Today’s session followed the outline provided in the Daily Trade Strategy (DTS) Briefing closely. The overnight trade drifted lower into the 5775-5770 target zone, fulfilling the Cycle Day 1 Average Decline at 5770. Throughout the AM Session the market remained range-bound, oscillating between the 5775-5785 levels. Despite a few attempts by sellers to push lower, the buyers stepped in to defend the BTFD levels, maintaining a stalemate.

By mid-afternoon, the market experienced some aggressive selling, eventually tagging the 5750 level as predicted in the DTS Briefing’s Bear Scenario. This drop aligned with the downside objective to test the prior session’s low, but despite the bears’ efforts, the bulls made attempts to reclaim higher levels without much success.

The NQ market also followed its Bear Scenario, with price targeting the 20100-20080 zone, showing further market-wide weakness.

For the broader market, it seems we are still within a multi-day consolidation, with any significant breakout attempts stalling for now. Moving forward, bulls will need to reclaim key levels (e.g., 5763-65) to regain momentum, while the bears will likely look to defend and cap rallies to push for further liquidation.