Summary:

– Market read: After the CPI print, price stalled short of a key opening-range/gap level. The speaker sees bearish bias — CPI low intact, multiple sell-side liquidity pools, fair-value-gap/inefficiency setups, and SMT divergence (indices not in agreement). Because the averages are decoupled (NQ strength, Dow weakness), probability and clarity are reduced, so he is unwilling to chase longs; he’s watching for accelerations lower to take out CPI lows and other liquidity below.

– Trading notes: He described accumulation, slippage on an exit, and specific levels to watch (opening-range gap midpoints, rejection/inversion blocks, and daily suspension block). Liquidity sweeps and fair-value-gap behavior are key signals; if price trades cleanly through the upside rejection block, he’ll stand down and re-evaluate later (possibly at lunchtime or PM session).

– Personal incident: While dropping his son off he was nearly sideswiped by a driver who then drew a gun on him. He drove away safely, may check dashcam footage and file a brandishing report. Lesson learned: be cautious and prepared.

– Conclusion: Market action was messy and not worth trading for him on that Friday; he’ll end the session, post a review later, host a weekend Twitter Space, and wishes viewers a safe weekend.