S&P 500 (ES)
Prior Session was Cycle Day 3: Positive 3-Day Cycle Statistic was fulfilled, although the “Tale-of-the-Tape” was decisively negative, as there was no place to hide except for Gold (+3%).
Straight out of the opening range gate, sellers wrestled control from the bulls and never relinquished it throughout the session. Late day position-squaring bounce neutralized some of the selling, but still was a rough outing for the bulls. Range for this session was 179 handles on 1.137M contracts exchanged.
FREE TRIAL link to PTG/Taylor Three Day Cycle
Reframing Negative Beliefs into Empowering Ones
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 4.21.25
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Cycle dynamics remain intact and levels are now beginning to encompass the recent spike in Average True Range (268).
Prior session’s selling fulfilled the projected CD1 Average Decline (5147.25) with a position-squaring relief bounce at days end. Potential remains for a retest of this level and prior low (5127.25) in order to establish a cycle low reference from which to measure the extent of the next cycle rally.
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 5185+-, initially targets 5220 – 5250 zone.
Bear Scenario: Price sustains an offer below 5185+-, initially targets 5145 – 5130 zone.
PVA High Edge = 5202 PVA Low Edge = 5132 Prior POC = 5185
ESM
Nasdaq (NQ)
Prior Session was Cycle Day 3: GLOBEX weakness set the tone for the RTH as selling spilled-over straight away during the Opening Range sequence and did not let up until position squaring closing relief bounce. Another rough ride for the Tech dominated Nasdaq. Range for this session was 683 handles on 473k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Normal for CD1 is to establish a cycle low reference from which to measure the extent of the next cycle rally. Average Decline measures 17651.25 remains untouched.
The prior end of day relief rally is suspected to be more of a intra-day short-cover, which is not the making of a solid secure low. Expectation is for a retest of the prior low (17700) and to establish a new cycle low from which to measure the extent of this cycle’s rally performance.
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 17915+-, initially targets 18120 – 18180 zone.
Bear Scenario: Price sustains an offer below 17915+-, initially targets 17780 – 17725 zone.
PVA High Edge = 17975 PVA Low Edge = 17705 Prior POC = 17915
NQM
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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