S&P 500 (ES)

Prior Session was Cycle Day 3: Market forces again decided to continue this cycle’s sell-down during the morning session, hitting statistical extremes before finding responsive buyers to rally back during the afternoon session closing in the midpoint zone for the day. Range for this session was 118 handles on 1.495M 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 12.30.24

…Transition from Cycle Day 3 to Cycle Day 1

Transition into Cycle Day 1: Markets open the final trading session with anticipation of some year-end “window-dressing.” Looking for closing bid strength with those stocks that have outperformed, such as the MAG-7. 

Normal for Cycle day 1 is to establish a new cycle low from which to rally, which would set the tone for the new year.

Volumes will be greatly reduced as many “decision-makers’ will be enjoying the holiday break. Nothing changes for us…Simply follow your plan.

PTG will be taking some time off this week to rest and recharge the battery-pack. We’ll be back in “full-metal-jacket” on January 6th.

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 5960, initially targets 5975 – 5980 zone. 

Bear Scenario: Price sustains an offer below 5960, initially targets 5940 – 5935 zone.

PVA High Edge = 5990     PVA Low Edge = 5941         Prior POC = 5980

   ES (Profile)

 

Nasdaq (NQ)

Prior Session was Cycle Day 3: Market forces again decided to continue this cycle’s sell-down during the morning session, hitting statistical extremes before finding responsive buyers to rally back during the afternoon session closing in the midpoint zone for the day. Range for this session was 489 handles on 516k contracts exchanged.

 …Transition from Cycle Day 3 to Cycle Day 1

Transition into Cycle Day 1: Markets open the final trading session with anticipation of some year-end “window-dressing.” Looking for closing bid strength with those stocks that have outperformed, such as the MAG-7. 

Normal for Cycle day 1 is to establish a new cycle low from which to rally, which would set the tone for the new year.

Volumes will be greatly reduced as many “decision-makers’ will be enjoying the holiday break. Nothing changes for us…Simply follow your plan.

PTG will be taking some time off this week to rest and recharge the battery-pack. We’ll be back in “full-metal-jacket” on January 6th.

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 21380, initially targets 21461 – 21498 zone. 

Bear Scenario: Price sustains an offer below 21380, initially targets 21290 – 21270 zone.

PVA High Edge = 21559     PVA Low Edge = 21344         Prior POC = 21517

   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