Morning Session:
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- The day started with a strong bullish bias as both ES and NQ met their initial target zones early in the session.
- David emphasized the bullish structure, with price sustaining above key levels and volume validating the moves.
- Cycle Day 2 (CD2) targets were quickly hit, and the market continued to grind higher.
- A brief bear shift off the highs was noted, but the market remained resilient.
- Around 11:30 AM, the 3-day cycle target of 5607 was fulfilled, and new higher targets (5638-5646) were set.
- David proclaimed, “Bulls own FRYDAY!”
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| Afternoon Session: |
- After a lunchtime break, the session slowed down, but key decision levels near prior highs kept traders engaged.
- Buy programs dominated, keeping the market in an upward trajectory.
- The “Power Hour” saw bulls take full control, pushing for a strong weekly close.
- The session ended with a “Dip Rip” into the close, solidifying the bullish dominance for the day.
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| Key Lessons & Takeaways: |
- Precision in trade strategy was evident as the morning targets were spot on, reinforcing the importance of defined setups.
- Volume confirmation played a key role, as David highlighted the importance of validating targets with volume.
- Recognizing the difference between a slow grind and fast moves helped in timing entries and exits.
- Staying adaptable was important when the bear shift off the highs was noted, but traders remained focused on structure instead of reacting emotionally.
- The last hour of trading can shift dynamics quickly, as seen with the closing ripper.
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| Final Reminder: |
- Monday marks the rollover to June (M) contracts – adjust accordingly.
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| Overall, a fantastic day for bullish traders. |
