SPX formed an Island Reversal pattern, sparking trader excitement with its bearish undertones.
My “Tag ‘n Turn” setup delivered solid bearish profits as expected, even though this downward move was my least anticipated scenario.
Now, my sights are set on bullish plays from this level up to year-end and beyond.
Plus, stock swing opportunities are on the radar, just waiting for the right entry triggers.
...Just before the weekend, an ORB30 setup yielded an 84.4% return, setting up a perfect close to the week.
The SPX market dropped neatly into the bullish reversal zone marked earlier in the week during a mentorship call, promising potential for upcoming opportunities.
With profits secured, the focus now shifts to Monday for more action.
Until then, it’s time for a well-deserved break.
...This week, the SPX “Tag ‘n Turn” Income System delivered a stellar 93.3% return since Monday, despite the market’s sluggish sideways grind.
As the market gapped down at today’s open, it marked another win for the system.
Now, eyes are on the bullish reversal zone for potential income swing trades. If we see the dip, it’s game on; otherwise, a long weekend might just be on the cards.
...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.
...Despite one of the dullest market movements in recent memory, today’s trade netted a 91.4% return in just a few hours. SPX’s confirmed range with tight Bollinger bands shifted the focus to range trading setups.
Using the broken wing butterfly strategy, I captured a $3.50 income and exited at $0.30 for strong gains.
The day’s trading required minimal screen time, freeing me up for a cozy “pyjama day” with Mrs. N. and a StarGate marathon. This quick return showcases the effectiveness of range-based strategies and reinforces patience as we await more significant bear swings.
...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.
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