Ahoy there Trader! ⚓️
It’s Phil…
SPX is sailing smoothly in a bullish uptrend, but the waters are getting calmer as price volatility wanes. With Bollinger Bands tightening and $ADD hitting bearish extremes, the trend looks steady—for now. Could we see a small seasonal dip before the year-end rally? Let’s chart the course ahead!
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SPX continues to climb with a well-defined bullish uptrend, while intraday movements are losing steam. Here’s the rundown:
- Bollinger Bands are tightening, signalling reduced price swings.
- $ADD is pushing towards a bearish extreme, hinting that the uptrend may hold steady.
- Seasonal Trends: Early December often brings a brief dip before the Santa Claus rally and January Effect take the reins.
What This Means:
- Focus on short-term income trades while volatility is low.
- Watch for a break in the rising trend to signal potential bearish setups.
- Stay bullish overall as historical patterns suggest a strong finish to the year.
Time to stay sharp, trade smart, and let the markets unfold as we navigate toward the new year!
Fun Fact:
The “January Effect” is a market phenomenon where stock prices, especially small caps, often rise more in January than in other months. This is thought to be due to investors buying back stocks they sold for tax purposes in December.
In the past, this effect was more pronounced, but in recent years, its impact has diminished. Still, it’s a reminder of how investor behaviour can influence market trends.
Happy trading,
Phil
Less Brain More Gain
…and may your trades be smoother than a cashmere codpiece