SPX hit the anticipated $6,050 level after breaking last week’s trend line and filling a prior gap from December 4th-5th.
The bearish income trades performed well, delivering profits on the short-term swing. While a further push to $6,000-$6,020 is possible, the overall bullish bias remains intact.
I’m closely watching for reversals and new bullish entries as per the SPX Income System. For now, patience is key as I wait for additional exits and setups to unfold.
...Friday’s SPX Tag ‘n Turn setup delivered another winning trade! With the uptrend broken, a bearish income strategy was triggered.
The trade collected $3.10 in premium and closed profitably at $0.30, netting a 90.3% return.
The beauty of this system? No need for massive moves—just $20 in SPX movement did the trick.
The strategy proves once again that small, consistent profits are achievable with disciplined setups.
...SPX’s uptrend shows signs of breaking, with price testing $6080 for potential short-term bear swings.
A move above $6100 signals bullish opportunities. Short bearish dips may precede another bullish rally.
Eyes on $6080 for bear entries and $6100 for bull triggers—short-term trades align with these key levels.
...SPX continues its bullish uptrend as volatility declines, supported by tightening Bollinger Bands and $ADD nearing bearish extremes.
Seasonal trends hint at a possible early December dip before the year-end rally kicks in. Short-term income trades remain viable.
...After a brief break due to poor health, I’m back and catching up!
My latest income swing trades closed with impressive 98.4% and 67.1% returns.
A third trade with a January expiration is performing well. The market remains bullish into the year-end, and while bear swings are scarce, the outlook stays optimistic.
For now, I’m scouting new income swing entries while maintaining a bullish bias.
...In November, my traders and I identified a key bullish entry point for SPX.
On November 19, a broken wing butterfly trade was initiated, collecting $12.60 in premium.
Over 9 days, SPX moved $129, triggering a profit exit for a 98.4% return.
This trade, powered by the SPX Income System, underscores the value of mechanical trading strategies and meticulous planning.
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