S&P 500
Prior Session was Cycle Day 1: DTS has highlighted “time immemorial” that on Cycle Day 1 (CD1) when the low is established early in the session, the tendency is for a strong rally to unfold, achieving cycle targets quite often on the same day. Tying that in with a shortened holiday, is a recipe for an explosion to new All-Time Highs, which is what unfolded.
Trader needs to be considering various scenarios that will lead them to the proper mindset in executing their action plan. This is what the Daily Trade Strategy Briefing is designed for…Guidance of initial scenarios to aid in “jump-starting” each trade session to get aligned early with dominant forces. From then on it is executing various trade signals according to each trader’s plan. Range for this session was 42 handles on 683k contracts exchanged.
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 11.29.24
…Transition from Cycle Day 1 to Cycle Day 2 
Transition into Cycle Day 2: Price is near the ATH (6060) notched on shortened holiday session.
Normal CD2 following trend is for MATD Rhythms which is typically two-way balancing consolidation.
This week is a full trading week with full trading staffs. The key is whether the market is in an “accepting or rejection” mode of the new All-Time High. Large directional trend moves are inherently unstable and need a period of consolidation to stabilize and attract additional interest for those traders that were not active during the holiday period.
Levels to be mindful of on pullbacks for renewed buying interest are 6045…6040…6035 – 6030 zone.
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 6045, initially targets 6055 – 6060 zone.
Bear Scenario: Price sustains an offer below 6045, initially targets 6035 – 6030 zone.
PVA High Edge = 6059 PVA Low Edge = 6034 Prior POC = 6053
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 1: DTS has highlighted “time immemorial” that on Cycle Day 1 (CD1) when the low is established early in the session, the tendency is for a strong rally to unfold, achieving cycle targets quite often on the same day. Range for this session was 212 handles on 282k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Normal CD2 following trend is for MATD Rhythms which is typically two-way balancing consolidation.
This week is a full trading week with full trading staffs. Large directional trend moves are inherently unstable and need a period of consolidation to stabilize and attract additional interest for those traders that were not active during the holiday period.
Levels to be mindful of on pullbacks are..20960…20940 – 20930 zone.
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 20960, initially targets 20990– 21015 zone.
Bear Scenario: Price sustains an offer below 20960, initially targets 20920 – 20900 zone.
PVA High Edge = 21009 PVA Low Edge = 20894 Prior POC = 20989
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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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