S&P 500 (ES)
Prior Session was Cycle Day 2: Cycle Day 2 delivered a heavy-handed bear session dominated by long liquidation pressure. Overnight, bulls failed their mission to reclaim the 6700–6705 resistance zone, teeing up short plays right from the open. A textbook Head & Shoulders setup on the 60-minute chart gave bears the edge, with the neckline at 6678 serving as the tripwire for downside momentum.
Range was 81 handles on 1.634M contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Weakness during the prior session has set up the challenge to reclaim the lost CD1 Low (6678). Historical odds favor this outcome with a 91.28% Three-Day Cycle Statistic.
The late day bounce may provide ample energy for a recovery. This will be an important test as trendline resistance will cross path with the CD1 Low (6678).
This has been a rocky week for many traders, both long and short. So given it is FRYday, we refer to this day as CAPITAL PRESERVATION DAY! Meaning, if you have had a rewarding trading week, then perhaps throttle it back a bit. If you have struggled, then do not try to make up for lost ground. Remember, the market and trading is an endless river of opportunities. Key is that you must be in the proper mindset and be relaxed while “fishing” for the next trade.
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 6660+-, initially targets 6675 – 6680 zone.
Bear Scenario: Price sustains an offer below 6660+-, initially targets 6650 – 6645 zone.
PVA High Edge = 6672 PVA Low Edge = 6649 Prior POC = 6660
ESZ
Nasdaq (NQ)
Prior Session was Cycle Day 2: Cycle Day 2 delivered a heavy-handed bear session dominated by long liquidation pressure. Overnight, bulls failed their mission to reclaim the 24785 – 24800 resistance zone, teeing up short plays right from the open. A textbook Head & Shoulders setup on the 60-minute chart gave bears the edge, with the neckline at 24627 serving as the tripwire for downside momentum.
Range was 371 handles on 687k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Weakness during the prior session has set up the challenge to reclaim the lost CD1 Low (24627). Historical odds favor this outcome with a 91.28% Three-Day Cycle Statistic.
The late day bounce may provide ample energy for a recovery. This will be an important test as trendline resistance will cross path with the CD1 Low (24627).
CAPITAL PRESERVATION DAY!
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 24625+-, initially targets 24660 – 24705 zone.
Bear Scenario: Price sustains an offer below 24625+-, initially targets 24565 – 24530 zone.
PVA High Edge = 24672 PVA Low Edge = 24532 Prior POC = 24622
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.
Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose.
This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 –HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN