S&P 500 (ES)
Prior Session was Cycle Day 3: Positive Three-Day Cycle as price recovered the CD1 Low (6678) securing the 91.33% historical cycle statistic.
P > CD1 Low on CD3.
Overall the prior week was a corrective downswing which found ample responsive buyers at the 50-DEMA (6630) on Cycle Day 2 Extreme Violation Level.
Those trading the Cycle know this is my favorite structural set up for playing Long Call / Short Put for high percentage CD1 Low recovery (91.33%)
Note: “Not a Trade Recommendation!”
Range for this session was 50 handles on 1.274 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 (6665) and (6650) which has been fulfilled during the prior session.
Outgoing bullish momentum may spill over into today’s session, though there are plenty of potential overhead resistance zones that the bulls would need to aggressively navigate.
Normal for CD1 would be some magnitude decline, perhaps to retest of the average decline zone noted above.
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 6695+-, initially targets 6705 – 6710 zone.
Bear Scenario: Price sustains an offer below 6695+-, initially targets 6680– 6675 zone.
PVA High Edge = 6699 PVA Low Edge = 6671 Prior POC = 6695
ESZ
Nasdaq (NQ)
Prior Session was Cycle Day 3: Positive Three-Day Cycle as price recovered the CD1 Low (24627) securing the 91.33% historical cycle statistic. Range for this session was 227 handles on 542k 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 (24611) which has been fulfilled during the prior session.
Outgoing bullish momentum may spill over into today’s session, though there are plenty of potential overhead resistance zones that the bulls would need to aggressively navigate.
Normal for CD1 would be some magnitude decline, perhaps to retest of the average decline noted above.
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 24725+-, initially targets 24780– 24810 zone.
Bear Scenario: Price sustains an offer below 24725+-, initially targets 24670 – 24635 zone.
PVA High Edge = 24697 PVA Low Edge = 24572 Prior POC = 24603
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