Morning Session:
PTG David began the day with a focus on disciplined trading principles, emphasizing adherence to criteria and rules for entering and exiting trades. The initial session highlighted the fulfillment of a key NQ (Nasdaq futures) rally target at 22,374, setting a constructive tone for the day’s analysis. Early discussions centered on price action around the Line in the Sand level (6,125) and initial three-day cycle patterns.

Market Dynamics:
Throughout the day, David provided real-time insights on price movements and key technical levels:

• Buyers and sellers alternated control during volatile intraday sessions.
• Significant emphasis was placed on NQ’s interaction with prior day lows and volume-trigger levels, reflecting key support/resistance zones.
• Midday commentary flagged a range-bound, “waffley” cycle action ahead of the FOMC announcement, indicating cautious sentiment.

FOMC and Reaction:
Following the Federal Reserve’s expected 25bps rate cut, David identified immediate market reactions, including:

• Initial sell-offs as lower target zones were fulfilled.
• Discussions on gamma implications and the fulfillment of one standard deviation moves.
• A pronounced sentiment shift, with declining stocks significantly outpacing advancers.

End-of-Day Reflections:
David highlighted key takeaways from the day:

• The tech-heavy sell-off (“Tech Wreck”) was led by names like TSLA, Google, and Amazon, with MOC sell imbalances totaling $4.1 billion.
• Market Maker positioning was a focal point in handling large sell imbalances, reinforcing the importance of understanding institutional flows.
• Noted sector performance shifts, emphasizing the broader impact of the FOMC decision.

Key Insights:

• The market’s reaction to the Fed decision reflected a shift in sentiment, with volatility likely to expand in subsequent sessions.
• Caution was advised when considering trades following the Fed announcement, given the complexity of cycle responses and sentiment changes.

David concluded with a reminder of the importance of preparation and discipline, encouraging the team to rest and gear up for what promises to be an active trading session tomorrow. His use of screenshots and technical references provided valuable context and actionable insights for the trading community.