📝 PTG Market Recap – CD1
Theme: “The Trapdoor Tuesday Flush”
CPI Shock: YoY CPI got here in hotter (2.7% vs 2.6% forecast), however Core MoM cooled (0.2% vs 0.3%), creating early confusion and whipsaw in premarket flows.
Early Lean Recognized: At 9:47 AM, David marked a Promote-Facet Lean, which proved prophetic as bullish makes an attempt had been systematically swatted.
Key Inflection Ranges:
6300 dubbed the “Line within the Sand”, initially held.
6315 acted as a magnet and battleground many of the day.
6290 – recognized because the trapdoor stage – was hit late session as a cluster of stops beneath lows had been taken out.
Cycle Day 1 unfolded backward: Violation of PDH occurred in a single day, CD1 low shaped late within the session, confirming a traditional intraday cycle construction.
Quotes of the Day:
“Higher to be affected person than BE the PATIENT!”
“Bulls had no actual probability… each rally swatted like a fly.”
