S&P 500 (ES)
Prior Session was Cycle Day 1: Textbook Cycle Day 1 (CD1) as price declined fulfilling the projected lower target zone outlined in prior DTS Briefing 12.17.24. Range for this session was 38.50 handles on 1.146M contracts exchanged.
FREE TRIAL link to PTG/Taylor Three Day Cycle
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 12.17.24
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Price established a new cycle low @ 6114.25 late in the session. This level will be used as a key reference for this cycle’s performance metrics.
Odds of Rally > 10 = 89%…> 20 = 63% Average Range CD2 = 36.77
Key economic reports this week: FOMC; Initial Jobless Claims; GDP; PCE in addition to Rollover and OPEX.
What are the FOMC Interest Rate Expectations? Traders and economists confidently expect the Fed to reduce interest rates by 25bps to the 4.25-4.50% range. Fed Funds futures traders are pricing in 99% odds of a 25bps interest rate cut per CME FedWatch
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 6125, initially targets 6140 – 6145 zone.
Bear Scenario: Price sustains an offer below 6125, initially targets 6115 – 6110 zone.
PVA High Edge = 6135 PVA Low Edge = 6122 Prior POC = 6132
ES (Profile)
Nasdaq (NQ)
Prior Session was Cycle Day 1: Textbook Cycle Day 1 (CD1) as price declined fulfilling the projected lower target zone outlined in prior DTS Briefing 12.17.24. Range for this session was 181.50 handles on 453k contracts exchanged..
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Price established a new cycle low @ 22244.25 late in the session. This level will be used as a key reference for this cycle’s performance metrics.
Odds of Rally > 10 = 91%…> 20 = 87% Average Range CD2 = 125.50
Key economic reports this week: FOMC; Initial Jobless Claims; GDP; PCE in addition to Rollover and OPEX.
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 22275, initially targets 22373 – 22425 zone.
Bear Scenario: Price sustains an offer below 22275, initially targets 22220 – 22200 zone.
PVA High Edge = 22353 PVA Low Edge = 22283 Prior POC = 22308
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.
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