S&P 500 (ES)
Prior Session was Cycle Day 1: Price established cycle low 1st and as such strong short-cover rally unfolded, driving price to retrace approximately half of the FED induced sell-down. Range for this session was 184 handles on 2.110M 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 12.20.24
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Having retraced half of the sell-down, key for this shortened XMAS week will be whether fresh buyers find the current 6000 level attracted for new buying or renewed selling. (acceptance/rejection).
Volumes will be greatly reduced as many “decision-makers’ will be enjoying the holiday break. Nothing changes for us…Simply follow your plan.
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 6005, initially targets 6045 – 6050 zone.
Bear Scenario: Price sustains an offer below 6005, initially targets 5965 – 5950 zone.
PVA High Edge = 6050 PVA Low Edge = 5930 Prior POC = 5996
ES (Profile)
Nasdaq (NQ)
Prior Session was Cycle Day 1: Price established cycle low 1st and as such strong short-cover rally unfolded, driving price to retrace approximately half of the FED induced sell-down. Range for this session was 805 handles on 840k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 2: Having retraced half of the sell-down, key for this shortened XMAS week will be whether fresh buyers find the current 6000 level attracted for new buying or renewed selling. (acceptance/rejection).
Volumes will be greatly reduced as many “decision-makers’ will be enjoying the holiday break. Nothing changes for us…Simply follow your plan.
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 21565, initially targets 21690 – 21755 zone.
Bear Scenario: Price sustains an offer below 21565, initially targets 21457 – 21440 zone.
PVA High Edge = 21811 PVA Low Edge = 21289 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.
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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