Weekly Trading Recap: September 7 – 11, 2026
Market Overview: Four Down, One Up
This was a week where the macro environment did most of the talking, and it wasn't saying anything bullish. The ES/MES opened around 7782 Monday morning and worked its way down to a weekly low of 7651.0 by Thursday — a four-day grind lower that had real fundamental fuel behind it.
U.S. markets were closed Monday for the Labor Day holiday, so Tuesday was the real open for the week, and it was ugly right out of the gate. Stocks dropped as oil prices continued to rise, with the Dow tumbling over 600 points. On the MES, Tuesday's session confirmed the setup — we opened at 7780, briefly tested 7784.25 (which became the week's high), and then rolled over hard, closing at 7747.25 for a -32.8 point session. That failed push above Monday's high was a tell. When buyers couldn't even hold that narrow range, the path of least resistance was clear.
Stocks came under pressure as oil prices continued to rise — WTI climbed for a sixth straight day. Tensions in the Middle East were escalating, with Houthi forces seizing Yemen's strategic port city of Mocha, raising fears over shipping through the Bab el-Mandeb Strait. That geopolitical backdrop kept risk appetite suppressed throughout the early part of the week.
Wednesday continued the bleed. MES opened at 7727.75, chopped in a tight range at the open, and then broke to a session low of 7695.0, closing at 7709.25 — down another 18.5 points. We were now trading well below Tuesday's close, and the momentum was clearly one-directional.
Thursday was the capitulation low. The S&P 500 dropped below its 50-day moving average Thursday for the first time since late July. On the MES, we gapped down to open at 7663, hit the week's low of 7651.0, and then — finally — found some buyers. Thursday was the only green day of the week, closing at 7665.0 for a modest +2.0 point gain. Not a rip, but it stopped the bleeding.
Friday was the reversal session. The August CPI report showed headline CPI rising 0.4% as expected, while core CPI advanced 0.3%, above the 0.2% consensus. Money markets moved to price a September Fed hike as an almost done deal after the CPI print, but equity buyers stepped in to halt the four-day losing streak. MES gapped up to open at 7732, ran to a session high of 7749.75, and managed to close at 7731.25 — essentially flat, down just -0.8 points. Not a strong close, but enough to recover the week off the lows.
The weekly range was 133.25 points (7651.0 to 7796.0 on a tick basis), which is a meaningful expansion of volatility. The VIX confirmed it — the S&P 500 cash index fell about 0.79% on the week, but the real story was the 10-year Treasury yield pushing to 4.97% by Friday's close, up 3.78% on the week. Rates moving like that while equities are already under geopolitical pressure is not a healthy combination.
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DT Algorithm: 1W / 5L, -67.0 pts
I'll be straight with you — this was a rough week for the DT algo. Six trades, one winner, -67.0 points, -$335. That's not the kind of week I enjoy writing about, but it's part of the record and it needs to be accounted for honestly.
The algo was biased long all week, and that was the core problem. The market was in a clean, sustained downtrend from Tuesday through Thursday, and the DT system was hunting for reversals in a tape that wasn't ready to give them.
Wednesday saw two trades. The first was a long entry at 7658.5 — this was the algo trying to pick a bottom after the three-day flush. It didn't hold, stopping out at 7642.1 for -16.4 points (-$82). A second attempt came in at 7651.75, which was right near what would become the week's low. That trade wasn't stopped — it got closed at end of day at 7644.0 for -7.8 points (-$39). The timing was close to right on the price, but the intraday structure wasn't giving confirmation.
Thursday brought another long attempt at 7617.75 — the lowest entry of the week, reflecting where overnight/early-session prices were trading before the cash open bounce. That one stopped out at 7601.75 for -16.0 points (-$80).
Friday had three trades, and this was where the day's whippy price action made things messy. The algo entered long at 7746.0, got stopped at 7729.35 for -16.6 points (-$83), then re-entered at 7736.25 and caught the one winner of the week — exiting at 7742.65 for +6.4 points (+$32) at T1. A third attempt at 7746.0 stopped again at 7729.35 for another -16.6 points (-$83). Friday's session high of 7749.75 shows the algo was entering right near the top of the range on those losing trades, which is a classic choppy-reversal-day problem.
Lifetime record sits at 220W / 118L — 65% win rate. The edge is intact. Weeks like this happen, and they're built into the expectancy model.
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TF Algorithm: No Trades
The TF algo sat this week out entirely — no valid setups triggered across the full five sessions. Given the tape, that's actually fine. Trending-follow systems need clean directional structure to work with, and while the weekly bias was clearly lower, the intraday action was gappy and erratic. No trades is a legitimate outcome.
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Next Week: September 14 – 18
We're heading into next week closing at 7728.5 on the MES — that's roughly the middle of the week's range, well off the 7651 low but also well below the 7784.25 high. The market didn't reclaim much on Friday's bounce.
With money markets pricing a September Fed rate hike as near-certain following the CPI print, the FOMC meeting next week is the dominant catalyst. A hike would be fully expected, but the press conference and any forward guidance language around the pace of future hikes will drive the reaction. The 10-year at 4.97% going into that meeting is already pricing a lot — any hawkish surprise on the statement could send yields through 5% and put fresh pressure on equities. A dovish pivot in tone, on the other hand, could fuel a legitimate relief rally.
Watch 7651 as the key support level — that's the week's low and the point where buyers showed up Thursday. A breakdown there opens the door to a more meaningful leg lower. To the upside, 7784 is near-term resistance — that's where Tuesday's rally failed. The DT algo will be looking for cleaner intraday setups; the FOMC day itself will likely keep the system on the sidelines until the announcement shakes out.
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Trade Quanntick on Paper First
If you're watching the DT results and wondering whether this system fits your risk tolerance, start with paper trading. You'll see the drawdown weeks like this one in real time, without real P&L, and get a feel for how the algo behaves across different market regimes. That's how you build the conviction to stay in the system when a rough week hits. Sign up and run it paper for a month — then decide.
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*Disclosure: results shown are from a simulated (SIM) account. Simulated performance is hypothetical, does not represent actual trading, and has inherent limitations. Past performance is not indicative of future results.*