“Bulls Slipping on the Soap — The Pinball Wizard Strikes Again!” 🧼🎯
From overnight carnage to a morning resurrection, followed by an afternoon slip-and-slide and a picture-perfect closing pin.
Welcome to another glorious session at the PTG Trading Office, where the markets are irrational, the algorithms are caffeinated, and the Bulls apparently forgot to purchase non-slip footwear.
🔴 Act I — The Overnight Ambush
The overnight session began with NVDA-related headlines rattling the indexes and sending the Bulls scrambling for cover.
ES surrendered the critical 7635 Line in the Sand (LIS), triggering an aggressive downside auction toward 7585–7565.
The 7585 Average Decline Target was fulfilled before the regular session even got underway.
With Cycle Day 1 downside projections resting at 7550–7542, the Bears had their sights set on lower territory.
Apparently, the Bears didn’t bother knocking.
They kicked in the front door, raided the refrigerator, and left the Bulls holding the grocery bill.
🟢 Act II — The Great Bullish Resurrection
Following the opening bell, the battlefield shifted to the 7600–7625 zone.
Negative gamma positioning added fuel to the volatility furnace, with SpotGamma highlighting negative gamma exposure below SPX 7600, approximately equivalent to ES 7620.
The Bulls finally located their missing backbone.
Price reclaimed 7625, converted resistance into pullback support, and advanced toward the 7642 Prior Close Target.
10:57 AM — TARGET FULFILLED!
Textbook Clear & Convert.
No Hopium. No crystal ball. No need to consult the neighborhood fortune teller.
Just price, structure, and disciplined execution.
The Bears, meanwhile, were reportedly checking the warranty on their recently purchased short positions.
🍔 Act III — Lunchtime: Nothing Burger With Extra Chop
By midday, ES had advanced toward the 7650 handle, where the trading edge began disappearing faster than free donuts at a police convention.
Price entered consolidation.
Momentum stalled.
The auction became increasingly rotational.
PTG Tactical Decision: LUNCH BREAK!
Because sometimes the most profitable trade is the one you don’t take.
Upon returning, the picture had deteriorated.
Market internals were weakening, ES had retreated toward 7625, and the afternoon sandbox narrowed to 7625–7645.
The Bulls were still technically standing.
But somebody had spilled soap all over the trading floor.
🧼 Act IV — Bulls Slipping on the Soap!
As the afternoon progressed, buyers struggled to maintain control.
The earlier recovery was losing its shine, and the market began another downward rotation.
“BULLS SLIPPING ON THE SOAP!”
One moment they were strutting around like Wall Street royalty.
The next, they were performing an involuntary triple axel across the ES order book.
Somebody call OSHA!
Cycle Day 1 had now traversed both upside and downside range projections.
A full-service trading day.
Equal-opportunity punishment.
No Bull or Bear left emotionally unscathed.
🎯 Act V — The Pinball Wizard Takes Center Stage
As the closing bell approached, the auction began revealing its final destination.
The developing Point of Control (POC): 7616.
The anticipated closing pin zone: 7615–7620.
Even a $1.2 BILLION MOC BUY IMBALANCE couldn’t distract us from the key auction reference.
The clock ticked toward 4 PM.
Then, at precisely 3:59 PM…
BOOOOOM! 💥
7616
PINBALL WIZARD STRIKES AGAIN!
Closing POC target tagged in the final minute
You cannot script this stuff.
Well, you could, but Hollywood would reject it for being too unrealistic.
Auction structure. Market Profile. Price acceptance.
The market left its fingerprints all over the crime scene.
And PTG had the evidence.
📊 Cycle Day 1 — Mission Scorecard
| Key Reference | Session Result |
|---|---|
| 7635 LIS | Overnight breakdown |
| 7585 Average Decline | 🎯 Fulfilled |
| 7550–7542 CD1 projection | Downside target zone |
| 7600–7625 | Morning battle zone |
| 7625 reclaim | Clear & Convert |
| 7642 Prior Close | 🎯 Fulfilled |
| 7650 handle | Midday consolidation |
| 7625–7645 | Afternoon sandbox |
| 7615–7620 | Anticipated closing pin |
| 7616 POC | 🎯 Final-minute bullseye! |
🔮 Looking Ahead — RISK-OFF FRYDAY?
Tomorrow brings Cycle Day 2, traditionally associated with the balancing and adjustment phase of our Taylor Three-Day Cycle.
But don’t confuse balance with boring.
With deteriorating market internals, NVDA-related uncertainty, and negative gamma positioning in the mix, volatility could remain elevated.
The immediate battlefield:
Bull Case: Reclaim and sustain acceptance above 7625, opening a potential return toward 7642–7650.
Bear Case: Failure to defend the 7616–7625 reference area invites another challenge of lower support, with 7585 remaining a key downside reference.
The PTG Primary Directive remains unchanged:
Stay aligned with the Dominant Force.
Trade the Triple-A setups.
Respect the hard stops.
And for heaven’s sake…
KEEP THE SOAP OFF THE TRADING FLOOR! 🧼🤣
Because tomorrow is FRYday, and the market may already have the deep fryer warming up.
🔗 PTG Trading Room — Important Links & Images
Featured Image — Bulls Slipping on the Soap
The original illustration referenced during today’s afternoon selloff.
SpotGamma — Negative Gamma Positioning
Market commentary highlighting the SPX 7600 negative-gamma reference.
The Funded Path Workshop — Saturday, November 14
Dani Sittloh and Trade Anchors, noon–2:30 PM ET. Free online workshop and workbook with registration.
PTG Official Resources
PTGDavid | Polaris Trading Group
“Just another day at the trading office. Where probabilities guide us, price pays us, and the Pinball Wizard occasionally makes a guest appearance.”
Risk Disclosure: Futures trading involves substantial risk and is not suitable for all investors. Past performance is not necessarily indicative of future results. All levels and observations above are drawn from the November 12 Trading Room commentary.