8:30 Initial Jobless Claims
10:00 E-Commerce Retail Sales
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
***New: PTG Trading Room Chat Log’s Link
Prior Session was Cycle Day 3 (CD3): We had marked this day as a “wild-card”. True to form, early push to highs failed to hold as price rotated back down to our lower target (4680) outlined in prior DTS 11.17.21. Remainder of the day price rotated between 4680 and 4690, which was also our Line-in-the-Sand (LIS). Range was 22 handles on 1.022M contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1 (CD1): Today begins a new cycle, with bulls squarely in control. Average Decline measures 4672. Options Expiration is on tap for tomorrow, as nearly $8 billion options contract are set to expire. The BIG Gamma Strikes are 4700 and 4750. per Spot Gamma. As such, estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 4700, initially targets 4713 – 4719 zone.
2.) Price sustains an offer below 4700, initially targets 4688 – 4685 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history.
PVA High Edge = 4692 PVA Low Edge = 4685 Prior POC = 4690
Range Projections and Key Levels (ES) December 2021 (Z) Contract
HOD ATR Range Projection: 4721; LOD ATR Range Projection: 4673; 3 Day Central Pivot: 4688; 3 Day Cycle Target: 4719; 10 Day Average True Range; 31; VIX: 17
Nasdaq 100 (NQ)
Today is Cycle Day 1 (CD1)…Nazzie continued to march higher yesterday, and it is currently pushing overnight highs pre-RTH. Average Decline measures 16314. Prior range was 126 handles on 452k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.
PVA High Edge = 16336 PVA Low Edge = 16295 Prior POC = 16312
Bull Scenario: IF Bulls sustain a bid above 16396, THEN initial upside estimate targets 16408 – 16430 zone.
Bear Scenario: IF Bears sustain an offer below 16396, THEN initial downside estimate targets 16348– 16336 zone.
Range Projections and Key Levels (NQ) December 2021 (Z) Contract
HOD ATR Range Projection: 16507; LOD ATR Range Projection: 16223; 3 Day Central Pivot: 16256; 3 Day Cycle Target: 16587; 10 Day Average True Range: 187; VIX: 17
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!
“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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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