S&P 500

Prior Session was Cycle Day 2: Normal CD2 session as price temporarily “peeked-above” the PH (6102.25) and reversed back below, then consolidated for remainder of the day. This is now coined: “Peek-a-Boo” Setup (see recap below).  Range for this session was 25 handles on 1.036M contracts exchanged.

For a more detailed recap of the trading session, click on this link: Trading Room RECAP 12.5.24

 …Transition from Cycle Day 2 to Cycle Day 3

Transition into Cycle Day 3: Price has fulfilled key 3 Day Cycle objectives, so as long as price trades above CD1 Low (6063) the cycle statistic  (92.50%) will be satisfied.

Having closed in the lower quartile of the days range near the low, selling may spill-over into today’s session.

Price closed into the 6080 lower target outlined in prior DTS Briefing 12.5.24, so we will use this level as today’s Line in the Sand (LIS).

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 6080, initially targets 6090 – 6095 zone. 

Bear Scenario: Price sustains an offer below 6080, initially targets 6070 – 6065 zone.

PVA High Edge = 6100     PVA Low Edge = 6091         Prior POC = 6095

   ES (Profile)

 

Nasdaq 100 (NQ)

Prior Session was Cycle Day 2: Normal CD2 session as price temporarily “peeked-above” the PH (21548.50) and reversed back below, then consolidated for majority of the day, with a late day sell-down to close near the low of the day. Range for this session was 129 handles on 412k contracts exchanged.

 …Transition from Cycle Day 2 to Cycle Day 3

Transition into Cycle Day 3: Price has fulfilled key 3 Day Cycle objectives, so as long as price trades above CD1 Low (21305.75) the cycle statistic (92.50%) will be satisfied.

Having closed in the lower quartile of the days range near the low, selling may spill-over into today’s session.

Price closed into the 21450 prior lower target outlined in prior DTS Briefing 12.5.24, so we will use this level as today’s Line in the Sand (LIS).

 

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 21450, initially targets 21490– 21525 zone. 

Bear Scenario: Price sustains an offer below 21450, initially targets 21400 – 21387 zone.

PVA High Edge = 21534      PVA Low Edge = 21488         Prior POC = 21526

NQ Chart (Profile)

Economic Calendar

The Bureau of Labor Statistics’ monthly jobs report, slated for release at 8:30 a.m. ET on Friday, is expected to show nonfarm payrolls rose by 215,000 in November while the unemployment rate held steady at 4.1%, according to consensus estimates compiled by Bloomberg.

In October, the US economy added just 12,000 jobs amid various disruptions to economic activity while the unemployment rate stood at 4.1% for a second straight month.

Ahead of Friday’s report, Goldman Sachs economists told clients they’re anticipating a “post-hurricane rebound.”

“Payroll growth in states impacted by Hurricanes Helene and Milton decelerated by roughly 70k in October,” Goldman Sachs economists Ronnie Walker and Jessica Rindels wrote. “Data from Homebase suggest that the effects of the hurricanes had mostly reversed by early November, which we expect will boost November payroll growth by 50,000.”

Here are the key numbers Wall Street will be looking at on Friday, according to data from Bloomberg:

• Nonfarm payrolls: +215,000 vs. +12,000 previously

• Unemployment rate: 4.1% vs. 4.1% previously

• Average hourly earnings, month over month: +0.3% vs. +0.4% previously

• Average hourly earnings, year over year: +3.9% vs. +4% previously

• Average weekly hours worked: 34.3 vs. 34.3 previously

 

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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