S&P 500 (ES)
Prior Session was Cycle Day 3: The Wild-Card Went Full Mad Max
If you came into today expecting a typical CD3 “Wild-Card” session, congratulations — Today’s tape didn’t just swing — it whipped, snapped, buckled, and dragged traders across the floor like a barroom brawl at closing time.
WHY are markets crashing? Our logical explanation:
There is quite literally only ONE headline that can even be partially blamed for such a sudden market crash. At 11:20 AM ET, the US Labor Department said the November and October employment “situation” will be released on December 16th.
Read more: @KobeissiLetter
Range was 240 handles on 1.974M contracts exchanged
For greater detail of how this day unfolded, click on the Trading Room RECAP 11.20.25 link.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: CAPITAL PRESERVATION DAY“
The prior cycle day was nothing short of a clinic on just how fragile market internals and trader psychology really are—especially when juiced with a full tank of 0DTE nitro.
As covered in the RECAP, there are plausible explanations for the sharp liquidation wave, though none rise to the level of absolute truth. But one reality stands undefeated:
Fade directional momentum on a day like that, and both your P/L and your mental capital will be stretchered off the field.
Days like this are where the PTG doctrine shines brightest:
“Align with the Dominant Force.”
Break that rule, and you’re not trading—you’re volunteering for a financial disciplinary hearing.
And then comes Fryday…
AKA Capital Preservation Day, where survival takes precedence over swagger. With volatility still swirling like an F5 liquidity funnel cloud, the best trade may very well be the one you don’t take.
Heroes Need Not Apply.
Only disciplined, qualified personnel permitted beyond this point. Everyone else may report to the sidelines for mandatory observation and deep breathing drills.
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 6575+-, initially targets 6595 – 6615 zone.
Bear Scenario: Price sustains an offer below 6575+-, initially targets 6550 – 6540 zone.
PVA High Edge = 6723 PVA Low Edge = 6550 Prior POC = 6595
ESZ
Nasdaq (NQ)
Prior Session was Cycle Day 3: “The Buffet Became a Bloodbath”
CD3 didn’t just deliver the classic two-sided buffet — it rolled out the carving knives and invited both camps to gorge themselves. And gorge they did.
Both the upside and downside Statistical Extreme Zones were tagged with precision, right before the session detonated into a full-blown Outside Reversal Day that swallowed the prior four sessions whole. Price didn’t just fade into the close — it limped across the finish line dragging an oxygen tank.
Da Bears walked away with this grudge match in dominant fashion.
Da Bulls? Skewered like a roadside trophy in a Mad Max Matador showdown — horns, hide, and hope all left scattered on the battlefield.
And the aftermath?
A MAGS-7 demolition trail so ruthless that Portfolio Managers and Traders were left fumbling for a tourniquet, tour guide, or time machine — anything to halt the bloodletting.
Range for this session was 1236 handles on 975k contracts exchanged.
…Transition from Cycle Day 3 to Cycle Day 1
Transition into Cycle Day 1: The Bulls stagger into today’s session still patching up wounds from yesterday’s Mad Max Matador massacre.
Price is now camped uncomfortably close to the October swing low — a spot where Bulls either muster a counter-charge or quietly limp into the weekend, hoping the Thanksgiving-shortened week delivers something kinder than this week’s steel-toed mood.
Truth is… there isn’t much color left to paint on this week’s canvas of carnage. PTG’s stance remains the same:
Discipline. Risk control. Only AAA-Plus setups.
It’s Capital Preservation FRYday — the kind of session where pros survive not with bravado, but with restraint. Protect the account so you can trade tomorrow… next week… next month… and for many years ahead.
Survive → Advance.
Live to take the good shots, not the desperate ones.
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 24200+-, initially targets 24395 – 24445 zone.
Bear Scenario: Price sustains an offer below 24200+-, initially targets 24020 – 23905 zone.
PVA High Edge = 25308 PVA Low Edge = 244433 Prior POC = 25203
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.
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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