Economic Calendar 

PTG Trading

Uptrend continues as price holds above rising 3 Day Central Pivot Zone with no reversal signals. Traders are now talking about a “melt-up” to capitulate the shorts in a “blow-off” phase. Typically the collective intelligence is wrong most often…Stay Tuned.

Today is Cycle Day 2 (CD2)…Yet another shallow CD1 decline keeps the persistent bull trend well intact. Upside potential initially measures 2563 – 65 zone, with 2570 3 Day Cycle Target.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2565.00; LOD ATR Range Projection: 2552.50; Cycle Day 1 Low: 2552.25; 3 Day Central Pivot: 2554.00; 3 Day Cycle Target: 2570.00; 10 Day Average True Range: 8.65; VIX: 10.14

**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Today’s Hypotheses: December 2017 (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1:  Price has converted 2555 to upper support, as such upside now is open to extend the rally to 2565 – 70 zone.

Scenario 2:  Bears need a stalled high and reversal back down through PH (2557.75) at minimum, followed by conversion below 2555 to increase odds of a deeper decline. Break below PL (2552.25) would qualify. 

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.” –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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