PTG Market Recap – Wednesday September 17, 2025

• Cycle Day 2 – Overnight fulfilled the lower TZ 6655–6650 with a buy response.

• Line in the Sand: 6675 held as the key battleground all day, acting like “insect repellent” for bulls.

Morning Session:

• Quiet chop pre-FOMC.

• Manny reminded: “FOMC day is not for heroes. Half size.”

• RSPR/white dot discussions kept the classroom humming while traders sat tight.

FOMC Fireworks (2 PM):

• Fed delivered expected cut; dissent from Miran who wanted 50 bps.

• Projections: another 50 bps in 2025, 25 in 2026, 25 in 2027.

• Initial bull target zone 6685–6695 tagged, then a sharp flush back to CD2 violation low 6641 before rebounding.

• Fast tape triggered reminders: SOH = Sitting on Hands for those not synced with rhythm.

Afternoon Session:

• Presser turbulence—“JPOW losing the PR battle.”

• Nachos and “Clear Air Turbulence” analogies kept spirits light.

• Bulls struggled with the 6675 LIS, never fully reclaiming with conviction.

• MOC showed a $1.1B buy imbalance, fueling a late squeeze attempt.

Final Notes:

• A true “Wild Ride Clyde” FOMC day.

• Traders joked about T-shirts: “I Survived the Fed.”

• Back to normal rhythms tomorrow.