S&P 500
Vital Notice: We now have begun publishing the PTG Buying and selling Room Each day RECAP which you need to be receiving on the finish of every buying and selling day. This publication is a extra detailed overview of how the buying and selling unfolded all through the day from our viewpoint. It’s an “instructional” complimentary companion for use at the side of the Each day Commerce Technique. It continues to be “work-in-progress”, so please supply suggestions as to content material, fashion and relevance. We’re all the time striving to make PTG Merchandise and Companies the perfect
Prior Session was Cycle Day 3: Constructive 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. Worth decisively reversed path 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 aim for Cycle Day 1 (CD1) is to establish 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 greater, indicating that greater 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 substantiate a breakout.
Key Ranges:
- Major Help: 5785-5795 zone
- Secondary Help: 5755 – 5745 Key Help
- Major Resistance: 5810-5815 zone (Key to breakout and additional highs)
- Earlier Cycle Excessive: Monitor for potential response or rejection on the current All-Time Excessive
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us properly, so keep the course.
As such, eventualities to think about for right now’s buying and selling.
Bull State of affairs: Worth sustains a bid above 5805, initially targets 5815 – 5820 zone.
Bear State of affairs: Worth 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: Constructive Three-Day Cycle because the breakout fulfilled the upside Goal Grasp Degree 3 (20536). In a single day stock was 100% lengthy coming into the RTH session and failed to draw new patrons. Worth decisively reversed path 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 aim for Cycle Day 1 (CD1) is to establish and safe a brand new cycle low from which to rally. Common Decline measures 20112
Key Ranges:
- Major Help: 20315 – 20285 zone
- Secondary Help: 20240 – 20205 Key Help
- Major Resistance: 20407 – 20430 zone (Key to breakout and additional highs)
- Earlier Cycle Excessive: Monitor for potential response or rejection on the current All-Time Excessive
Our self-discipline of sustaining positioning that’s aligned with market forces continues to serve us properly, so keep the course.
As such, eventualities to think about for right now’s buying and selling.
Bull State of affairs: Worth sustains a bid above 20345, initially targets 20407 – 20430 zone.
Bear State of affairs: Worth 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 deal with Bull/Bear Stackers and Premium/Reductions. As all the time, remaining in alignment with dominant intra-day drive will increase possibilities of manufacturing successful trades.
Keep Targeted…Non-Biased…Disciplined ALWAYS USE STOPS!
Good Buying and selling…David
“Realizing shouldn’t be sufficient, We should APPLY. Prepared 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 earnings. Previous efficiency shouldn’t be essentially indicative of future outcomes. There’s 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 Foreign money buying and selling all have massive potential rewards, however additionally they have massive potential threat. You have to pay attention to 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 prone to obtain earnings or losses just like these mentioned on this web page. The previous efficiency of any buying and selling system or methodology shouldn’t 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
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