RUT Flips Bear, Crude Fills The Gap, NFP Is The Catalyst

Market Snapshot

The overnight tape, in one shot:

• ES (SPX): 7,536.00 / +0.04% / bullish swings still paying, full read below
• YM (Uncle Dow): 52,693 / +0.17% / double top on the daily, bear could take a turn
• NQ (NazQuack): 29,953.50 / -0.37% / leading heavy, both directions
• RTY (Uncle Russ): 3,037.1 / +0.20% / EA flipped BEAR off the NATH, full read below
• VIX: 16.77 / +1.15% / lifting a touch ahead of NFP
• GC (Gold): 4,077.9 / +0.82% / bouncing back toward 4,100
• CL (Crude): 67.54 / -0.81% / filled the gap, full read below
• BTC: 61,063.69 / +1.84% / bounce off the 58.5k probe, bear bias still in force

SPX: Swings Still Paying Out With A Clear Chart

SPX swings still remain bullish with a nice clear chart.

And the swings are paying out nicely.

The EA still has the PLUS (+3) call sitting on top at 1.5x size, Add-In Fired. Bullish Above 7,374.04. Target 7,532.09.

Not much to do beyond riding the swing while it is paying us. Let the trend do the work.

Bullish swings paying. Ride the trend.

Uncle Russ: New Bear Swing Off The NATH, Range Low Reversal Expected

RUT developed a new bear swing turning off the NATH.

Price retreated back inside the range we have been watching. So a nice simple move from range high to range low is to be expected.

The EA has flipped: Setup Bear (Fresh), Quality PLUS (+3), size 1.5x. Bearish Below 3,036.98. Target 2,990.31. The system notes flag an over-bought fade at 16+ bars, with a best-short-environment of 39% WR and PF 2.62.

So the play is short-side, working the range from top to bottom.

Off the NATH. Range low next.

Crude Oil: Filled The Gap, Only The $65 Target Remains

Crude oil has again delivered, sliding down to fill the gap.

All that remains is the original target at $65 to be popped.

My swings are cashed out for the moment. The options premiums have been collected nicely again, and I am just waiting for a new entry to fire off.

That is the drill for now: collect the premium, wait for the setup, redeploy when the chart tells us to.

Gap filled. $65 next. Waiting to redeploy.

Premium Popper: Wins Rolled On While Phil Enjoyed The Concert

Yesterday’s Premium Poppers looked very clear and simple to trade, while I was enjoying myself doing other things.

The Wednesday SPX Popper scored BULL DOUBLE (+4) at 2x position. Full Stack 6/6. FOMC bonus +1. Stack rate ~91%. Win rate ~89%. Clean setup, clean read.

The wins channel is once again full of successes.

From the members’ chat:

Zach: Poppers popped.

Mary: 2 wins on SPX. Done for the day. Have a great day, everyone!

Don Eng: I missed the SPX PP but won on the SPX LP.

Chris Taylor: Happy to get a couple of winners on the board today as well for the first of the month. SPX and RUT 1st BOs.

And from me:

Phil: Boomski. 💥 Smashed it.

That is what the green zone does when the trader is not even at the desk.

Members smashed it. Wins channel full.

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