S&P 500 (ES)
Prior Session was Cycle Day 1: Shortened Memorial Day trade had price gap higher following the TTB (Trump Tariff Bomb) on Friday which sent price plummeting to end the week.
Then once again a TTB; This time an extension of the EU tariff deadline. This has reversed the plummet to rally back to the Scene of the Crime (SoC) levels.
Frankly traders are getting annoyed at the Administration’s “ping pong” game… “take’ith away then give’ith some back”. So traders need to stay alert, keep risk profiles manageable and do not over-leverage positions.
Range for Friday’s session was 115 handles on 1.460M contracts exchanged.
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 5.21.25
FREE TRIAL link to PTG/Taylor Three Day Cycle
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Typically for CD2 we would be anticipating MATD trading range rhythms to adjust for the latest round of TTB Ping Pong.
Key for the foreseeable future will be how Mr. Market responds @ 5760 handle, which is the 21 DEMA.
So currently this down swing is of the “garden variety” kind, as the BTFD crowd is anticipated to remain active while the market absorbs the recent debt downgrade and a poor 20Y auction.
Continuation lower or Consolidation within context of larger degree uptrend?
Decisions: BUY? SELL? RANGE? TREND? Let’s consult the Rubik’s Trading Cube!
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 5895+-, initially targets 5905 – 5910 zone.
Bear Scenario: Price sustains an offer below 5870+-, initially targets 5855 – 5850 zone.
PVA High Edge = 5890 PVA Low Edge = 5870 Prior POC = 5885
ESM
Nasdaq (NQ)
Prior Session was Cycle Day 1: Price traded higher on shortened holiday trade as Friday’s TTB induced plummet has been reversed. Range for this session was 353 handles on 520k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Typically for CD2 we would be anticipating MATD trading range rhythms to balance the recent liquidation break.
The MAGS Merry-Ground Round will be spinning today as investors/traders assess the sell-down and reversal induced TTB’s and it’s implications along with recent debt downgrade and 20Y poor auction.
Overall market is absorbing the seemingly negative news, perhaps looking beyond the current conditions to a more favorable future environment.
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 21275+-, initially targets 21350 – 21412 zone.
Bear Scenario: Price sustains an offer below 21275+-, initially targets 21195 – 21165 zone.
PVA High Edge = 21282 PVA Low Edge = 21192 Prior POC = 21272
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.”
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