S&P 500 (ES)
Prior Session was Cycle Day 3: As expected, the recovery hill was just to high to climb, as a rare (7.25%) “failed-cycle” was secured. Definition of Failed 3-Day Cycle: Failure of Price to trade above the Cycle Day 1 Low during Cycle Day 3. Fortunately for future sessions historical cycle odds (92.75%) favor Positive 3 Day Cycles. Range for this session was 74 handles on 2.081M 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 12.19.24
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: This session begins a new cycle with the price already satisfying the average decline.
Bulls will be looking to cleanup any overflow selling and repair the downside FED induced momentum sell down.
Bears of course will be looking to press for lower to force additional long-liquidation and close out the week.
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 5930, initially targets 5950 – 5965 zone.
Bear Scenario: Price sustains an offer below 5930, initially targets 5890 – 5875 zone.
PVA High Edge = 5986 PVA Low Edge = 5951 Prior POC = 5962
ES (Profile)
Nasdaq (NQ)
Prior Session was Cycle Day 3: MATD dominated this session as anticipated as balancing/consolidation rhythms stemmed any further decline. Range for this session was 352 handles on 689k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: This session begins a new cycle with the price already satisfying the average decline.
Bulls will be looking to cleanup any overflow selling and repair the downside FED induced momentum sell down.
Bears of course will be looking to press for lower to force additional long-liquidation and close out the week.
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 21310, initially targets 21435 – 21460 zone.
Bear Scenario: Price sustains an offer below 21310, initially targets 21134 – 21091 zone.
PVA High Edge = 21607 PVA Low Edge = 21459 Prior POC = 21482
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.
This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
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