Friday’s failed bear flag turned bullish quickly as SPX rallied through the bull trigger.
However, a late-day pullback hints at a pause for Monday. With wide Bollinger Bands contracting, expect consolidation during this shortened holiday week.
Bullish income swings are close to profit targets, and I’m waiting for clearer signals before jumping into the next trade.
...Last week’s bearish SPX breakout smashed through range targets, with Friday’s bear flag projecting a move down to 5730.
This selloff feels reminiscent of December 2018 but could be short-lived. If the bear flag breaks, the bull trigger is set at 5950. SPX Income Traders, playing both sides of the market, are well-positioned for gains no matter the direction.
...The Fed’s rate cuts, paired with fewer future cuts than expected, sent markets tumbling. SPX dropped 2.9%, breaking through range lows and initial breakout targets.
While the Dow hit a 10-session losing streak—the worst since 1974—these dramatic moves often signal overreactions. Markets may stabilize soon, but for now, I’m holding off on new trades while traveling, with a watchful eye on Friday.
...Yesterday’s SPX gap up quickly reversed into a gap down, keeping prices firmly stuck in the established range. I seized the opportunity to buy at range lows, initiating a promising income swing trade.
A move back to the 6100 range high could lead to a healthy and profitable exit.
The plan remains the same—watch for reversals or breakouts to determine the next steps.
Meanwhile, I’m enjoying Poland’s rich history, with today’s adventure taking me to the famous salt mines.
...SPX pushed off Friday’s range lows and is now testing range highs.
A breakout above the range could set up a bullish move, or we may see a retreat back inside the range.
With overnight futures hinting at a potential gap higher, this week is off to an exciting start.
Meanwhile, I’m trading from Krakow, Poland—an enchanting city filled with history, beauty, and emotion.
...Next week’s trading focuses on SPX’s well-defined sideways range.
With 4 key patterns unlocked, we’re eyeing range lows and highs for bullish reversals or bearish breakouts.
A “break-in” setup is also on the radar for moves back into the range.
Pulse bars will be the go-to signal for timing trades.
...This past Wednesday’s live mentorship call saw us analyze SPX’s bearish potential following key news.
While the initial SPX trade was challenging, managing the position eventually led to profits.
Meanwhile, the Dow delivered a seamless bearish move.
Unable to trade $DJX directly due to liquidity issues, I shorted /YM futures for a stunning 436-point profit.
The lesson? The right market can make all the difference. It’s not just about timing but adapting to opportunities!
...This week’s SPX income trade, based on the “Tag ‘n Turn” setup, delivered a stellar 90% profit over 7 days.
Using time as an ally, the trade required minimal movement for maximum gains. With bear swings wrapped up, new opportunities await next week!
...Sometimes trades get tricky, like this week’s Opening Range Reversal.
The initial SPX 0-DTE trade was challenged and required creative management.
By letting the first trade expire and rolling into a second trade with adjusted size and duration, the position ultimately turned a loss into a profit. The result? A profitable end to a dull, sideways week – all thanks to strategic patience and the SPX Income System.
...SPX finally moved south, forming a clear trading range defined by Bollinger Bands. With key levels at 6000 and 5970, bearish trades remain in play.
The SPX Income System adapts effortlessly, using range reversals and breakouts to generate steady profits.
I’m wrapping up my last bearish income swing before a well-earned break in Poland.
Bullish setups are still on the radar for year-end rallies – just waiting for the right entry signal.
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