bear Scenario: Price sustains an offer below 24800+-, initially targets 24700 – 24650 zone.
PVA High Edge = 25136 PVA Low Edge = 24831 Prior POC = 25066
NQZ
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.”
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