Morning Session:
The session opened with an overnight “Look Above and Fail” pattern, where bulls attempted but failed to maintain prices above the prior two-day highs, pushing the market back into its previous range. The Positive 3-Day Cycle, boasting a 92% historical accuracy, remained intact.

However, PTGDavid highlighted the need for bulls to decisively clear and establish recent highs as support for further upward movement. Absent this, a retracement to prior levels was anticipated.

Mid-Morning Developments:
By mid-morning, PTGDavid reported the fulfillment of the Bear Scenario from the DTS Briefing, as prices maintained a move below the critical 5880 level, targeting the 5865–5860 range. The Open Range midpoint (5845) held as an effective support zone, prompting a strategic “BLT Long Trade” entry.

Subsequent price movement realigned market sentiment to favor the long side on dips as prices rebounded, testing key zones between 5860 and 5880.

Afternoon Update:
As the afternoon session unfolded, 5885 emerged as a formidable resistance (“hard wall”), with multiple bullish attempts meeting rejections. PTGDavid noted heavy two-way trading activity around this level, keeping the market in a tight “sandbox zone” (5875–5885) as bulls struggled to break through.

By late afternoon, the Market-On-Close (MOC) imbalance flipped from a $564 million buy to a significant $1 billion sell, signaling notable bearish pressure.

Session Close:
The market closed in the day’s lower quartile, indicating a weak close and confirming the market’s reluctance to hold higher levels. PTGDavid concluded with insights on key levels and the importance of upcoming sessions to determine if bulls can regain momentum or if sellers will continue to dominate.

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This recap provides a structured, strategic summary of PTGDavid’s key insights and technical observations, delivering a clear view of market action and sentiment throughout the session.