S&P 500 (ES)
Prior Session was Cycle Day 2: Morning buying could not be sustained and gave way to afternoon selling down to D-Level Money Box Zone (5734.75 – 5718.50). Price did manage to close above the Prior Low (5750) begrudgingly. It was a Rock’em Sock’em Robot type session. Range for this session was 133 handles on 2.471M 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 3.6.25
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Three-Day Cycle Target (5849) has been fulfilled. So today is the all-import Jobs Report, which can be a “wild-card” for market reaction.
Markets are at a critical “Bud Fox” Decision Point.
In the movie Wall Street, there is a moment actor Charlie Sheen playing the role of Bud Fox has a life decision. Lou Mannheim states: “Man looks in the abyss, there’s nothing staring back at him. At that moment, man finds his character. And that is what keeps him out of the abyss.”
This is where the markets are at this moment…Looking into the abyss. Which way? Perhaps today’s Non-Farm Payrolls report may offer some guidance.
The Average Daily Ranges have expanded increasing the intra-day swing volatility, so adjust your trading plan’s $risk management appropriately to the current conditions. This may take the form of position size reduction and/or switching to micro-contracts. Do what is right for your individual situation and do not be concerned what others may be doing.
Of course, nothing changes for PTG…Simply follow your plan. Take only Triple A setups and manage the $risk. ALWAYS HAVE HARD STOP-LOSSES in-place on the exchange.
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 5750+-, initially targets 5785 – 5790 zone.
Bear Scenario: Price sustains an offer below 5750+-, initially targets 5725 – 5720 zone.
PVA High Edge = 5786 PVA Low Edge = 5725 Prior POC = 5748
ES (Profile)
Nasdaq (NQ)
Prior Session was Cycle Day 2: Morning buying could not be sustained and gave way to afternoon selling down to D-Level Money Box Zone (20076 – 20020). Price bounced but closed below the CD1 Low (20215), so the bulls will need to trade above this level to satisfy the cycle statistic. Range for this session was 644 handles on 750k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Three-Day Cycle Target (20739) has been effectively fulfilled. So today is the all-import Jobs Report, which can be a “wild-card” for market reaction.
CD3 Avg Range = 382 CD3 Avg Rally = 524
Of course, nothing changes for PTG…Simply follow your plan. Take only Triple A setups and manage the $risk. ALWAYS HAVE HARD STOP-LOSSES in-place on the exchange.
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 20215+-, initially targets 20325 – 20415 zone.
Bear Scenario: Price sustains an offer below 20215+-, initially targets 20076 – 20020 zone.
PVA High Edge = 20369 PVA Low Edge = 20009 Prior POC = 20107
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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