S&P 500
Prior Session was Cycle Day 1: This Cycle Day played out about as perfectly as could be, with price respecting the 5890 Line in the Sand (LIS) and fulfilling the upside 5930 target as outlined in the prior DTS Briefing 11.18.24. Range was 46 handles on 1.258M contracts exchanged.
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 11.18.24
Check out the link to learn more about the Taylor 3-Day Cycle and secure your FREE TRIAL.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: CD1 Low (5886.50) was established early in the session, which provided fuel for price to rally fulfilling the 5930 target. Additional upside targets remain open, although normal for CD2 is for consolidation, which we will anticipate continuation from prior session.
Bulls will be need to Clear and Convert (CnC) 5925 – 5930 zone to extend this cycle’s rally.
Bears will need a break below the CD1 Low (5886.50) to force additional liquidation.
So with this in mind, our “game-play” will remain true to our discipline in maintaining positioning that is aligned with market forces which continues to serve us well, so stay the course.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 5915, initially targets 5925 – 5930 zone.
Bear Scenario: Price sustains an offer below 5915, initially targets 5890 – 5885 zone.
PVA High Edge = 5924 PVA Low Edge = 5904 Prior POC = 5920
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: This Cycle Day played out about as perfectly as could be, with price respecting the 20500 Line in the Sand (LIS) and fulfilling the upside 20705 target as outlined in the prior DTS Briefing 11.18.24. Range was 248 handles on 519k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: CD1 Low (20476) was established early in the session, which provided fuel for price to rally fulfilling the 20705 target. Additional upside targets remain open, although normal for CD2 is for consolidation, which we will anticipate continuation from prior session.
Bulls will be need to Clear and Convert (CnC) 20725 to extend this cycle’s rally.
Bears will need a break below the CD1 Low (20476) to force additional liquidation.
So with this in mind, our “game-play” will remain true to our discipline in maintaining positioning that is aligned with market forces which continues to serve us well, so stay the course.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 20630, initially targets 20675– 20725 zone.
Bear Scenario: Price sustains an offer below 20630, initially targets 20495 – 20485 zone.
PVA High Edge = 20665 PVA Low Edge = 20552 Prior POC = 20627
NQ Chart (Profile)
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