S&P 500
Prior Session was Cycle Day 2: Normal CD1 as price consolidated holding above 5970 Line in the Sand (LIS) into the weekly closing bell with a bullish lean. Range for this session was 52 handles on 1.461M contracts exchanged.
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 11.22.24
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Price is vaulting above 3 Day Cycle Target 5998 during GLOBEX Opening Sunday evening. Bulls are looking to extend this cycle’s rally for the shortened Thanksgiving holiday week. Additional upside targets 6017…6025…6030.
PTG’s Primary Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
If you choose to defy the PD, then you will pay the price.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 5990, initially targets 6017 – 6025 zone.
Bear Scenario: Price sustains an offer below 5990, initially targets 5975 – 5970 zone.
PVA High Edge = 5990 PVA Low Edge = 5975 Prior POC = 5987
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Normal CD1 as price consolidated holding above 20785 Line in the Sand (LIS) into the weekly closing bell with a bullish lean. Range for this session was 186 handles on 537k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Price is vaulting above PH 20880 during GLOBEX Opening Sunday evening as the 3 Day Cycle Target 20978 is within reach. . Bulls are looking to extend this cycle’s rally for the shortened Thanksgiving holiday week. Additional upside targets 20978…21007…21082.
PTG’s Primary Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE. If you choose to defy the PD, then you will pay the price.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 20880, initially targets 20932– 20978 zone.
Bear Scenario: Price sustains an offer below 20880, initially targets 20800 – 20760 zone.
PVA High Edge = 20847 PVA Low Edge = 20774 Prior POC = 20820
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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