S&P 500 (ES)
Prior Session was Cycle Day 1: Normal CD1 as price declined “first” during the GLOBEX session establishing a new low @ 6287.50. Line in the Sand (LIS) for this day was 6300 with targets to 6325 – 6330 which were achieved as outlined in the prior DTS Briefing 7.10.25
This has been stated before and it is worth repeating again. When on Cycle Day 1 the low is established “first”…meaning either in GBX or in RTH and holds bid, there is a greater probability of a strong rally ensuing.
This is exactly what unfolded during this CD1 session. Low established during GBX and early RTH weakness held a back test to the prior VWAP…Then buy signal was given as price cleared and converted the Open Range, as was noted as the bull scenario in the live trading room. Range was 48 handles on 888k contracts exchanged
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 7.10.25
FREE TRIAL link to PTG/Taylor Three Day Cycle
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Normal for a Cycle Day 2 (CD2) would be an expectation of some balancing/consolidation MATD type rhythms to adjust for the CD1 rally to new All-Time High.
Bulls have delivered strong performance this week given the Tariff Notifications to countries that have failed or refused to negotiate in good faith. They in turn learned what “VIG” they will be paying the the USA. (Don “Vito” Corleone would be proud!)
FRYday is “Capital Preservation Day”…Markets are fickle and easily could have a late day “walk-a-away!” sell down or a closing upside “pump!”
Either way “PLAY YOUR GAME!”
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 6325+-, initially targets 6335 – 6340 zone.
Bear Scenario: Price sustains an offer below 6325+-, initially targets 6315 – 6310 zone.
PVA High Edge = 6335 PVA Low Edge = 6308 Prior POC = 6323
ESU
Nasdaq (NQ)
Prior Session was Cycle Day 1: New cycle low was established @ 22901.25 as price declined early in the session. Quiet day on the Tariff front. Range for this session was 188 handles on 358k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Normal for a Cycle Day 2 (CD2) would be an expectation of some balancing/consolidation MATD type rhythms to adjust for the CD1 session.
FRYday is “Capital Preservation Day”…Markets are fickle and easily could have a late day “walk-a-away!” sell down or a closing upside “pump!”
Either way “PLAY YOUR GAME!”
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 23010+-, initially targets 23090 – 23115 zone.
Bear Scenario: Price sustains an offer below 23010+-, initially targets 22975 – 22920 zone.
PVA High Edge = 23044 PVA Low Edge = 22969 Prior POC = 22034
NQU
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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