S&P 500 (ES)
Prior Session was Cycle Day 3: Failed 3-Day Cycle as price was unable to rally above the CD1 Low (6456) which has a 90.78% historical performance track history.
Risk-Off selling pressure continued to spill over into this session as there was no escape across market sectors.
As noted in the RECAP (see link below), price did fulfill cycle range and average decline projections. So even in the midst of downward rhythms, key cycle levels continued to maintain their integrity.
This fulfillment of the 6370 – 6375 zone provided nimble savvy traders a 0DTE Call opportunity play, which played out with ULTRA PRECISION.
Range for this session was 75 handles on 1.526M contracts exchanged.
Notable is the upcoming Jackson Hole Economic Policy Symposium:(Aug 21-23) This year’s theme is “Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy.”
Perhaps also some very nice wine-tasting, jumbo shrimp, and Chateaubriand on the menu. If POTUS had his way, JPOW would be on the menu with an apple in his mouth (parody)
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 8.20.25
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 (6366.34) fulfilled during the prior session.
PTG will be closely monitoring the progress of the late day closing rally which recovered VWAP-RTH and the Open Range Midpoint (6425)
Structural momentum continues to favor selling rallies until buyers can reclaim prior daily high pivots. Potential also exists for a retest of the prior session’s low for surety before a sustainable rally unfolds. Remain flexible and disciplined.
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 6415+-, initially targets 6430 – 6435 zone.
Bear Scenario: Price sustains an offer below 6415+-, initially targets 6400– 6395 zone.
PVA High Edge = 6427 PVA Low Edge = 6390 Prior POC = 6414
ESU
Nasdaq (NQ)
Prior Session was Cycle Day 3: Failed 3-Day Cycle as price was unable to rally above the CD1 Low (23719) which has a 90.78% historical performance track history. Risk-Off selling pressure continued to spill over into this session as there was no escaping the MAGS-7 weakness.
Range for this session was 450 handles on 704k 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 (23040) fulfilled during the prior session.
PTG will be closely monitoring the progress of the late day closing rally which recovered VWAP-RTH and the Open Range Low (23362)
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 23325+-, initially targets 23425– 23475 zone.
Bear Scenario: Price sustains an offer below 23325+-, initially targets 23245 – 23200 zone.
PVA High Edge = 23400 PVA Low Edge = 23160 Prior POC = 23245
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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