SPX continues its relentless climb, leaving traders wondering when gravity will kick in.

While long calls on DIA, QQQ, and IWM are collecting profits, a small correction feels overdue. Interestingly, futures are lagging behind cash prices, hinting at potential weakness ahead of March expiration.

Patience and process remain key to navigating this exuberant market.

SPX edges closer to 6100, nudging new all-time highs. Historical patterns suggest a retracement toward 6000 is likely, following bullish exhaustion.
Yesterday’s daily chart shows a potential exhaustion bar, adding to corrective signals.

On the 30-min charts, bearish pulse bars and a new “Tag ‘n Turn” setup signal possible shifts ahead.

Let’s prepare to ride the wibble-wobble profitably.

The SPX breakout is official, with prices hugging the upper Bollinger band—a sign of a strong trend according to JB’s principles.

While momentum remains bullish, the straight-line nature of this move makes me uneasy.

Without pullbacks, the risk of a sharp corrective move increases, especially as we approach the notorious Feb/Mar correction season.

Staying cautious while riding this wave could pay off.

After a volatile long weekend, SPX futures danced between gains and losses before settling slightly elevated.
With Trump 2.0 now official, could this be a classic “buy the rumour, sell the news” scenario?

Short-term bearish sentiment lingers, but key triggers at 6015 might signal the next move.
SPX remains in a wide range, and my trading focus balances bearish plays while hedging bullish potential.

Meanwhile, a venture into BTC ETF cash options could bring some exciting developments.

Donald Trump’s second inauguration has markets poised for potential volatility.

Key areas to watch include stock market movements, bond yields, and the US dollar’s strength.
Pro-business policies could boost market sentiment, but uncertainties around trade wars and tariffs loom large.
Bonds may see higher yields if inflation expectations rise, and global markets will focus on his trade stances with key partners like China.

Investors will closely monitor his inaugural address for policy clues and be ready for fluctuations.

Markets around Martin Luther King Jr. Day show a mixed pattern.
The Friday before tends to be positive, while the Tuesday after often opens weaker.
Midweek trading sees notable DJIA dips, especially on Wednesday and Thursday, likely influenced by MLK Day’s proximity to options expiration week.

Traders should be cautious, as this period has been historically volatile since 1999. In 2024, the holiday marks the 28th observance of Dr King’s legacy, a time to reflect on civil rights while navigating post-holiday market uncertainties.

Patience is key as trends solidify.