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.
...Thanksgiving brings a quieter trading week with shortened market hours.
SPX remains in its established range, and my traders and I capitalized on a quick 0-DTE trade from the range high for pre-holiday profits.
The bullish bias persists, and income swings are benefitting from time decay without requiring directional moves. The Bollinger Bandwidth is nearing a new “pinch point,” but it aligns with the old range, reinforcing profitable discretion.
With limited action expected, the long weekend provides a well-earned break for traders.
...This morning’s bearish income trade on SPX delivered a tidy $2.70 profit after $ADD broke below the opening range, signaling a short-term bear move.
SPX pushed lower from the range high, confirming the trade setup.
While the bearish bias played out short-term, my overall outlook remains bullish. Existing income swings are still open, targeting exits in the coming days.
...SPX remains locked in its prior range, with ES futures showing a rising range.
The next likely move is toward the lower boundary before any breakout. Friday’s “fix it” trade ended with a small net gain.
The bullish bias remains, with plans to capitalize on range lows and breakout highs. Bearish setups are expected to be short-lived.
...Friday’s trade aimed for a bullish range breakout but ended in a grind.
A misstep while trading on mobile led to a suboptimal position. By rolling the position effectively, I turned what could’ve been a full loss into a break-even outcome.
While not a profit, it’s a win in the grand scheme—sometimes it’s about managing losses, not just chasing gains. ☕
...The S&P 500 (SPX) is flirting with new all-time highs, settling into a familiar trading range. I’m maintaining a bullish stance, I’m on the lookout for upward reversals and breakouts.
Current bullish income swings are nearing their target exits.
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