Cycle Day 2 – The Flip-Flop Frenzy
Morning Brief:
The session kicked off under the roar of a Nor’easter — 40 mph winds battering David’s HQ but not the PTG discipline. With markets opening to “emotional” rhythms, Manny called it early: Series S1L, first day of the cycle, least favorite. Translation: volatility, indecision, and traders gripping their coffee cups like they were stress balls.
Early Rhythm & Setup:
Cycle Day 2 played textbook MATD Normal — dip longs into early rhythm patterns. Buyers wrestled control mid-morning, trying to erase Friday’s trauma (PTGDavid: “Forget what happened Fryday… all that matters is the here and now.”).
By 10:00 AM, dip buyers engaged near 6676–6686. Manny took a few body blows before catching a +10 rip, then wisely hit the brakes: “Felt like revenging.”
PTGDavid: “No revenge.”
Trader discipline = intact.
Midday Flow:
Volatility remained brisk — swings wide, rhythm steady. The market danced around Anchored VWAP bands from Friday’s session as David uploaded his signature “on-the-field” tactical chart. Bulls pressed for 6698, the key pivot that defined the afternoon.
Lunch hour calm? Barely.
Afternoon Session:
The “2 PM Shake ’n Bake” arrived right on cue — sellers tried reclaiming control, only to be overrun by a bullish counterattack that retook 6698. The tape turned into a tug-of-war of whipsaws and false breaks. By 3 PM, even PTGDavid called timeout: “Another flip-flop… standing aside.”
Then — boom — MOC BUY $1.8 Billion lit up the tape.
PTGDavid: “They still haven’t learned what the SELL button is for yet!”
PTG Takeaway:
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Cycle Day: 2 – Normal rhythm, choppy structure
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Bias: Buy-the-dip > Fade-the-fomo
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Volatility: Elevated (-GEX confirmed)
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Key Level: 6698 = battle line
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Discipline Quote of the Day: “No revenge.”
Summary:
A day of tactical patience — multiple flips, clean technical reads, and textbook examples of staying calm when the market spins its compass. Those who managed risk and stayed aligned with rhythm found solid trade-plan execution opportunities.
📈 PTG Motto of the Day:
“Trade the now — the past is just noise in yesterday’s candles.”