S&P 500
Prior Session was Cycle Day 1: Price established this cycle’s low at 5905.25 early, as the morning’s volatility was elevated with wide swings keeping traders on edge, disrupting many of PTG’s Trade Strategies. PTG is equally accepting of both the positive and negative results, as we focus on the longer-term positive edge our strategies have produced and DO NOT placing any emphasis on any single day. Range for this session was 79 handles on 1.777M contracts exchanged.
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 11.21.24
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Through all the volatility in the prior session, DTS Briefing’s Line in the Sand (LIS) 5915 held firm as buyers continued to absorb the aggressive sellers.
With price closing in the upper quartile of the day’s range, bulls remain control and we’ll be anticipating a more normalized rhythmic CD2 session, with two-way consolidation though Mr. Market will always have the final say.
Price is still in a “correction-phase” and in the process of building balanced consensus of value heading into the final weeks of the year.
YOU KNOW THE DRILL!
Our “game-play” will remain true to our discipline in maintaining positioning that is aligned with market forces which continue to serve us well, so stay the course.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 5970, initially targets 5985 – 5995 zone.
Bear Scenario: Price sustains an offer below 5970, initially targets 5950 – 5945 zone.
PVA High Edge = 5983 PVA Low Edge = 5935 Prior POC = 5971
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: Price established this cycle’s low at 20514.25 early, as the morning’s volatility was elevated with wide swings keeping traders focused on proper risk management. Range for this session was 391 handles on 692k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Through all the volatility in the prior session, buyers continued to BTFD absorbing the aggressive sellers, ultimately winning the battle for control.
With price closing in the upper quartile of the day’s range, bulls remain control and we’ll be anticipating a more normalized rhythmic CD2 session, with two-way consolidation though Mr. Market will always have the final say.
YOU KNOW THE DRILL!
Our “game-play” will remain true to our discipline in maintaining positioning that is aligned with market forces which continue to serve us well, so stay the course.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 20785, initially targets 20875– 20905 zone.
Bear Scenario: Price sustains an offer below 20785, initially targets 20675 – 20615 zone.
PVA High Edge = 20874 PVA Low Edge = 20676 Prior POC = 20839
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.
Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.
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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