While the S&P 500 (SPX) dithers in consolidation, the Dow (DJX) has delivered the bearish move we expected from SPX earlier this week.
Income trades are still hitting targets, showcasing the flexibility of the “SPX Income System.” Short-term bearish trades are nearing their conclusion, with SPX eyeing a potential dip to 6050 before bullish setups emerge.
Despite the market mismatch, the long-term bullish outlook remains intact.
...The SPX market continues to deliver profits as anticipated, with three successful bearish trades pushing towards $6050.
With price dipping below this level, the next target could be $6000-$6020. This prior consolidation zone could spark a bullish swing setup.
$ADD remains middling, but a bearish extreme would confirm a potential reversal.
For now, bearish trades are rolling in profits while we wait for bullish opportunities to emerge.
...Tuesday’s trade capitalized on a false ORB setup aligned with the Tag ‘n Turn swing.
Premium of $3.00 was collected with plans for a quick exit. By lunchtime, management rules signaled an early profitable exit, locking in a 50% return.
All this happened with minimal stress—and while catching the latest episode of Day of the Jackal. Testing new strategies can be both rewarding and entertaining!
...The SPX Income System delivered another win with a textbook bear credit spread trade.
Following Monday’s trendline break, $3.00 in premium was collected using a 1-DTE setup.
The trade was closed the next day for $0.30, achieving a 90% return.
This trade reinforced the beauty of minimal monitoring—set it, forget it, and profit!
...SPX hit the anticipated $6,050 level after breaking last week’s trend line and filling a prior gap from December 4th-5th.
The bearish income trades performed well, delivering profits on the short-term swing. While a further push to $6,000-$6,020 is possible, the overall bullish bias remains intact.
I’m closely watching for reversals and new bullish entries as per the SPX Income System. For now, patience is key as I wait for additional exits and setups to unfold.
...Friday’s SPX Tag ‘n Turn setup delivered another winning trade! With the uptrend broken, a bearish income strategy was triggered.
The trade collected $3.10 in premium and closed profitably at $0.30, netting a 90.3% return.
The beauty of this system? No need for massive moves—just $20 in SPX movement did the trick.
The strategy proves once again that small, consistent profits are achievable with disciplined setups.
...SPX’s uptrend shows signs of breaking, with price testing $6080 for potential short-term bear swings.
A move above $6100 signals bullish opportunities. Short bearish dips may precede another bullish rally.
Eyes on $6080 for bear entries and $6100 for bull triggers—short-term trades align with these key levels.
...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.
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