S&P 500 (ES)
Prior Session was Cycle Day 1: Selling continued unabated during this Cycle Day 1 as price declined, reaching their Violation Levels, and established a new Cycle Low @ 5415.25. One of our community traders @manny offered a graphical interpretation from his lenses.
As depicted, there was nowhere to hide from the onslaught of persistent selling pressure. Range for this session was 149 handles on 2.345M 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 4.3.25
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Price has declined approximately 9% from its all-time high on Feb 19th, showing no signs of a tradable bottoming pattern.
Being the final trading day of the week, the mantra ” The Selling Will Continue Until Morale Improves.” is thematic of the current momentum.
Given today is CD2, bulls have a chance to squelch the selling and stabilize price action heading into the weekend. Investors will be receiving their 1st QTR investment statements, so the potential for $Risk Off / $Sell Off Monday approaches.
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 5415+-, initially targets 5455 – 5465 zone.
Bear Scenario: Price sustains an offer below 5415+-, initially targets 5395 – 5390 zone.
PVA High Edge = 5533 PVA Low Edge = 5465 Prior POC = 5482
ESM
Nasdaq (NQ)
Prior Session was Cycle Day 1: Textbook Cycle Day 1 as price declined, reaching their Violation Levels, and established a new Cycle Low @ 18614. Bulls continued to “Slip on the Soap” not being able to find any firm traction during this session. Range was 563 handles on 871K contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Price has declined approximately 14% from its all-time high on Dec 16th 2024, showing no signs of a tradable bottoming pattern.
Normal for a CD2 would be for some balancing and consolidation to squelch the current momentum selling.
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 18614+-, initially targets 18750 – 18840 zone.
Bear Scenario: Price sustains an offer below 18614+-, initially targets 18550 – 18500 zone.
PVA High Edge = 19036 PVA Low Edge = 18796 Prior POC = 18876
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
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