Late entry due to phone calls – but price resting below ORB20 so still valid
SPX remained underwater for hours – probably longest duration Premium Popper all year
Stop loss intact – theta decay doing its work whilst trade not moving right way
Option slowly collecting pennies – 56.5% ROC achieved – love getting paid even when wrong
Bull keeps wanting to bull – still more juice to squeeze pushing towards new ATHs
Breakouts confirmed on SPX and RUT – moved into range and popped out just as quick
Looking for pullback continuation – SPX target 6882, RUT target 2542
Bear bias OFF, bull bias ON, poppers back to each way – unemployment claims today, NFP Friday
Another great Premium Popper outcome – was intending to not trade much but this was A+ setup
RUT right off opening bell showed ideal footprint inside usual ORB20 setup
Fast directional move to exit – $12 profit at 54.5% ROC
Sometimes tempted to just wait for this setup and this setup alone
Groundhog Day vibes – nothing has changed – still at upper edge of range leaning bear
BB width pinch confirmed on both SPX and RUT – TnT swings on pause awaiting breakout
Yesterday’s Premium Poppers banked two wins despite messy price action
Market holding for Friday’s NFP – 10am news then plain sailing
Two Premium Popper wins: SPX 58.3% ROC ($12) and RUT 54.13% ROC ($10)
Key insight: Opening range was inside a larger multi-day consolidation
SPX failed breakout at larger range highs – used 6 money making patterns to scalp lower
RUT clearer – break through ORB lows traded the larger range reversal
Yesterday’s upper range hypothesis paid to be patient – bear filter on poppers avoided choppy conditions perfectly
Overnight futures held yesterday’s lows, little movement, nothing new – yesterday’s viewpoint holds into today
Crude Oil at upper range highs – bear moves make sense until breakout
BB width moved from widest (trend) to narrowest (range) – discretionary override on bulls confirmed correct
New month post-Thanksgiving, futures down 0.5%-1% across 4 main indexes – nothing too serious but more than normal
BTC shit the bed pushing past -5%, last week’s rally = dead cat bounce, further bear moves likely
Pesky consolidation still not broken, near upper boundary, nothing new developing – line of least resistance back down
SPX still bullish but bearish below 6785, RUT more wiggle room but bearish below 2460 – NFP week incoming
We are bullish – SPX TnT fired Friday, cat’s whisker from upper BB target
RUT also fired bullish Friday, rampage higher, literally hugging upper Bollinger Band
Pro tip for strong trend: price hugs upper BB, width widens, lower BB points upward – seeing this on RUT
Back near middle of daily range after attempted break lower – max pain zone for bears getting stopped out
Monday push off range lows on dailies – Dow took break, lagging or leading next direction question
Gold cutting out range, potential rest from end of last month is reality
Crude oil coiled tight, ping pong opportunities (infrequent trading there)
Little change in landscape – more of same expected until something new happens
SPX TnT bullish nudging upper target, RUT TnT bullish, Uncle Russ starting to ride upper BB
Friday rally 3 for 3 on observation – no weekend news noise to bugger things up at Sunday futures open
Near lower end of range I’ve been banging on about – critical decision point for market
Pop lower = breakout territory more red ink, or push higher from range lows per 6 money making patterns
TnT bullish on SPX and RUT from Friday, stayed that way all day into close
Mag7 swings fabulous: META 1200% ROI, NVDA triple digit, AMZN 285%, NFLX making bank – cherry on top