S&P 500 (ES)
Prior Session was Cycle Day 3: Positive 3-Day Cycle as price secured a rally above the CD1 Low (5884) which has an 90.16% historical performance track history.
Positive 3-Day Cycle Statistic is defined as Price Above the Cycle Day 1 Low on Cycle Day 3. P > CD1 on CD3.
Early weakness probed lower to the 5877.25 projected Cycle Day 1 Low. Mutual Fund Monday (MFM) took hold as price gradually “stair-stepped” higher throughout the session, fulfilling the upside 5945 target outlined in the prior DTS Briefing 6.2.25.
Range for this session was 88 handles on 1.150M contracts exchanged..
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 6.2.25
FREE TRIAL link to PTG/Taylor Three Day Cycle
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Today begins a new cycle with the average decline projection measuring 5917.50.
Having closed near highs of the prior day, momentum may push price higher before the next decline unfolds.
Key Level (5960+-) remains the bogey for bulls to Clear and Convert (CnC) to upper support. This level represents the multi-week Value Area High.
With today’s rally near to this edge, any retracement back test down to 5915 (prior LIS) will be critical for bulls to vigorously defend. Failure to hold, opens up a huge trap door to transit the range down to 5870 handle and possibly lower.
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 5935+-, initially targets 5950 – 5955 zone.
Bear Scenario: Price sustains an offer below 5935+-, initially targets 5920– 5915 zone.
PVA High Edge = 5923 PVA Low Edge = 5877 Prior POC = 5913
ESM
Nasdaq (NQ)
Prior Session was Cycle Day 3: Positive 3-Day Cycle as price secured a rally above the CD1 Low (21301) which has an 90.16% historical performance track history. Range for this session was 413 handles on 542k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: Today begins a new cycle with the average decline projection measuring 21442.
Having closed near highs of the prior day, momentum may push price higher before the next decline unfolds.
Further expansion higher requires buyers to reclaim 21575 – 21600 zone and convert to upper support. Any decline requires 21400 21450 zone to be defended, otherwise a deeper decline may unfold.
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 21515+-, initially targets 21595 – 21630 zone.
Bear Scenario: Price sustains an offer below 21515+-, initially targets 21440 – 21365 zone.
PVA High Edge = 21555 PVA Low Edge = 21315 Prior POC = 21515
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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