S&P 500 (ES)
Prior Session was Cycle Day 3: Market rallied on the CPI report with a gap up opening that never looked back, as buyers reversed the prior Cycle Day 2 sell off, which saw price hit the lower Violation Zone (6038 – 6043) providing an excellent LONG CALL play. Cycle Statistic remains intact at 92.68% accuracy, covering nearly 15 years of tracking. Range for this session was 57 handles on 1.165M contracts exchanged.
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 12.11.24
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Normal CD1 would be for a decline with the average measuring 6067 – 6070 zone.
Odds of Decline > 10 = 79%…> 20 = 56%
Given the strong rally in prior session, normal expectation would be for MATD rhythms to consolidate and find accepted balance.
Levels of of interest on pullbacks are…6078…6075….6067…6063.
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 6090, initially targets 6100 – 6110 zone.
Bear Scenario: Price sustains an offer below 6090, initially targets 6070 – 6065 zone.
PVA High Edge = 6100 PVA Low Edge = 6084 Prior POC = 6097
ES (Profile)
Nasdaq (NQ)
Prior Session was Cycle Day 3: Three-Day Cycle Penetration Target 21713 was fulfilled on an explosive gap up and trend day, as traders reacted positively to the CPI print. Range for this session was 414 handles double the 20 day average on 530k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 1
Transition into Cycle Day 1: Normal CD1 would be for a decline with the average measuring 21710 – 21700 zone.
Odds of Decline > 10 = 82%…> 20 = 76%
Given the strong rally in prior session, normal expectation would be for MATD rhythms to consolidate and find accepted balance.
Levels of of interest on pullbacks are…21696…21673….21655…21607
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 21750, initially targets 21795 – 21820 zone.
Bear Scenario: Price sustains an offer below 21750, initially targets 21725 – 21695 zone.
PVA High Edge = 21817 PVA Low Edge = 21684 Prior POC = 21794
NQ (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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