S&P 500 (ES)
Prior Session was Cycle Day 2: This cycle day’s rhythm was dominated by the FOMC Committee Interest Rate Decision. No surprise (25bps cut).
Increased volatility unfolded during the JPOW Presser, with a barrage of wide ranging questions covering a plethora of topics. When the dust settled the high/low range was 6686.50 – 6611.00 (75 handles).
Options Expiration (OPEX) as well as Contract Rollover (Dec Z), setting the stage for the end of week consolidation/pump to new All-Time High.
Market of Close Buy Imbalance $1.1B closed the session with an outgoing firm bullish bid.
Range was 75 handles on 1.24M contracts exchanged.
Click on this link: Trading Room RECAP 9.17.25
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: The current rally is currently above the CD1 Low (6661.25) which has satisfied the 3 Day Cycle Statistic (91.16%).
Overall the market remains in a multi-day consolidative state between 6650 – 6680.
Bulls still have a decent tailwind to continue the upward trajectory to new ATH. Keep in mind September has had between $15B – $20B inflows during the Market on Close reveal. Bulls are not going to let the market collapse easily, so BTFD remains the current larger structural strategy.
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 6675+-, initially targets 6690 – 6695 zone.
Bear Scenario: Price sustains an offer below 6675+-, initially targets 6660 – 6655 zone.
PVA High Edge = 6672 PVA Low Edge = 6654 Prior POC = 6660
ESU
Nasdaq (NQ)
Prior Session was Cycle Day 2: This cycle day’s rhythm was dominated by the FOMC Committee Interest Rate Decision. No surprise (25bps cut).
Range was 308 handles on 490k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: The current rally is currently above the CD1 Low (24499.25) which has satisfied the 3 Day Cycle Statistic (91.16%).
Bulls still have a decent tailwind to continue the upward trajectory to new ATH. Bulls are not going to let the market collapse easily, so BTFD remains the current larger structural strategy.
We’ll mark today (CD3) as a “wild-card” with rollover and OPEX remaining at end of the week.
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 24550+-, initially targets 24595 – 24610 zone.
Bear Scenario: Price sustains an offer below 24550+-, initially targets 24475 – 24455 zone.
PVA High Edge = 24510 PVA Low Edge = 24394 Prior POC = 24412
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.”
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