Ptgdavid began the morning with a simple greeting to the group, marking the start of the session as “Friday.” He observed that the overnight session was relatively quiet and meandered through the pivot point at a price of 5305. He then noted that the day marked the beginning of a new trading cycle, the first day, highlighting that the previous cycle achieved “super cycle” status at a 588.25-point rally, representing a performance of 542.86%.
Shortly after the opening, David shared that the first Lean had backed the seller, but he emphasized the importance of maintaining flexibility. He uploaded a chart entitled “Stay-Aligned” to reflect his morning setup.
There was a noticeable change in emotion as we called “Bruleen” around 9:46am to see that the price moved beyond the opening print range and VWAP, indicating early strength from the buyer.
As economic data began, David posted news from the University of Michigan. This indicates that consumer sentiment is significantly below expectations (50.8 vs. forecast 53.8, previous 57.0). He also relayed expectations of particularly rising inflation. In response, David pointed out that there were no breakouts yet, explaining that price action would return to the “Romulan Neutral Zone.” This is a reference to a state of indecision or balance.
Throughout the night, he pointed out that buyers were gaining a slight edge. As the session progressed at lunchtime, David stated that the market remained calm and that he was away for lunch.
At 12:32pm he returned with new excitement and observed that the bonds were rallied and the stocks were following. He set up the ideal long entries using phrases like “Wabbit Hunt” and “Puuurfect Discount.” Breakouts from the integrated pattern – “Wedge breakouts” – confirmed his previous predictions for energy accumulation.
By mid-afternoon, David described the session as a “ripper,” referring to the bull flag breakout. He gave him a clear technical roadmap and said that if the price can hold bids above 5300, the first upside target is zones 5405-5425. This target was quickly filled. He emphasized the strength of the move, noting that the Bulls rarely put traders in easily and that the shorts are unlikely to run away without pain.
Late in the afternoon, he advised to stop the deadline at longer positions as prices retested previous open ranges. The pullback follows, and he interprets it as a refresh for the buyer. The market responded by driving higher again. David pointed out that the move was pushing towards the targets of the DTS (Daily Trade Strategy) and if prices were kept above 5,300, he repeated the bullish scenario.
Nearby, David emphasized that the bull is fighting to clear the psychological 5400 level. He has posted several comments explaining that the market is on the brink of an explosive final move.
By the end of the day, he announced that the S&P 500 had risen 5.7% per week (the best performance since November 2023) and shared that the Closure (MOC) imbalance was $2 billion.
Take home education:
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Cycle recognition is important: Tracking the market cycle can help you identify fresh opportunities and reset your expectations.
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Pivot points and VWAP are the major intraday levels. Observing price behaviors around these metrics can reveal changes in emotion.
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Macro data moves through the market: The unexpected sentiment and inflation figures had immediate implications for the market.
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The integration precedes the expansion: Sideways actions can show the accumulation of energy – perseverance is rewarded.
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Please note that “tells” in the market: Correlated markets (e.g. bond gatherings) can suggest pending moves in stocks.
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Psychological levels (such as 5400) are attracting attention. These levels often serve as battlefields in late sessions.
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Position flexibility is essential: Staying agile and adapting to the dynamics of the market that unfolds is essential for survival and success.
