Today’s session was characterized by choppy, range-bound price action, with key support at the 5740–5735 zone and the Line in the Sand (LIS) at 5760 repelling any bullish momentum. There were multiple buy responses from the lower support levels, but no clear directional movement developed, leaving the market stuck in a stalemate. A tape bomb related to potential geopolitical news likely added some volatility, but it didn’t result in a major breakout.

Traders were advised to be nimble or remain on the sidelines as the range-bound conditions and lack of a clear edge limited opportunities. PTGDavid noted that the Jobs Report on Friday could act as a potential catalyst to break this logjam and emphasized caution, recommending traders save their “trading powder” for clearer opportunities.

As the day ended, there was a notable MOC (Market on Close) buy imbalance of $1.3 billion, which brought price back to VWAP around 5745.