The bear bias has been profitable, with another quick win trade yesterday and a successful bear income swing expected today.

Overnight futures are already down 30/40 points, signaling a likely market gap down at the open.
This aligns with the bearish outlook held all week.

The big question now is whether prices will dip into the bullish reversal zone, an area that has piqued my interest.

With the anticipated push down, my plan for today and the rest of the week is to cash out on bearish gains and pivot to bullish opportunities as the seasonal trend suggests a potential upswing.

The SPX continues its sideways shuffle with a slight bearish tilt, confirmed by a Bollinger Band pinch signaling containment. This range might not last, with red flag news midweek poised to rattle the markets. Dow Futures are already testing yesterday’s lows, hinting at potential shifts. While bearish setups dominate for now, the market’s nature means anything can change, and bullish triggers are on the radar.

Markets are slowing into a sideways stall, confirmed by Bollinger Bands narrowing into a tight range. The SPX “Tag ‘n Turn” setup leans bearish, but we’re prepared for a shift. If new highs appear, the bear stance exits. Conversely, a move into the reversal zone strengthens the bearish outlook. Stay alert for breakout signals and shifts as we move forward.

Post-election market momentum remains bullish, potentially lasting well into next year. However, signs of exhaustion—like wicks on daily candles—indicate a possible pause or correction. The SPX Income System has detected bearish setups, suggesting traders might anticipate a brief pullback. If prices dip to the marked bullish reversal zone, it could present a prime buying opportunity.

In a post-election landscape, expect bullish momentum extending through the year and into the next. Despite a significant gap up yesterday, I’m waiting for a correction before entering bullish trades. The 5825/50 level is a potential reversal zone, with historical trends suggesting strong market performance in the coming months. Today’s FOMC meeting may introduce volatility, but the market is back in business.