Weekly Trading Recap — June 22–26, 2026
Market Overview
The S&P 500 had a rough week. The MES opened at 7,561.88 on Sunday night and closed Friday at 7,403.25 — a loss of 158.6 points, or about -2.1% on the week. What made it interesting wasn't just the magnitude of the move, but the character of the price action across each session.
Monday started the week on shaky ground, with the cash session selling off from the open at 7,544 down to close at 7,530.88, a relatively contained -13.5 point loss. The week's high of 7,559.12 printed intraday on Monday, which in hindsight set the ceiling for the entire week — price never got back up there.
Tuesday is where the real damage started. The S&P 500 fell sharply as a tech selloff that began in Asia spread into U.S. markets, driven by worries about potentially higher interest rates. The catalyst was a brutal session in Asian chip stocks — South Korea's KOSPI plummeted roughly 10%, its steepest drop in more than three months, as investors dumped semiconductor names including Samsung and SK Hynix, each falling more than 12% and triggering a trading halt on the exchange. That bled straight into U.S. tech. Micron dropped more than 10%, leading a broad selloff in semiconductors, with Marvell Technology shedding 8% and Sandisk losing 11%. The ES gapped down and grinded lower all day, closing at 7,446.62 — down 26.3 points, the second-worst session of the week.
Wednesday was the one bright spot. The MES bounced off the low 7,404 area and staged a +50.5 point recovery to close at 7,472.38. That's a meaningful reversal off a level that had been acting as near-term support, and it was the biggest single-day gain of the week. The move looked technically constructive, but it didn't follow through.
Thursday gave most of Wednesday's gains back, closing down 8.8 points to 7,420.62, with a tight range that suggested indecision. Friday sealed the week to the downside — opening at 7,440.50, then selling off steadily through the session to close at 7,403.25, down 37.2 points. The week's low of 7,372.75 printed intraday Friday before a mild bounce into the close.
Total weekly range: 186 points from 7,372.75 to 7,559.12. The S&P 500 had been on a remarkable run coming into this week — eleven weekly gains out of the last twelve — with the tech sector alone up nearly 25.5% over the prior three months. This week looked and felt like a rotation out of that crowded trade, with consumer staples and defensive sectors benefiting from the shift away from chip names. The VIX closed at 18.41, up 5.3% on the week, confirming that the market's sense of calm was at least temporarily broken. Ten-year yields actually fell to 4.37%, suggesting the bond market wasn't panicking — just the equity side repricing tech risk.
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DT Algorithm — 6W/3L, -9.4 pts ($-47)
Lifetime record: 157W / 76L (67% win rate)
This was a mixed week for the DT algo — six winners, three losers, and a slight net negative after the losses outweighed the gains on a dollar basis. Here's how it played out.
Monday gave us one clean trade: a LONG entry at 7,586.25, exiting at 7,591.55 for +5.3 pts ($+26). This was a T2 target exit during what was effectively the final gasp of the week's high — the algo caught a quick intraday scalp before the broader market turned south.
Tuesday was the most active day with four trades, and it encapsulated everything that makes a trending-down day difficult to trade from the long side. The first three longs — entries at 7,463.00, 7,477.25, and 7,461.00 — all hit T2 targets for +7.9, +5.3, and +5.3 points respectively. The algo was reading intraday bounces correctly on a day the market was carving lower. The fourth trade, however, was a LONG at 7,473.50 that got stopped out at 7,454.65 for -18.9 pts ($-94). That single stop erased the three prior winners combined. That's the reality of trading into a persistent sellers' market — even when you're right more often than you're wrong, one bad fill into a trend can undo a morning of good work.
Wednesday's bounce was where the algo added real value. A LONG entry at 7,466.50 rode the intraday recovery to 7,477.25 for +10.8 pts ($+54) on a T3 target exit. This was the cleanest trade of the week — the market was actually moving in the algo's direction for once, and it held for a larger target.
Friday was the other rough session. Three trades, one winner and two stops. The opener — a LONG at 7,410.50 exiting via trail at 7,418.60 for +8.1 pts ($+40) — was fine, catching a bounce off the lower range. But then price reversed hard, and two subsequent longs at 7,431.75 and 7,448.75 both ran into sellers and stopped out for -16.6 pts ($-83) and -16.5 pts ($-82). On a day where the market was making a sustained move toward the week's low, those were unavoidable losses given the algo's setup criteria.
Net on the week: -9.4 points, -$47. Not a great result, but the methodology held — the stops kept individual losses controlled, and the win rate of 6/9 (67%) on the week mirrors the lifetime average almost exactly. The losses came from the two worst days of the week (Tuesday and Friday), which is the right place to take losses if you're going to take them.
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TF Algorithm
No TF trades this week. The TF algo is a trend-following system, and this week's price action didn't generate valid setups. A 186-point range with significant intraday reversals — particularly Wednesday's sharp bounce inside a down-trending week — isn't the kind of clean directional structure the TF needs to enter with confidence. Sitting out is a position.
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Next Week
We close the week at 7,403.25 on the MES, sitting closer to the week's low (7,372.75) than its high (7,559.12). The 7,357 - 7,372 zone is the next meaningful support area to watch — if that breaks, there's not a lot of structure visible below it before the mid-7,200s. To the upside, 7,475 - 7,500 is now resistance, and reclaiming 7,559 would be required to suggest this week was a shakeout rather than a trend change.
June 30 brings quarter-end, which historically creates positioning flows that can cut both ways. The June jobs report drops on Friday, July 3 — worth watching given that rates and the Fed's trajectory have been part of the narrative driving tech's valuation reset this week. Any weakness in payrolls could give the bulls a reason to buy the dip; a hot print would likely extend the pressure on rate-sensitive names.
The DT algo will trade its normal setups regardless of direction. The TF algo will be looking for cleaner trending structure — either a continuation lower that develops clearly, or a confirmed reversal off support that gives it a defined entry.
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Paper Trading
If you've been watching but not trading, this week is a good example of why we recommend starting with paper trading. Nine trades, mixed results, two significant stop-outs — understanding how the algo behaves in real-time before real money is on the line makes a meaningful difference in execution and confidence. You can run the Quanntick system fully in simulation mode. If you're interested, reach out or visit the site to get started.