S&P 500 (ES)
Prior Session was Cycle Day 3: Positive Three-Day Cycle as this rally secured 77 pts (104.44%) of the 73.73 average cycle range.
Price retested the prior high and was rejected, setting up a short play, that carried price lower fulfilling the 6712 CD1 average decline projection.
Heavy concentration of 0DTE Gamma played a role driving price lower to the previous low, before settling.
Range for this session was 54 handles on 1.016 contracts exchanged.
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 zone between (6720) and (6712) which has been fulfilled during yesterday’s decline.
As such, possible scenarios could be a retest of the 6701.75 low, find a buy response, recouping a percentage of the decline.
Also, potential would be to retest 6701.75 and breakdown lower targeting 6685 – 6680 zone.
Stay flexible to the various scenarios, but rigid in the execution of your trade plan.
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 6715+-, initially targets 6725 – 6730 zone.
Bear Scenario: Price sustains an offer below 6715+-, initially targets 6700– 6695 zone.
PVA High Edge = 6754 PVA Low Edge = 6709 Prior POC = 6749
ESZ
Nasdaq (NQ)
Prior Session was Cycle Day 3: Positive Three-Day Cycle as price retested the prior high and was rejected, setting up a short play, that carried price lower fulfilling the 24810 CD1 average decline projection. Heavy concentration of 0DTE Gamma played a role, driving price lower to the previous low, before settling. Range for this session was 245 handles on 551k 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 zone between (24810) which has been fulfilled during yesterday’s decline.
As such, possible scenarios could be a retest of the 24780 low, find a buy response, recouping a percentage of the decline.
Also, potential would be to retest 24780 and breakdown lower targeting 24720 – 24690 zone.
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 24820+-, initially targets 24890– 24920 zone.
Bear Scenario: Price sustains an offer below 24820+-, initially targets 24720 – 24690 zone.
PVA High Edge = 25023 PVA Low Edge = 24833 Prior POC = 24948
NQZ
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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