The bearish grind continues, slowly stepping lower, delivering small but steady wins.

Market Breakdown:
✅ SPX continues its slow-motion sell-off—no panic, just controlled declines.
✅ Yesterday’s rally blamed on Canadian tariff news—but it felt like the market just needed an excuse.
✅ Drop, pause, drop pattern remains intact—suggesting another pause before the next move.

My Trading Plan:
✅ Still fully loaded with bearish positions—waiting for exits before adding more.
✅ Two tranches should hit profit targets by week’s end.
✅ Bullish setups are on hold until SPX reclaims 5850.

Key Takeaway:
✅ Patience remains the best trade—letting profits unfold while waiting for the next move.

The SPX sell-off continues, nearing the magical 10% correction level. While the drop is slow and controlled, it’s clear that the bear market is now in full swing.

Market Breakdown:
✅ SPX is down 9.49%, just shy of official correction territory
✅ NASDAQ has already crossed the correction threshold
✅ Blue-chip stocks are popping and dropping in high single and low double digits

Technical Levels & Trade Plan:
✅ Monday’s move steepened the downtrend, breaking the sideways channel
✅ Bearish target at 5255 aligns perfectly with technical analysis
✅ Bullish plays delayed until price reclaims 5800

Trading Execution:
✅ Bear positions are stacked – now waiting for profits or hedge triggers

No need to chase—the market is working in my favour.

The larger bearish move continues, grinding lower within its descending channel.

Key Observations:
✅ Friday attempted a breakdown but failed to hold below the range
✅ Overnight futures dipped lower but haven’t taken out last week’s lows
✅ Bearish bias remains, but price is still inside the larger structure

What’s Next?
✅ Scenarios remain the same as last week – patience required
✅ Still watching for a confirmed breakdown or another range-bound fakeout
✅ Bearish momentum is intact, but price hasn’t fully committed yet

No need to force a trade—just let the market unfold and be ready to react.

The market is stuck in indecision, bouncing between short-term ranges and an evolving downsloping channel. This is precisely the moment most traders struggle—when price action is constantly shifting.

We’re seeing trendlines redrawn daily, proving once again that the market doesn’t care about our labels—it moves how it wants.

While traders love to talk about perfect setups in hindsight, few acknowledge the real-time evolution of price action, where yesterday’s pattern is today’s invalid setup.

For now, I remain hedged, in a no-lose position, and cautious about adding to any trades until we get a clearer push in either direction.

Meanwhile, Trump’s tariff news echoes his first trade war in 2018, and the market’s reaction is looking eerily familiar. With NFP on deck, it’s either time for fireworks—or more of the same slow grind.