S&P 500 (ES)
Prior Session was Cycle Day 1: Textbook CD1 as price declined fulfilling the 6063.50 average decline. Low of this day was 6063.25. How is that for accuracy! Range for this session was 44.25 handles on 839k 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 12.26.24
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: This cycle rally has begun from the early 6063.25 low but stalled at the key 6100 level.
Bulls will need to Clear and Convert with sustained bid to extend the rally. Given it is Cycle CD2, normal rhythms for today would be two-way balanced/consolidation.
Average Rally for CD2 = 6120.75 – 6129.50
Odds of Rally > 10 = 89%: > 20 = 63%
Possible Low for CD2 = 6020.75 – 6025.25
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 6090, initially targets 6110 – 6115 zone.
Bear Scenario: Price sustains an offer below 6090, initially targets 6070 – 6065 zone.
PVA High Edge = 6103.50 PVA Low Edge = 6083.50 Prior POC = 6098.50
ES (Profile)
Nasdaq (NQ)
Prior Session was Cycle Day 1: Textbook CD1 as price declined fulfilling the 21925 average decline. Range for this session was 241 handles on 398k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: This cycle rally has begun from the early 21870.25 low but found resistance in prior target zone between 22094 – 22123.
Bulls will need to Clear and Convert this zone with sustained bid to extend the rally. Given it is Cycle CD2, normal rhythms for today would be two-way balanced/consolidation.
Average Rally for CD2 = 22147.50 – 22191.75
Odds of Rally > 10 = 83%: > 20 = 67%
Possible Low for CD2 = 21707.25 – 21669.75
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 21980, initially targets 22111 – 22160 zone.
Bear Scenario: Price sustains an offer below 21980, initially targets 21892 – 21862 zone.
PVA High Edge = 22054 PVA Low Edge = 21969 Prior POC = 22006
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