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Good morning, everyone. Today is Wednesday, September 2nd, and once again we absolutely dominated the markets — having the beautiful high of the day at 7670.75, which we rode down for well over 50 points, only to come down to the perfect buy spot we said should be the absolute target from that short: the Daily, Weekly, and 4-Hour buy at 7622.50 that we have discussed many times over. It played with absolute precision, only to bounce the market back another 30 points at the end of the day, and it has continued to hold these lows, as we knew this area was significant.
We had a gangbusters day in the inner circle, as multiple members put up well over five and even six figures. Truly a landmark day for people who were patient and were able to sit on their hands and wait for the premium trades. It is an absolute fact, and yesterday was proof positive, that patience pays — and so does the process. Congratulations to all those who took advantage of yesterday’s spectacular price action. Based on our process, today we will do it all again.
A Note on Today’s Market:
News: No Red Tag news to speak of this morning. However, we do have the ADP Non-Farm Payroll Change at 8:15 a.m., which is the preliminary number today — the real number will be out on Friday. This number will still give us a prequel for what should be expected on Friday, so it could potentially cause some volatility. The true number is not yet known, so we need to make sure we are aware of the risks involved. The true blue number will be on Friday, but we do know this is an important event and we want to pay attention.
Volume: We have an increased Relative Volume of over 20%, meaning we could absolutely have a range today of 36.5 points above or below the overnight highs or lows after relative volume is taken into account for adjustment.
Range: Expected range of 58 points. We have currently moved 33 points in the overnight session, leaving us approximately 25 points left in the tank above or below the overnight highs or lows before the volume adjustment.
Gamma: We are also still in Negative Gamma territory, with the gamma flip level all the way up at 7750. This means dealers are still hedging to the downside, and this could give us a probability of expanded ranges and money to be made in both directions.
Trend: We are currently still pointed down on the Daily, 4-Hour, and 1-Hour time frames. The only time frame we are not down on is the Weekly, which means the Weekly is acceptable to buy. However, stay tuned, as we could soon have our first 4-Hour shift at the nine o’clock close.
🧠 Current Market Context
The 9 a.m. Close Decides the Day
We played our perfect Daily at 7670.75, which led us down well over 50 points into the perfect buy spot we’ve been calling for well over a few weeks now — the 7622.50 Daily, 4-Hour, Weekly buy. This is a huge spot for price to hold and is honestly a major support area. Yesterday they came down and played it with precision, then drifted sideways in the evening session, staying below the previous all-time high at 7648.75. That has been a major milestone marker for us and will once again be extremely important coming into the day.
