🌭 “Hot Dog Day!” in the Markets
On this Cycle Day 2, PTGDavid kicked off the session with a clear directive: anticipate early MATD rhythms, and stick to the AAA setups only. The market played true to script—snappy, trappy, algo-driven swings kept retail traders sweating like hotdogs on a summer grill.
With no major data on deck, and SPX vol drifting lower post-Monday’s pullback, the Gamma Guys’ Note kept the dip-buyers feeling bold—as long as 6,200 held.
“The market is the master, and you are the follower,” David reminded, urging discipline over desire.
By late morning, the 6270 Line in the Sand (LIS) held firm, and bulls made their move off the 6263 prior close, shifting the bias long.
🔁 Precision Strike:
-
Upside Target: 6290 was missed by just 3 ticks
-
Downside Target: 6255 was exceeded by 4 ticks
= Mission Accomplished.
🔄 Market Theme: “Snappy Trappy Swings”
Retail traders battled in chop, while seasoned pros sat in the stands, bun in hand.
📸 Recap Visuals:
🔥 Final Notes:
-
Trump threw in a midday sizzle: Tariff Deadline (Aug 1) won’t be extended.
-
MOC: $1.1 Billion Buy Imbalance
-
PTGDavid, like a Zen master at a BBQ, said: “That hot dog was sure delicious.”
-
Tomorrow brings Wacky Wednesday—bring your seatbelt and your strategy.
🧠 Educational Takeaway:
“Discipline trumps desire.”
If the rhythm doesn’t match your method, sit it out. The goal is not to trade, but to trade well.