OP Guest Post: David Dube – Polaris Trading Group

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For a more detailed recap of the trading session, click on this link: Trading Room RECAP 11.12.24

Check out the link to learn more about the Taylor 3-Day Cycle and secure your FREE TRIAL.

 …Transition from Cycle Day 3 to Cycle Day 1

Transition into Cycle Day 1: Today begins a new cycle with the main objective of establishing a secure cycle low from which to stage this cycle’s rally.

Traders will be focused on the CPI print and the read through will be important for markets to handicap the FED’s next interest rate move in December. Trading the CPI day can be challenging with potentially volatile swings as the market absorbs the forward implications.

So with this in mind, our “game-play” will remain true to our discipline in maintaining positioning that is aligned with market forces which continue to serve us well, so stay the course.

As such, scenarios to consider for today’s trading. 

Bull Scenario: Price sustains a bid above 6015, initially targets 6025 – 6030 zone. 

Bear Scenario: Price sustains an offer below 6015, initially targets 5995 – 5990 zone.

PVA High Edge = 6027     PVA Low Edge = 6008         Prior POC = 6024

Thanks for reading, PTGDavid 

Disclaimer: Charts and analysis are for discussion and education purposes only. I am not a financial advisor, do not give financial advice and am not recommending the buying or selling of any security.

Remember: Not all setups will trigger. Not all setups will be profitable. Not all setups should be taken. These are simply the setups that I have put together for years on my own and what I watch as part of my own “game plan” coming into each day. Good luck!