Overnight
- Both downside target 7390 and upside target 7445 were fulfilled precisely from the Daily Trade Strategy.
- Market entered RTH after completing both sides of the overnight auction.
Early Session
- Initial strength pushed toward the prior highs.
- 7465 target was achieved shortly after the open.
- Price challenged the Prior High (7476) area before stalling.
The Key Tell
- Market pushed above the Cycle Day 2 high…
- Failed to attract sustained buying…
- Reversed sharply lower.
This was the exact scenario discussed repeatedly:
“Push above the CD2 High… FAIL and REVERSE… Then the next cycle decline begins to unfold.”
⚡ D-Level Dominance
The PTG D-Level framework was center stage today:
- D-Level resistance provided outstanding short opportunities.
- Multiple members capitalized on BLT and reversal setups.
- The market transitioned into what David described as a:
“Range Runner Day”
with price traversing large portions of the established trading range.
🩸 Liquidation Phase
As the morning progressed:
- Sellers regained control.
- Liquidation accelerated.
- Prior Day Low became an important magnet.
- The Cycle Day 3 Violation Zone came into focus.
The market essentially completed the classic Cycle Day 3 script:
- Probe higher
- Trap late buyers
- Reverse lower
- Begin repricing inventory
🐎 Sea Biscuit Finally Left the Stable
The afternoon was characterized by patience as traders waited for the long setup at lower D-Levels.
As one member joked:
“Time to give Sea Biscuit mouth to mouth.”
Eventually the market responded and the anticipated bounce materialized.
🚀 Closing Bell
The day ended with:
- MOC Buy Imbalance: +$6 Billion
- Strong end-of-day buying pressure
- Evidence of institutions accumulating inventory into weakness
David’s closing observation summarized the session perfectly:
“Market is a Giant Wealth Distribution Game… From the Weakest Hands into the Strongest Hands.”
🎯 Cycle Day Takeaway
Cycle Day 3 Scorecard
✅ Overnight targets fulfilled
✅ Prior high probe completed
✅ Failed breakout developed
✅ Liquidation break unfolded
✅ D-Level framework performed exceptionally well
✅ Institutional buy programs appeared into the close
Theme of the Day:
🔥 “Jam’em and Slam’em”
Run the breakout traders into the highs… run the weak longs out into the lows… then let the institutions reload inventory before the bell.