S&P 500 (ES)
Prior Session was Cycle Day 3: Three-Day Cycle Statistic (92.77%) was fulfilled as value rallied above the CD1 Low (6055.50) securing the cycle. Value stays in a “consolidation-phase” with the vary outlined between 6100 – 6175 on the each day time frames as dip consumers stay lively. Vary for this session was 41 handles on 1.5M (cut up quantity) contracts exchanged.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Buying and selling Room RECAP 12.16.24
***NOTE: Contract Rollover to March (H) 2025 from December (Z) 2024 Unfold = 70.25 factors
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: At this time begins a brand new cycle with expectation of late day promoting spilling over into todays session. Common Decline measures between 6131 – 6127 zone.
Odds of Decline > 10 = 79%…> 20 = 56% Common Vary CD1 = 36.61
Key for this week’s buying and selling would be the slew of financial studies: Retail Gross sales; FOMC; Preliminary Jobless Claims; GDP; PCE along with Rollover and OPEX to call a couple of.
PTG’s Major Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, eventualities to contemplate for at the moment’s buying and selling.
Bull Situation: Value sustains a bid above 6145, initially targets 6160 – 6165 zone.
Bear Situation: Value sustains a proposal beneath 6145, initially targets 6135 – 6130 zone.
PVA Excessive Edge = 6156 PVA Low Edge = 6142 Prior POC = 6154
ES (Profile)
Nasdaq (NQ)
Prior Session was Cycle Day 3: Constructive 3-Day Cycle in addition to notching a brand new All-Time Excessive…Tech Sector stays atop of the leader-board because the end-of-the-year “mark-up” section is underway. Vary for this session was 399 handles on 259k (cut up quantity) contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: At this time begins a brand new cycle with expectation of late day promoting spilling over into todays session. Common Decline measures between 22338 – 22326 zone.
Odds of Decline > 10 = 82%…> 20 = 76% Common Vary CD1 = 125.50
Key for this week’s buying and selling would be the slew of financial studies: Retail Gross sales; FOMC; Preliminary Jobless Claims; GDP; PCE along with Rollover and OPEX to call a couple of.
PTG’s Major Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, eventualities to contemplate for at the moment’s buying and selling.
Bull Situation: Value sustains a bid above 22395, initially targets 22415 – 22435 zone.
Bear Situation: Value sustains a proposal beneath 22395, initially targets 22359 – 22330 zone.
PVA Excessive Edge = 22448 PVA Low Edge = 22253 Prior POC = 22403
NQ (Profile)
Financial Calendar
Commerce Technique: Our tactical commerce technique will merely stay unaltered…We’ll be versatile to commerce each lengthy and brief facet from Resolution Pivot Ranges. Proceed to concentrate on Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day pressure will increase chances of manufacturing successful trades.
Keep Centered…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Understanding shouldn’t be sufficient, We should APPLY. Keen shouldn’t be sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “schooling solely” and shouldn’t be considered in any approach as a advice to purchase or promote futures merchandise.”
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS
IMPORTANT NOTICE! No illustration is being made that using this technique or any system or buying and selling methodology will generate income. Previous efficiency shouldn’t be essentially indicative of future outcomes. There may be substantial threat of loss related to buying and selling securities and choices on equities. Solely threat capital ought to be used to commerce. Buying and selling securities shouldn’t be appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have giant potential rewards, however in addition they have giant potential threat. You should pay attention to the dangers and be keen 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.
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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
