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.
...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.
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