Economic Calendar

10:00 NAHB Housing Market Index

***Notice to Subscribers: Friday December 22nd will be PTG’s last trading session for 2017 as we will be taking time-off Christmas week and will return Tuesday January 2nd. Daily Trade Strategy Report will not be published during this break and will resume when we return for new year.

S&P 500 (ES)

Today is Cycle Day 3 (CD3)…Index has surpassed 3 Day Cycle Targets and is currently trading 2692 CD3 Penetration Level in overnight trade. Additional upside levels measure 2694.50…2698.50…2704.25…2708.40.

Nasdaq 100 (NQ)

Naz is trading higher also at CD3 Penetration Level (6531.00)…All levels of prior resistance have been overcome by bulls as stage is set for continued all-time highs into year-end. Price would need to convert 6400 handle to lower resistance in the coming days to derail this bull-train.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2698.50; LOD ATR Range Projection: 2676.75; Cycle Day 1 Low: 2651.75 3 Day Central Pivot: 2666.75; 3 Day Cycle Target: 2677.33; 10 Day Average True Range: 16.02; VIX: 9.31

**Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

Today’s Hypotheses: March 2018 (ESH) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price converts PH (2683.25), THEN upside targets 2692 CD3 Penetration Level.

Scenario 2: IF price converts VPOC (2675.00), THEN downside targets 2670 – 2668 zone.

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.” –Bruce Lee

*****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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