Important Note: We have begun publishing the PTG Trading Room Daily RECAP which you should be receiving at the end of each trading day. This publication is a more detailed review of how the trading unfolded throughout the day from our viewpoint.
It is an “educational” complimentary companion to be used in conjunction with the Daily Trade Strategy. It continues to be “work-in-progress”, so please offer feedback as to content, style and relevance. We are always striving to make PTG Products and Services the very best in-class.
All Risk Disclosures found throughout this website applies equally to the daily recap publication.
The trading session was dominated by the Triple Options Expiration (TOPEX), with a critical level set at 5775 as the “line in the sand.”
Early pre-RTH activity saw the initial downside target of 5760 fulfilled, prompting a strong buy response from market participants.
Throughout the morning, the market followed anticipated rhythms, with a distinct short-side bias, as price action tested the lower target zone between 5760-5755.
PTGDavid emphasized the continuation of short positions until a clear structural shift to a bullish sentiment emerged.
Key technical levels were highlighted, including the prior session’s low at 5748 and the weekly midpoint at 5733, which became pivotal as buyers stepped in around this zone.
A notable V-bottom formation confirmed the expected buying interest, pushing prices back towards the 5755 Mid POC-VWAP zone.
As the session progressed, price strength returned, signaling a potential continuation of bullish momentum into the close.
The latter part of the session, particularly post-lunch, saw price volatility increase during the “Witching Hour” as bids intensified, driving prices back through the opening range.
Heading into the final minutes, market-on-close (MOC) imbalances were absorbed, flipping from a $7 billion sell imbalance to a $2.4 billion buy imbalance, culminating in a close at 5762—well within the opening range.
This session reflected the typical dynamics of a TOPEX day, with strategic short-term shifts and tactical trading opportunities driven by key technical levels.