98.4% Return: Mastering SPX with Precision! | SPX Market Analysis 29th Nov 2024

Ahoy there Trader! ‍‍⚓️

It’s Phil…

The markets rewarded careful planning with a stellar trade this November. My SPX Income System once again demonstrated the power of precision, guiding traders to a calculated bullish setup that delivered a nearly 100% return in just over a week.


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November’s post-election market presented a prime opportunity for traders with the right tools and foresight. My traders and I pinpointed a potential bullish turning point early in the month, laying the groundwork for an exceptional income trade.

On November 19, SPX reached the identified zone. Pulse bar signals confirmed the bullish bias, and a broken wing butterfly was chosen for the trade. Here’s how it unfolded:

  • Premium Collected: $12.60 per spread
  • Trade Duration: 9 days
  • Price Move: SPX advanced by $129
  • Profit Exit: Trade bought back for $0.30, yielding a 98.4% return

This trade illustrates the strength of the SPX Income System. By relying on a mechanical, proven strategy, we bypass guesswork and focus on executing trades with precision and consistency.

Now, as we gear up for year-end opportunities, the market continues to offer setups that fit within this reliable framework. The key? Patience, planning, and precision.


Fun Fact:

SPX Has an Election Bias!
Historically, the S&P 500 often rallies after U.S. elections, with an average gain of 1.4% in the following month. This post-election bounce is attributed to reduced uncertainty and market optimism.

Elections provide a roadmap for fiscal and monetary policies, boosting investor confidence. While history isn’t always a predictor, patterns like these can offer insights for traders looking to capitalize on seasonal opportunities.


Happy trading,

Phil

Less Brain More Gain

…and may your trades be smoother than a cashmere codpiece


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