S&P 500 (ES)
Prior Session was Cycle Day 1: Normal CD1 as price declined establishing a new cycle low @ 6055.50. Range for this session was 32 handles on 1.323M contracts exchanged.
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 12.12.24
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Normal CD2 is for some consolidation…Price has back filled the CPI reaction, so we’ll be looking for the “real players” to emerge during this session to round out the week’s trading.
Odds of Rally > 10 = 89%…> 20 = 63%
Levels of of interest on are…6055…6065….6075…6085.
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 6065, initially targets 6075 – 6080 zone.
Bear Scenario: Price sustains an offer below 6065, initially targets 6055 – 6050 zone.
PVA High Edge = 6086 PVA Low Edge = 6070 Prior POC = 6077
ES (Profile)
Nasdaq (NQ)
Prior Session was Cycle Day 1: Normal CD1 as price declined establishing a new cycle low @ 21604.25. Range for this session was 168 handles on 490k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Normal CD2 is for some consolidation…Price has back filled approximately 50% of the CPI reaction, so we’ll be looking for the “real players” to emerge during this session to round out the week’s trading.
Odds of Rally > 10 = 91%…> 20 = 87%
Levels of of interest on are…21775…21793….21680…21665
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 21700, initially targets 21775 – 21815 zone.
Bear Scenario: Price sustains an offer below 21700, initially targets 21645 – 21605 zone.
PVA High Edge = 21723 PVA Low Edge = 21660 Prior POC = 21675
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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