🔑 Key Links
🌅 Morning Session
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GOOGL Catalyst: +6% premarket on favorable court ruling, boosting Mag 7 and lifting futures.
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Gamma Guys Note: Bulls hold advantage >6,400 SPX. Clean econ data could drive contraction in implied vols → path toward 6,550–6,600. Below 6,400 flips risk-off.
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Overnight Rally: Extended late-day momentum, nailing the 6,455–6,465 Bull’s Eye Target Zone with “ultra precision.”
📈 Trade Scenarios
Manny’s Playbook:
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✅ Reclaim Long: ES >6466 (SPX 6450) → Targets 6483 ES / 6516 ES.
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✅ Continuation Long: ES consolidates >6456 (SPX 6440) → Targets 6466–6483 ES.
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✅ Support Buy: ES 6438 hold with delta stabilization → Stop <6436.
Market Notes:
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Early failed cycle (CD1 low rejection at 6455.50) – a rare 9% event historically. Could be negated if level reclaimed.
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PTG highlighted Fair Value Gap tools (new NinjaTrader indie).
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Mindset reminder: limit stop-losses to avoid tilt – “Machines don’t tilt, but humans do.”
🔄 Midday Action
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Morning rhythms treated as MATD (Morning-After Trend Day) MATD Glossary.
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Heavy discussion on Gamma Zones:
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Buyers worked through HVN/Gamma resistance before reversal attempts.
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David checked out for lunch break 🥪:
📉 Afternoon Session
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6425 LIS tested, defended, and ultimately fueled a late-day “Big Boys” ripper into the close.
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Closing Flows:
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$4.6B MOC buy imbalance → over $10B in first two trading days of September.
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Mutual funds actively accumulating.
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SpotGamma flagged $3B positive 0DTE flow in final 20 minutes.
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Final Note: “If you are not watching the Options Flow, you are toast.”
⚔️ Recap Summary
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Bulls defended key LIS 6425 and used 0DTE & MOC flows to launch into the close.
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Gamma Zones provided both resistance and fuel for reversals.
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Vol contraction path still in play – upside targets remain 6,550–6,600 if SPX stays above 6,400.
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Strong institutional participation (mutual funds + options flows) kept buyers in control.