Last week’s bearish trade setup played out perfectly, thanks to a V-shaped entry, trend line break, and bearish pulse bars.
The straight-line bullish move made waiting for a conservative entry the right call.
With time decay on my side, the trade was well-positioned before the weekend’s “Tariff War” headlines triggered the expected drop.
Initially, I collected $3.00 in premium, and thanks to Monday’s favourable gap, I exited for $0.05, locking in a 98.3% return.
...Friday’s range reversal is already paying off thanks to weekend tariff chaos sparking a massive futures sell-off. ES Futures plunged as much as -120 points, stabilising around -80 points (-1.3%) ahead of the open.
Bear swings from Friday are printing near-maximum gains and will be closed at the bell.
Bull swings still have time, but may need rolling to manage the trade profitably.
The market will gap down significantly, breaking last week’s range.
Best play? Let the dust settle before taking new positions—wait for confirmation on follow-through or reversal.
Plan of action: Reviewing live in today’s Fast Forward Group Call.
Thursday’s analysis played out as expected – SPX broke the inside-day high, challenged the low, and then drifted into the target zone. The best part?
This was a textbook SPX Income System trade where a small $12 move was enough to trigger a target exit.
Collected $3.00 in credit, bought back for $0.30, and walked away with a smooth 90% return – all while I was off celebrating my birthday.
No babysitting. No stress. Maybe just a sneaky glance at my phone.
...SPX is tightening up, with Bollinger Band Width nearly confirming what we’ve already seen – price contraction.
A narrow range has formed, meaning I’m pausing my Tag ‘n Turn setups and shifting focus to range-based trades from my six money-making patterns – buying range lows, selling range highs.
A breakout will eventually come, and I’m already positioned bullish.
But with $ADD at a bullish extreme, a trip to the range low before any breakout is possible.
For now, it’s a hurry-up-and-wait game – and since it’s my birthday, I’m clocking out early!
...This SPX Income trade followed a classic “Tag ‘n Turn” setup, though the entry was a tad early.
Despite price pushing past the hedge trigger, I held my ground due to the straight-line rally we had been discussing in our Fast Forward Group Calls.
The bearish move fully triggered on Friday, confirming additional entry points via a V-pattern and trendline break.
With $3.05 collected upfront, a sharp Monday drop helped hit my buy-back exit at $0.30, locking in a 91.4% return.
A well-earned win after a rough January!
...Yesterday played out exactly as expected – a challenge of the inside bar high, followed by a sell-off into the FOMC decision. Now, we’re seeing a similar pattern setting up again on the cash chart.
Futures are up slightly, hinting at a potential gap higher before any real move unfolds. I’m still leaning slightly bearish short-term while staying bullish overall.
My bullish income swing is open, and my bear hedge is in place should things roll over against expectations.
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