Overnight Auction:
Bulls took a joyride into the 6790–6800 upper target zone before promptly dropping the keys and stumbling back toward the 6750 Line-in-the-Sand pre-RTH. That set the tone: flexibility or fragility — pick one.
🐂 Bull Scenario Review
The plan was simple:
Hold 6750 → press back toward 6790–6800.
Reality?
Price spent more time threatening 6750 than embracing it.
Any early optimism evaporated faster than Manny’s weekend vitamins.
Still, dip-buyers did show up at 6740 and again around 6720… but conviction was thin and easily shoved aside.
🐻 Bear Scenario Review
Below 6750, sellers were tasked with tagging 6735–6725.
Mission accomplished with authority — 6735 nailed, 6725 probed, and later in the session the 6714.75 Daily Range Target hit to-the-tick.
Momentum eventually dragged price toward the 6695 neighborhood, with the Cycle Day 1 Average Decline Projection breached, confirming a meaningful sell-short day.
🔥 Intraday Flow & Sentiment Notes
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Opening gap got aggressively bought, mimicking Friday’s squeeze-flavored open — but lacked staying power.
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Manny came back with sharp form, knocking out multiple +30 trades like he never left the dojo.
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AD line strengthened… briefly… before the broader tape turned into a rugby match: mud, bruises, and no clean jerseys in sight.
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6725 repeatedly acted like a trapdoor. Once it gave way, bulls “slipped on the soap” — literally, per David’s graphic cameo.
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Bears did their job through lunch, but Power Hour delivered its trademark late-day pump attempt.
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MOC teased flat… then flipped into a surprise +2.874B Buy imbalance. Market shrugged.
📉 End-of-Day Takeaway
The market completed and then exceeded Cycle Day 1’s expected decline — a clear sign that support may need rebuilding tomorrow. Bulls will require actual conviction, not just reflexive dip-nibbling.