Bulls Still in Control – But Bands Say “Brace”
Ahoy there, Trader! ⚓️
It’s Phil…
It’s a new day, new week, and a new month.
Let’s see if we can hit the ground running again – just like we did last month with daily back-to-back wins for two weeks.
That said, if we don’t… that’s just what the system giveth!
⬇️⬇️⬇️ – keep scrolling for more in-depth analysis – ⬇️⬇️⬇️
One Chart. One Setup. Daily SPX Income Locked In.
No indicators. No guesswork. Just pulse bar profits on repeat.
SPX Pre-Market Briefing
The end of last month and final week unfolded almost exactly as anticipated – slow, meandering price action with no clean setups. That’s the beauty of the system: it stops you from doing dumb things when the market’s doing nothing.
Seasonally, there’s often a slight bullish bias around month-end rollovers – and with our mechanical bias still pointing up, we’re simply waiting on the next bullish pulse bar to do its thing.
But…
The Bollinger Bands are narrowing. Not an official pinch just yet, but they’re definitely compressing. Combined with flat price movement, it’s a clear sign of a tightening range – a small consolidation that needs a breakout to resume momentum.
Nothing changes for now – we’re still leaning bullish, but we’re not trading until the setup confirms.
- Break above 5940 with a bullish pulse bar = continuation
- Break below 5860, followed by a rejection pullback = bearish switch
- Between 5860-5940 = no setup, no action, just waiting
We’re not in the prediction business.
We’re in the confirmation business.
And until we see that pulse – we wait.
As always, we’ll see what we see, when we see it.
Setup Checklist
| Scenario | Trigger Level | Confirmation Type |
|---|---|---|
| Bullish Continuation | > 5940 | Pulse bar + follow-through |
| Bearish Breakdown | < 5860 | Pullback after initial drop |
| Sideways | 5860-5940 range | Await new pulse bar |
-
✅ Pulse bar + continuation = confirmed setup
-
No confirmation = no trade
-
♂️ Meandering = system idle, wait for signal
Expert Insights:
Trading the Compression? Don’t.
Many traders see a tight range and try to jump ahead of the move. They assume direction instead of waiting for confirmation. This system doesn’t reward early guesses. It rewards disciplined responses. If price hasn’t triggered, sit down, shut up, and stay flat.
Rumour Has It…
An unconfirmed chart leak from Friday shows SPX refusing to break out, citing “emotional burnout” after being watched too closely all week.
According to a senior candle close to the matter, “SPX just needs space to breathe and process its rangebound identity.”
Further speculation points to a rebellion against Pulse Bar exploitation.
This is entirely made-up satire. Probably!
Breaking scoops courtesy of the Financial Nuts Newswire-because who needs sanity?
Fun Fact
The phrase “consolidation before expansion” isn’t just chart wisdom – it’s a core volatility principle.
Periods of low volatility are statistically followed by large directional moves. But it doesn’t say which way. That’s why we wait.
Meme of the Day
“Traders staring at sideways charts like it’s going to blink first.”
Happy trading,
Phil
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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