Cycle Day 1 – “The Calm Before the Fed”
🔗 Key Links:
🎯 Market Overview
Futures opened flat — a collective deep breath ahead of tomorrow’s FOMC decision and the double-feature of Trump–Xi talks + MegaCap earnings (6 of 7 Mag7). Translation: “Today’s mission — don’t blow yourself up before the main event.”
The Gamma Guys Morning Note nailed it early: a 0DTE-dominated drift with a pair of “Seek & Destroy” targets around the Captain Condor (6,895 x 6,840). Overnight strength into 6,880 was, as they put it, a “99th percentile peg job” — short-dated mischief from the option crowd.
⚔️ Session Play-by-Play
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Cycle Day 1 → statistically favors magnitude decline after prior rally.
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LIS set at 6908 — “YUGE” $5B MOC buy area from yesterday — bulls’ Maginot Line.
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Early A4 Discount Long triggered → partial lift, then rotation into A10 short setup.
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Bears briefly flexed…then hit the “meh” button.
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Manny’s intraday clock framed the flow perfectly: midday low → lunch bounce → afternoon chop.
PTG’s midday read:
“Unenthusiastic trading rhythms today…”
“MAKE VOLATILITY GREAT AGAIN (MVGA)”
Preach.
🧩 Key Levels & Flow
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6901 / 6876 – LB&F zones (Look Below & Fail)
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6916 → 6922.75 – magnet targets
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6930–6937 – Gamma resistance cluster
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6934 – SpotGamma Call Wall (monitored, not guessed)
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6942–6945 – Next PTG Target Zone
Afternoon saw price flirt above the Call Wall, then PTG reminded the crew:
“As far as PTG is concerned…NOTHING CHANGES in how we approach and manage trades.”
Discipline over drama.
🔮 Endgame Notes
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MOC: $1.8B Sell imbalance — modest reversal energy into the bell.
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Breadth: Narrow, tech-led. Dow whispered “48k?” while Nasdaq grinned.
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Soundtrack of the Day: Pink Floyd – “Welcome to the Machine” (1975) 🎧
Watch on YouTube
🧠 PTG Takeaway
“Cycle Day 1 set the stage, not the climax.”
With the Fed and Mag7 earnings queued up midweek, today’s drift was the market’s version of a soundcheck — volume low, tension high. Tomorrow, the orchestra plays.