“Mutual Fund Monday flowed into Continuation Tuesday like a well-oiled algo.”
🌅 Early Bird Session (6:30 AM – 8:30 AM)
PTGDavid was wide awake and caffeinated as always, serving up hot links before the market bell even rang:
🔗 Polaris Trading Group
🔗 Daily Trade Strategy
🔗 Daily Range Calculator
📜 CFTC Rule 4.41 Disclaimer
-
The overnight ES dip took us straight to the DTS-forecasted 5915 target. Precision, thy name is PTG.
-
Cycle Day 1 kicked off, with its average decline projection pegged at 5917.50, also tagged to the tick.
-
PTGDavid dropped his usual reminder:
“Always stay in alignment with the Dominant Force… and for the love of your account, use hard stop-losses.”
🖼️ Chart: Initial LIS recovery
⚖️ Bullish Balance & LIS Ballet (9:00 AM – 10:30 AM)
-
Price tested and held both 5935 LIS and the prior 5915 LIS, establishing firm bull footing.
-
Bulls had “early ball control,” and frankly, they never fumbled it.
-
Video plug:
📹 Mark Douglas – Why 95% of Traders Fail
Watch Here
Barbara Lopez, as always, brings the cheer: “Wow!”
🖼️ Chart: LIS Backtest Victory
🎸 Rock ‘n’ Roll Trading (10:30 AM – 11:30 AM)
Things got a little musical as David posted a Jimmy Page doppelgänger meme during a clean bullish grind.
🖼️ Jimmy Page Trader?
Image Here
-
ES blew through 5950-5955 targets ✔️
-
D-Level and Cycle Day 1 Penetration levels (5967.50 and 5969.55) fulfilled with surgical precision.
-
PTGDavid:
“Grinder rhythm today”
🖼️ Grindstone Trader Image
🍴 Lunchtime Levitation (12:00 PM – 2:00 PM)
-
David dipped out for dockside dining but left us with a full course meal of insight:
-
5990 = major resistance ✔️
-
Possible retrace incoming, but bull lean remains
-
ATR Bull Target: 6003
🔗 Range Calculator
-
-
SPX, SPY, NQ/QQQ all took out May highs. ES, the stubborn sibling, lagged but played catch-up later.
-
Blibby71 and DanV chimed in with historical seasonality alpha:
“When May’s good, the rest of the year averages +7.83% since 1953.”
🖼️ Precision Party:
Chart
“Price tagged 5990.44 Penetration Level precisely… then reversed. Sick accuracy.”
🔚 Closing Commentary (2:30 PM – 4:00 PM)
-
Mutual Fund Monday handed the baton to Continuation Tuesday with a firm bid.
-
MOC sell imbalance: “$500M mice nutz” (David’s words, not ours).
-
Price shyly backed off, but the tone remained constructive.
-
Final note:
“6003 on deck for tomorrow.”
🎓 Educational Takeaways:
-
📌 Cycle Day Framework Matters: Using average cycle ranges (like CD1’s 5917.50) provides structured bias and precise levels.
-
📌 LIS (Line in Sand) acts as intraday polarity. Today, 5915 and 5935 were critical backtest zones for bull continuation.
-
📌 Narrow Open Ranges (12 handles today) often precede Trend Days. Watch that metric like a hawk.
-
📌 Mental Edge: Track your “head chatter” during trading — great tip from the community, rooted in Mark Douglas’ teachings.
-
📌 Precision isn’t luck: When the Penetration Level hits to the tick — you’re not guessing; you’re prepared.
📅 Stay ready for June 4th: With 6003 in view and momentum tailwinds blowing, it’s time to recalibrate your range compass.
🧭 Primary Directive: Stay in alignment with the Dominant Force. Always.