S&P 500
Prior Session was Cycle Day 2: Regular CD2 session as value quickly “peeked-above” the PH (6102.25) and reversed again under, then consolidated for the rest of the day. That is now coined: “Peek-a-Boo” Setup (see recap under). Vary for this session was 25 handles on 1.036M contracts exchanged.
For a extra detailed recap of the buying and selling session, click on on this hyperlink: Trading Room RECAP 12.5.24
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Worth has fulfilled key 3 Day Cycle targets, so so long as value trades above CD1 Low (6063) the cycle statistic (92.50%) shall be happy.
Having closed within the decrease quartile of the times vary close to the low, promoting could spill-over into at present’s session.
Worth closed into the 6080 decrease goal outlined in prior DTS Briefing 12.5.24, so we are going to use this degree as at present’s Line within the Sand (LIS).
PTG’s Major Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, situations to contemplate for at present’s buying and selling.
Bull Situation: Worth sustains a bid above 6080, initially targets 6090 – 6095 zone.
Bear Situation: Worth sustains a suggestion under 6080, initially targets 6070 – 6065 zone.
PVA Excessive Edge = 6100 PVA Low Edge = 6091 Prior POC = 6095
ES (Profile)
Nasdaq 100 (NQ)
Prior Session was Cycle Day 2: Regular CD2 session as value quickly “peeked-above” the PH (21548.50) and reversed again under, then consolidated for majority of the day, with a late day sell-down to shut close to the low of the day. Vary for this session was 129 handles on 412k contracts exchanged.
…Transition from Cycle Day 2 to Cycle Day 3
Transition into Cycle Day 3: Worth has fulfilled key 3 Day Cycle targets, so so long as value trades above CD1 Low (21305.75) the cycle statistic (92.50%) shall be happy.
Having closed within the decrease quartile of the times vary close to the low, promoting could spill-over into at present’s session.
Worth closed into the 21450 prior decrease goal outlined in prior DTS Briefing 12.5.24, so we are going to use this degree as at present’s Line within the Sand (LIS).
PTG’s Major Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, situations to contemplate for at present’s buying and selling.
Bull Situation: Worth sustains a bid above 21450, initially targets 21490– 21525 zone.
Bear Situation: Worth sustains a suggestion under 21450, initially targets 21400 – 21387 zone.
PVA Excessive Edge = 21534 PVA Low Edge = 21488 Prior POC = 21526
NQ Chart (Profile)
Financial Calendar
The Bureau of Labor Statistics’ month-to-month jobs report, slated for launch at 8:30 a.m. ET on Friday, is anticipated to indicate nonfarm payrolls rose by 215,000 in November whereas the unemployment price held regular at 4.1%, in line with consensus estimates compiled by Bloomberg.
In October, the US financial system added simply 12,000 jobs amid varied disruptions to financial exercise whereas the unemployment price stood at 4.1% for a second straight month.
Forward of Friday’s report, Goldman Sachs economists advised purchasers they’re anticipating a “post-hurricane rebound.”
“Payroll progress in states impacted by Hurricanes Helene and Milton decelerated by roughly 70k in October,” Goldman Sachs economists Ronnie Walker and Jessica Rindels wrote. “Knowledge from Homebase recommend that the results of the hurricanes had largely reversed by early November, which we anticipate will increase November payroll progress by 50,000.”
Listed below are the important thing numbers Wall Road shall be on Friday, in line with knowledge from Bloomberg:
Nonfarm payrolls: +215,000 vs. +12,000 beforehand
Unemployment price: 4.1% vs. 4.1% beforehand
Common hourly earnings, month over month: +0.3% vs. +0.4% beforehand
Common hourly earnings, yr over yr: +3.9% vs. +4% beforehand
Common weekly hours labored: 34.3 vs. 34.3 beforehand
Commerce Technique: Our tactical commerce technique will merely stay unaltered…We’ll be versatile to commerce each lengthy and quick facet from Resolution Pivot Ranges. Proceed to deal with Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day pressure will increase possibilities of manufacturing successful trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Figuring out will not be sufficient, We should APPLY. Keen will not be sufficient, We should DO.” –BR
*****This commerce technique report is disseminated for “training solely” and shouldn’t be considered in any method 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 using this technique or any system or buying and selling methodology will generate earnings. Previous efficiency will not be essentially indicative of future outcomes. There may be substantial danger of loss related to buying and selling securities and choices on equities. Solely danger capital must be used to commerce. Buying and selling securities will not be appropriate for everybody.
Disclaimer: Futures, Choices, and Forex buying and selling all have giant potential rewards, however in addition they have giant potential danger. You should concentrate on the dangers and be prepared to simply accept them with a purpose to spend money on these markets. Don’t commerce with cash you’ll be able to’t afford to lose.
This web site is neither a solicitation nor a suggestion 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 much like these mentioned on this web page. The previous efficiency of any buying and selling system or methodology will not be 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
