Bollinger Bands Start Squeezing – Volatility Likely to Dip
Ahoy there, Trader! ⚓️
It’s Phil…
What a week.
We saw the breakout of that well defined range we flagged back on 12/13 June. After price reversed off the range low my students and I bagged a string of stellar trades. Now a new week greets us – end of month, start of month, NFP on Friday and a fresh Bollinger squeeze on the tape. Time to map the likely pause and plan the next strike.
▶️ Grab coffee, scroll down, and lock in your game plan.
One Chart. One Setup. Daily SPX Income Locked In.
No indicators. No guesswork. Just pulse bar profits on repeat.
SPX Market Briefing
Friday’s session kicked off the first noticeable Bollinger Band contraction in two weeks. A squeeze by itself is no trigger, but coupled with the calendar it screams “cool-down.”
We also reached the measured breakout target. That target tap came with an upper Tag n Turn – a classic “cash the ticket, take a breath” marker. I do not expect a face-melting selloff, yet I’m even less inclined to chase fresh highs.
Strategy for the next 48-72 hours is simple: credit spreads out the money, 2-DTE to 3-DTE, letting theta bleed while SPX drifts, and wait for Friday’s jobs print.
Key levels
• 6180/6200 – breakout target and Friday high – resistance until decisively cleared
• 6160 – Friday midpoint – intraday pivot
• 6100/6120 – Possible range lows (assuming BB contraction develops)
• >6200 – New Breakout – line where bullish bias returns
Rumour Has It…
Whispers swirl that Wall Street weather anchors are predicting “Mostly Cloudy With A Chance Of Theta.”
Traders allegedly hoarded desk fans to blow away shrinking option premiums, while one unnamed guru ordered a crate of stress balls embossed “Blame The Fed.”
Stay tuned – or don’t.
This is entirely made-up satire. Probably!
Breaking scoops courtesy of the Financial Nuts Newswire-because who needs sanity?
Fun Fact
Meme of the Day
“Theta Drip Monday – IV Bag Included”
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…
- Option 1: The SPX Income System Book (Just $12)
A complete guide to the system.
Written to be clear, concise, and immediately actionable.
>> Get the Book Here
- Option 2: Full Course + Software Access – 50% off for Regular Readers – Save $998.50
Includes the video walkthroughs, tools for TradeStation & TradingView, and everything I use daily. Plus 7 additional strategies
>> Get DIY Training & Software
- Option 3: Join the Fast Forward Mentorship – 50% off for Regular Readers – Save $3,000
>> Join the Fast Forward Mentorship – trade live, twice a week, with me and the crew. PLUS Monthly on-demand 1-2-1’s
No fluff. Just profits, pulse bars, and patterns that actually work.
