S&P 500
Vital Notice: We’ve begun publishing the PTG Buying and selling Room Day by day RECAP which you have to be receiving on the finish of every buying and selling day. This publication is a extra detailed evaluate of how the buying and selling unfolded all through the day from our viewpoint. It’s an “academic” complimentary companion for use along side the Day by day Commerce Technique. It continues to be “work-in-progress”, so please supply suggestions as to content material, model and relevance. We’re at all times striving to make PTG Merchandise and Companies the easiest
Prior Session was Cycle Day 3: Optimistic Three-Day Cycle because the breakout fulfilled the DTS’ upside goal at 5820 outlined in earlier briefings. In a single day stock was 100% lengthy coming into the RTH session and failed to draw new patrons. Value decisively reversed route throughout opening vary, correcting the stock imbalance. Vary was 51 handles on 1.275 contracts exchanged.
For a extra detailed recap of prior buying and selling session click on on this hyperlink: Buying and selling Room RECAP 9.26.24
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: The first objective for Cycle Day 1 (CD1) is to determine and safe a brand new cycle low from which to rally.
Market Context:
- The market is transitioning from a five-day consolidation sample with a brand new All-Time Excessive in place.
- Worth migration continues increased, indicating that increased costs are being accepted by the market.
- Bulls must defend the 5785-5795 zone on dips to keep up management and ideally reclaim the 5810-5815 space to verify a breakout.
Key Ranges:
- Main Help: 5785-5795 zone
- Secondary Help: 5755 – 5745 Key Help
- Main Resistance: 5810-5815 zone (Key to breakout and additional highs)
- Earlier Cycle Excessive: Monitor for potential response or rejection on the latest All-Time Excessive
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us nicely, so keep the course.
As such, situations to contemplate for in the present day’s buying and selling.
Bull State of affairs: Value sustains a bid above 5805, initially targets 5815 – 5820 zone.
Bear State of affairs: Value sustains a proposal beneath 5805, initially targets 5795 – 5785 zone.
PVA Excessive Edge = 5812 PVA Low Edge = 5789 Prior POC = 5802
ES Chart (Goal Grasp)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 3: Optimistic Three-Day Cycle because the breakout fulfilled the upside Goal Grasp Stage 3 (20536). In a single day stock was 100% lengthy coming into the RTH session and failed to draw new patrons. Value decisively reversed route throughout opening vary, correcting the stock imbalance. Vary was 350 handles on 502k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
This leads us into Cycle Day 1: The first objective for Cycle Day 1 (CD1) is to determine and safe a brand new cycle low from which to rally. Common Decline measures 20112
Key Ranges:
- Main Help: 20315 – 20285 zone
- Secondary Help: 20240 – 20205 Key Help
- Main Resistance: 20407 – 20430 zone (Key to breakout and additional highs)
- Earlier Cycle Excessive: Monitor for potential response or rejection on the latest All-Time Excessive
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us nicely, so keep the course.
As such, situations to contemplate for in the present day’s buying and selling.
Bull State of affairs: Value sustains a bid above 20345, initially targets 20407 – 20430 zone.
Bear State of affairs: Value sustains a proposal beneath 20345, initially targets 20315 – 20285 zone.
PVA Excessive Edge = 20396 PVA Low Edge = 20192 Prior POC = 20346
NQ Chart (Goal Grasp)
Financial Calendar
Commerce Technique: Our tactical commerce technique will merely stay unaltered…We’ll be versatile to commerce each lengthy and brief facet from Choice Pivot Ranges. Proceed to give attention to Bull/Bear Stackers and Premium/Reductions. As at all times, remaining in alignment with dominant intra-day pressure will increase chances of manufacturing profitable trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Figuring out is just not sufficient, We should APPLY. Prepared is just not sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “training solely” and shouldn’t be considered in any approach as a suggestion to purchase or promote futures merchandise.”
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
IMPORTANT NOTICE! No illustration is being made that the usage of this technique or any system or buying and selling methodology will generate earnings. Previous efficiency is just not essentially indicative of future outcomes. There’s substantial danger of loss related to buying and selling securities and choices on equities. Solely danger capital needs to be used to commerce. Buying and selling securities is just not appropriate for everybody.
Disclaimer: Futures, Choices, and Foreign money buying and selling all have massive potential rewards, however in addition they have massive potential danger. You could concentrate on the dangers and be prepared to just accept them with a purpose to spend money on these markets. Don’t commerce with cash you possibly can’t afford to lose.
This web site is neither a solicitation nor a proposal to Purchase/Promote futures, choices, or currencies. No illustration is being made that any account will or is more likely to obtain earnings or losses just like these mentioned on this website. The previous efficiency of any buying and selling system or methodology is just not essentially indicative of future outcomes.
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
