S&P 500 (ES)
Prior Session was Cycle Day 2: Textbook CD2 as price held firm within a 35 handle range between 5992 – 6027 on very lethargic volume. It was basically a “stalemate” as neither bulls or bears could gain any directional traction.
End of the Day Market on Close (MOC) leaned to $4B sell-side, as traders book squaring closed price near mid-VWAP zone which is typical for a Cycle Day 2.
Context remains unchanged given today’s pause…Consolidation within prior week’s upper distribution.
Range was 35 handles on 830k 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 6.9.25
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Price is safely above the CD1 Low (5930.75) which will satisfy the Positive 3-Day Cycle Statistic, that has an 90.24% historical performance track record.
Market is currently in a “holding-pattern’ awaiting the CPI report on Wednesday.
Expectation will be more of the same until new information via the CPI or China negotiations which continues today, rattles the snake’s tail for direction.
5995 – 6000 zone remains as key support marker, while 6025 – 6030 zone must be C&C for expansion higher.
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 6015+-, initially targets 6025 – 6030 zone.
Bear Scenario: Price sustains an offer below 6015+-, initially targets 6000 – 5995 zone.
PVA High Edge = 6020 PVA Low Edge = 6006 Prior POC = 6014
ESM
Nasdaq (NQ)
Prior Session was Cycle Day 2: Textbook CD2 as price held firm within a 140 handle range between 21750 – 21890 on very lethargic volume. It was basically a “stalemate” as neither bulls or bears could gain any directional traction. Range was 174 points on 350k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Price is safely above the CD1 Low (21471.00) which will satisfy the Positive 3-Day Cycle Statistic, that has an 90.24% historical performance track record.
Market is currently in a “holding-pattern’ awaiting the CPI report on Wednesday.
Expectation will be more of the same until new information via the CPI or China negotiations which continues today breaks the stalemate.
Be patient for your Triple A setups!
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 21815+-, initially targets 21870 – 21890 zone.
Bear Scenario: Price sustains an offer below 21815+-, initially targets 21770 – 21750 zone.
PVA High Edge = 21876 PVA Low Edge = 21806 Prior POC = 21851
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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