📝 PTG Market Recap – CD1

Theme: “The Trapdoor Tuesday Flush”

• CPI Surprise: YoY CPI came in hotter (2.7% vs 2.6% forecast), but Core MoM cooled (0.2% vs 0.3%), creating early confusion and whipsaw in premarket flows.

• Early Lean Identified: At 9:47 AM, David marked a Sell-Side Lean, which proved prophetic as bullish attempts were systematically swatted.

• Key Inflection Levels:

  • 6300 dubbed the “Line in the Sand”, initially held.

  • 6315 acted as a magnet and battleground most of the day.

  • 6290 – identified as the trapdoor level – was hit late session as a cluster of stops below lows were taken out.

• Cycle Day 1 unfolded backward: Violation of PDH happened overnight, CD1 low formed late in the session, confirming a classic intraday cycle structure.

Quotes of the Day:

“Better to be patient than BE the PATIENT!”
“Bulls had no real chance… every rally swatted like a fly.”