S&P 500 (ES)
Prior Session was Cycle Day 1: Theme of the Day
Cycle Day 1 Decline – “Trade Today’s Rhythms, Not Yesterday’s”
After Wednesday’s textbook bullish trend ride, Thursday flipped the script. What began with momentum spillover quickly turned into a CD1 decline, reminding traders of David’s mantra: “Yesterday was LONG…Today IS SHORT.”
Range was 40.75 handles on 1.133M contracts exchanged
For greater detail of how this day unfolded, click on the Trading Room RECAP 10.2.25 link.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Normally for CD2 we are anticipating some consolidation MATD rhythms to begin the session.
Cycle Day 1 Low was established @ 6741.50, which will be used as the benchmark for this cycle’s performance.
Bulls continue to have ball control heading into FRYday, which is coined: “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 6765+-, initially targets 6780 – 6785 zone.
Bear Scenario: Price sustains an offer below 6765+-, initially targets 6755 – 6750 zone.
PVA High Edge = 6770 PVA Low Edge = 6754 Prior POC = 6768
ESZ
Nasdaq (NQ)
Prior Session was Cycle Day 1: As noted in the DTS Briefing 10.2.25 bullish momentum did spill over into today’s session pushing higher to fulfill the CD1 target objective (25165), before reversing and trading lower filling the open gap. Bulls proceeded to BTFD and close price at the lower edge of the opening range.
Range for this session was 186 handles on 451k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Normally for CD2 we are anticipating some consolidation MATD rhythms to begin the session.
Cycle Day 1 Low was established @ 24993.75, which will be used as the benchmark for this cycle’s performance.
Bulls continue to have ball control heading into FRYday, which is coined: “CAPITAL PRESERVATION DAY.”
NO PREDICTIONS…ONLY PREPARATION.
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 25060+-, initially targets 25165 – 25180 zone.
Bear Scenario: Price sustains an offer below 25060+-, initially targets 25020 – 24995 zone.
PVA High Edge = 25104 PVA Low Edge = 25019 Prior POC = 25060
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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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