Macro Spark:
US CPI YoY lands at 2.7% (vs. 2.8% forecast, prior 2.7%), including gasoline to rate-cut bets for September. Futures merchants instantly recalibrated — the CPI spike put ES in a holding sample earlier than launching towards upside aims.
Key Ranges & Playbook Strikes:
Pre-CPI “Sandbox” Zone: 6420 – 6440 mapped early because the post-data battleground.
Preliminary Bull Goal: 6420 tagged shortly, flipped from goal to help.
Cycle Day Milestone: Three-Day Cycle Official Goal 6443.50 ✅
Bonus Rounds: 6454.50 ✅ then 6462.50 ✅ earlier than afternoon pinning dynamics emerged.
Intraday Coloration:
Early Open Vary longs? Stopped out.
Lean shifted sell-side mid-morning, then flexed again as consumers aggressively defended 6420.
Afternoon gamma gravity pulled value towards the 99th percentile strike at 6445, making a gradual “pin” into the shut.
MOC drama: $3.7B promote imbalance flipped to a $1B purchase — consumers “sucking sellers like a vampire.”
Dealer Knowledge of the Day:
“You’ll be able to’t management commerce outcomes. You’ll be able to solely management entries and exits that meet your standards. All the pieces else is noise.”
