Ahoy there, Trader! ⚓️
It’s Phil…
Tomorrow will be the first proper day back in the saddle after a long Easter weekend.
The chocolate coma has almost worn off. Markets will be waking up. Kind of.
These post-holiday opens are notoriously sluggish. Volume’s light. Direction takes a while to reveal itself. And everyone’s pretending to care about macro while waiting for real price action to show up.
But we’ve already got our map.
And the Wolfe Wave that paid us last week? Still unfolding.
I’m sitting tight with a fresh cup of caffeine, watching the 5400 level as our bull/bear toggle… and waiting to see if Trump rage-tweets another black swan into existence before the bell rings.
We’re not here to chase headlines.
We follow the system that pays.
One Chart. One Setup. Daily SPX Income Locked In.
No indicators. No guesswork. Just pulse bar profits on repeat.
The Wolfe Wave setup we traded last week hasn’t invalidated and still has room to run. The projected target near 5000 remains in play, and we’re well within the structure for a continued grind lower.
The swing income trade is live. And because this is options – not directional heroism – we don’t need the full drop to get paid. But a fast tag of 5000 will certainly do us a favour on timing.
On the GEX front, things remain bearish:
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5400 = resistance + gamma flip level
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5250 = highest negative gamma magnet this week
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No bullish flips yet, and no major hedging pressure being relieved
That leaves our plan unchanged:
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Bear bias holds under 5400
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Swings remain on
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Be ready to reassess if we bounce or overshoot key levels
Business as usual. Let price confirm. Let the system trigger.
Patience to profits.
GEX Analysis Update
Expert Insights: (Trading Mindset for Today)
The strategy is simple:
Wait for the setup. Place the trade. Walk away.
The temptation today will be to force something just because it’s the first day back.
Don’t. You’re not paid to predict. You’re paid to follow the rules.
A calm trader with a plan outperforms a hyper trader with opinions.
Common Trading Mistake & How to Avoid It
❌ Confusing movement with opportunity
Just because the market opens doesn’t mean it’s ready to trade.
✅ Let the setup come to you
Rule-based trading means you wait for confirmation – not caffeine.
Fun Market Fact – When Gamma Gets Negative…
Did you know that negative gamma magnifies market moves?
Here’s how it works:
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Dealers hedge in the same direction as price
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That creates more volatility, not less
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Which means… wild swings are more likely when GEX is negative
This is why we’re watching 5250 this week – it’s where gamma says “this way, please” (and dealers cry quietly behind the screens).
Rumour Has It…
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Trump’s latest tweet simply read: “$SPX = Sad. Bears win.” Futures dipped 0.3% before recovering.
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5400 is now being described as “psychological resistance” – which means nobody has a clue but it sounds clever.
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GEX models reportedly enrolled in therapy after being ignored all weekend.
(This section is entirely made-up satire. Probably.)
AntiVestor Meme of the Day
Happy trading,
Phil “Still Shorting With Bunny Ears” Newton
Less Brain, More Gain
…and may your trades be smoother than a cashmere codpiece
p.s. There are 3 ways I can help you…
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