- Early Session (Pre-Market and Opening):
- PTGDavid noted that bulls were maintaining control with prices staying above the 5850 level, hitting an initial upside target of 5860-5865 per the Daily Trade Strategy Briefing.
- The “Line in the Sand” zone was identified between 5845-5850, indicating a crucial support area.
- Market Analysis and Strategy:
- Emphasized the importance of sustaining buying momentum above key support zones to maintain the bullish trend.
- Mentioned “Long Lean” bias, suggesting a preference for long positions unless a structural market shift occurred.
- Commented on various targets being met across different assets, such as Crude Oil (CL), Nasdaq (NQ), and the S&P (ES) Open Range Breakout Strategy trades.
- Regularly referred to the “Cycle Days,” using them to guide trading strategies, including call option plays from Cycle Day 1 to Cycle Day 3.
- Technical Indicators and Key Levels:
- He highlighted key trading levels like 5865-5870, 5890-5900, and 5915 as important zones for traders to monitor.
- Discussed Open Range Breakout strategies and mentioned technical levels like POC, IB High, and ATR7.
- Used these markers to guide trading decisions and indicate potential shifts in market momentum.
- End-of-Day Commentary:
- Observed a low-volume grind with bulls in control and suggested focusing on long positions during pullbacks.
- Noted the achievement of the 5915 target, fulfilling the Three-Day Cycle objective.
Overall, PTGDavid’s comments provided real-time market updates, technical analysis, and trading strategies aimed at capitalizing on intraday trends.