– Market context: the market found support after dipping into the lower 30% of last week’s range and rallied strongly. The broader bias remains bullish with upside targets on the continuous contract near ~26,399.5, 26,562.75 and the all‑time adjusted high ~26,859.
– Key intraday concept: the “lunch macro” is a common intraday retracement that can begin as early as 10:30 (effectively the first-hour/first dealing‑range completion after the 9:30 open) and often pulls price back into the range established since the open.
– Trade framework: watch for higher highs into the macro window, then look to sell into buy‑side imbalances/sell‑side inefficiencies, inversion fair value gaps and bearish order blocks formed just before those highs. Target external range liquidity and wick midpoints as exits.
– Execution notes: prefer obvious, visually clear fair value gaps/imbalances (don’t force ambiguous setups). Use market orders for entry, pyramid into positions, and exit at defined liquidity points; the author shared a live short that hit targets and exemplified these rules.
– Teaching points: this is a repeatable, rule‑based approach (not the Turtle Soup method despite historical references). The author apologizes for a missed recording, praises student application, and will provide further live analysis tomorrow morning.
Quiz
1. What time window does ICT say the lunch macro can begin as early as?
A. 9:30 Eastern
B. 10:30 Eastern
C. 11:30 Eastern
D. 1:30 Eastern
2. According to ICT, what is the default direction of the lunch macro in a bullish market?
A. It runs to the upside
B. It stays flat until closing
C. It runs to sellside / lower prices
D. It reverses only after 1:30
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Answer Key with Evidence
1.B. 10:30 Eastern
Evidence: “the lunch macro can occur slightly earlier… it can begin around the 10:30 hour.”
2. C. It runs to sellside / lower prices
Evidence: “So, that’s the target. So, that’s the that was my maximum objective for the macro… I was looking to go short there.” Also: “What’s the macro? The lunch macro. It’s a retracement inside of the range from 9:30… It can aim for this low.”
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