Market Recap – PTGDavid’s Trade Strategy and Execution (March 20, 2025)

PTGDavid provided detailed market insights and real-time trade updates throughout the trading session, highlighting key levels, trade strategies, and price action dynamics. Below is a recap of the day’s notable developments and insights:

Morning Session

• PTGDavid outlined the Daily Trade Strategy, identifying a bull scenario where sustained bids above 5730 would target 5760-5770, and a bear scenario where offers below 5730 would target 5705-5695.
• Early market action confirmed the bull scenario, with price maintaining strength above 5730, reaching the 5760 target.
• Various pivot levels were monitored, with a specific callout for 5734 as a possible support pivot, which held firm before price continued higher.
• Market action showed bulls in control, running higher with minimal resistance.
• The Cycle Day 3 High-Low Range Projection was fulfilled, confirming expected market movements.

Midday Session

• PTGDavid noted a shift to two-way price action, as Point of Control (POC) moved to 5754, indicating a balance between buyers and sellers.
• The market began mean-reverting towards VWAP, signaling a shift from trending to range-bound conditions.
• A backtest of the 5735 pivot was observed, reinforcing its validity as a key level for reversals and targets.
• With lunch approaching, traders were advised to remain flexible, as midday sessions often bring lower volume and choppy price action.
• By 12:23 PM, the mean reversion to VWAP was complete, validating the pivot-based strategy.

Afternoon Session

• Returning from lunch, PTGDavid assessed the potential for new trade opportunities, but noted a choppy market structure.
• A triple bottom around 5705-5706 was highlighted, reinforcing this level as an area of interest.
• The market continued with range-bound rhythmic movements, as noted by a reference to “Range Runner Rhythmic Day.”
• Later, a rally back to VWAP was observed, suggesting another opportunity for mean reversion traders.
• PTGDavid reported a Market-on-Close (MOC) buy imbalance of $1.1 billion, indicating potential late-session strength.
• The session concluded with prices closing around mid-range, suggesting a neutral end to the day’s trade.

Educational Takeaways

• Pivot Levels Matter: Levels such as 5734 and 5735 played a critical role in trade decisions, confirming the importance of pre-defined support and resistance.
• Mean Reversion is a Powerful Tool: The move back to VWAP validated this strategy for traders looking to capitalize on price equilibrium.
• Market Structure Awareness: Recognizing when the market is trending versus range-bound is key for adjusting strategies accordingly.
• POC Shifts Indicate Balance: A shift in POC to 5754 suggested changing market sentiment, providing clues for future moves.
• Institutional Order Flow Matters: The MOC buy imbalance hinted at institutional activity that could impact late-session movements.

Overall, PTGDavid’s insights provided traders with a structured approach to navigating the market using key levels, trend assessments, and market structure dynamics.