S&P 500 (ES)
Prior Session was Cycle Day 2: Theme: Trap City | Capital Preservation Day
Cycle Day: 3 – Target Fulfilled
Mood: Wonky Rhythms & M&M Extremes… FAFO Edition
🔍 Market Overview
The FRYday session opened with traders wide awake and caffeine-fueled as CPI data hit the tape —
US CPI YoY: 3.0% (vs 3.1% expected, prior 2.9%)
Cue the algo-swarm: futures spiked, tagged Cycle Day 3 target (6840.88) with surgical precision, and then… well… welcome to Trap City.
Every swing invited both bulls and bears to “buy the fakeout,” only to be slammed by the next reversal. M&M rhythms (Momentum & Madness) pushed to extremes, punishing impatience and rewarding only those who respected one golden phrase — CAPITAL PRESERVATION DAY.
Range was 64 handles on 1.202M contracts traded.
For greater detail of how this day unfolded, click on the Trading Room RECAP 10.24.25 link.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Three-Day Cycle Target 6840 has been fulfilled, so with price above the CD1 Low (6717.50) the cycle statistic appears safely secured (91.67%).
Markets begin this week pushing new All-Time Highs as there appears to be no stopping the Bulls Stampede.
Upside extension targets for CD3 measure 6870 – 6884 zone. Break back below Prior High (6841.25) will call into question the GLOBEX breakout.
Bulls continue to “OWN” this market for the time being, so do not attempt to be a “hero” by fading the strength. The “trading weather” can change in an instant and when it does, PTG will be there to take advantage of the changing weather conditions. So always have your fowl-weather gear handy.
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 6840+-, initially targets 6870 – 6884 zone.
Bear Scenario: Price sustains an offer below 6840+-, initially targets 6815 – 6810 zone.
PVA High Edge = 6839 PVA Low Edge = 6825 Prior POC = 6837
ESZ
Nasdaq (NQ)
Prior Session was Cycle Day 2: Bullish CPI print propelled markets to new All Time Highs as well as exceeding 3 Day Cycle Objectives. Range was 294 handles on 459k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Three-Day Cycle Target 25325.75 has been fulfilled, so with price above the CD1 Low (24937) the cycle statistic appears safely secured (91.67%).
Markets begin this week pushing new All-Time Highs as there appears to be no stopping the Bulls Stampede.
Upside extension targets for CD3 measure 25717 – 25792 zone. Break back below Prior High (25570) will call into question the GLOBEX breakout.
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 25570+-, initially targets 25717 – 25792 zone.
Bear Scenario: Price sustains an offer below 25570+-, initially targets 25430 – 25405 zone.
PVA High Edge = 25556 PVA Low Edge = 25481 Prior POC = 25511
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.”
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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