Cycle Day 1 – The Rugby Match from Hell
From the opening bell, the tape came out swinging like it had just watched Rocky I–IV on 2x speed. What should’ve been your standard Cycle Day 1 weakness morphed into a full-contact Rugby Match inside the 6665–6685 zone, complete with bruised egos, broken entry signals, and a few NinjaTrader-induced panic attacks.
Morning Chaos – Platform Mayhem Edition
NT connections were dropping harder than weak-handed longs. One member’s order rejected, another stuck unable to flatten, and a third shouting “DON’T DISCONNECT!” like they were defending the red wire on a bomb.
DeltaTrader worked… Sierra worked… NT decided it wanted the day off. Classic.
Market Tape – Fast, Snappy, and Unforgiving
Volatility fired off 10-point slaps in under a heartbeat. You either:
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Got green and stayed green
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Or got caught staring at the chart like it was in ancient Sanskrit
The Bulls made several attempts to reclaim turf, but every rally attempt was met with Bearish discipline and a brick wall at 40–45. The inability to hold above ONL and to even peek back into value told the whole story.
Midday – The “Follow the Bouncing Ball” Period
Momentum shifted back and forth like a caffeinated ping-pong match. David called it right — lean sell side until they lose control, then flip long on pullbacks. But hesitation today? Fatal.
Tape was fast. Rhythms were “squirrelly.” If your finger wasn’t already on the trigger, you were already late.
Afternoon – The Great 6665–6685 Slaughterhouse
This 20-point zone became an all-out slugfest. One of the most brutal back-and-forth scrums we’ve seen in weeks. Every attempt to reclaim 6658.50? Rejected. Every bounce attempt? Clubbed.
The Kill Shot: MOC Sell Imbalance
Just when the Bulls were gasping for oxygen…
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$2.9B MOC Sell
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Then $4B
Game over. Bears win by TKO.
Cycle Day 1 Conclusion
Classic CD1 weakness — Bulls failed again to reverse the underlying selling pressure. The flows, the imbalances, the value structure… all pointed one way today.
Bears: 1
Bulls: 0
Traders: Bruised but wiser