Situation Execution – Monday Meat Grinder
In a single day commerce in $ES marched greater, tapping the 6655–6660 goal zone proper out of the gate, with bulls holding a bid above 6645. $NQ matched tempo, fulfilling its 24395–24420 goal zone like clockwork.
Morning session provided the greatest appears to be like: disciplined low cost longs early, adopted by premium performs on the bear shift later, tagging VWAP simply as forecast. Noon devolved right into a slow-churn grinder, with the tape trying prefer it was making an attempt to noticed merchants in half. Lunch break got here with a “Shake n Bake” setup tease, however conviction was scarce.
$CL delivered a cleaner outing—Open Vary lengthy hit targets earlier than rolling into a good cease path. In the meantime, quad witch + rollover + looming FOMC stored $ES range-bound, sandwiched between A4 and A10 zones, with $NQ doing its greatest to maintain bears in test.
Takeaway: AM session was the candy spot. PM became chop metropolis with low-conviction rotations. Count on the remainder of this week to hold a “snappy” rhythm as rollover, OPEX, and FOMC collide.
Dealer Knowledge: “The very best commerce alternatives? Normally carried out earlier than lunch. After that, it’s a meat grinder buffet—don’t be the steak.” 🥩⚔️
