Ahoy there, Trader! ⚓️
It’s Phil…
You know that scene in every action movie where someone’s finger hovers over the big red button… and they don’t press it?
That’s me right now.
Because once again, sitting back and waiting for a cleaner entry zone is paying off. SPX tagged the upper Bollinger Band – like a polite tap on the shoulder – but hasn’t turned with any conviction.
No pulse bars. No reversal. Just a stall.
And that, my friend, is where we earn our edge – not by reacting early, but by knowing when not to act at all.
⬇️⬇️⬇️ – keep scrolling for more in-depth analysis – ⬇️⬇️⬇️
Deeper Dive Analysis:
Markets don’t always reward the busy. Sometimes, the biggest wins come from doing… nothing.
And today is one of those days.
- SPX tagged the upper Bollinger Band
- ⏸️ But instead of turning sharply, price paused
- No bearish pulse bars yet – which means no confirmed reversal
We’re in “hover mode”.
Which, translated to trader speak, means:
“Don’t be clever. Just wait.”
- I’m staying bullish above 5700
- But I’m not placing blind trades just to feel productive.
If price breaks and holds above 5700, I’ll consider scaling in for a bullish continuation.
If we slip back below 5700, I’ll reassess for bearish setups and pulse bar confirmation. But until then? My finger’s off the button.
Why? Because I know this pattern.
The tag-with-no-turn often just means we’re not done yet. The trend might still have gas in the tank, or it’s winding up for a more dramatic move later.
Either way, I’m not front-running it.
And honestly? Watching others flinch and overtrade while I sip tea and wait is one of life’s great pleasures.
Fun Fact
In 2006, someone accidentally sold 610,000 shares of a stock instead of 1.
This infamous “fat-finger trade” cost Mizuho Securities $225 million in one afternoon — and became one of the most expensive typos in trading history.
Moral of the story?
In trading – as in typing – sometimes doing nothing is smarter than doing something fast.
Video & Audio Podcast
Insert video here… if this were 1987 and I had a camcorder.
Audio & video will return shortly – probably with better lighting.
Happy trading,
Phil
Less Brain, More Gain
…and may your trades be smoother than a cashmere codpiece