S&P 500 (ES)
Prior Session was Cycle Day 1: Tuesday delivered a textbook Cycle Day 1 decline, fulfilling the average decline target at 6760 with near surgical precision.
The morning session opened firm but quickly revealed the tell-tale CD1 pattern— early bid strength failing near the ONH, then a swift rotation lower as sellers absorbed liquidity around the D-Level. Manny and PTGDavid were in full sync, calling the developing PKB Short Structure as the pivotal setup of the day.
Range was 55 handles on 1.371M contracts exchanged
For greater detail of how this day unfolded, click on the Trading Room RECAP 10.7.25 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 @ 6747.25, which will be used as the benchmark for this cycle’s performance.
Bulls continue to BTFD as core support structure remains intact. Bears have yet to find a sustained session where they can carry-over control.
End of Day MOC Buy Imbalances disrupt the bear plan and force shorts to cover into the closing bell.
Note: Although selling continues to get absorbed forcing shorts to cover, there will come a time when the dip gets sold and sold hard, like “elevator down” hard. So always remain flexible and never get trapped into a one-sided view. Be like a Jellyfish and “Go With The Flow!”
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 6750+-, initially targets 6770 – 6775 zone.
Bear Scenario: Price sustains an offer below 6750+-, initially targets 6740 – 6730-25 zone.
PVA High Edge = 6770 PVA Low Edge = 6748 Prior POC = 6758
ESZ
Nasdaq (NQ)
Prior Session was Cycle Day 1: Bullish momentum did spill over into today’s session pushing higher to near the D-Level before reversing and trading lower. Once the Open Range Low (25217) was violated, it was “elevator down”, fulfilling Cycle Day 1 decline objectives.
Range for this session was 290 handles on 532k 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 @ 24984.75, which will be used as the benchmark for this cycle’s performance.
Violation and conversion of CD1 Low places increased pressure on the bullish case and any break should be viewed as a cautionary warning for new long plays.
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 25000+-, initially targets 25100 – 25125 zone.
Bear Scenario: Price sustains an offer below 25000+-, initially targets 24915 – 24875 zone.
PVA High Edge = 25172 PVA Low Edge = 24987 Prior POC = 25037
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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