Last week’s SPX breakout invalidated the island reversal pattern, frustrating unprepared bears. This highlights why mechanical trading systems outperform discretionary setups.
The “Tag ‘n Turn” setup from the SPX Income System delivered steady profits, reinforcing a bullish bias.
As SPX inches toward new all-time highs, staying disciplined with tested setups, rather than relying on outdated patterns, remains key.
...Thursday’s consolidation break unfolded as expected, triggering a breakout pullback setup.
A “pulse bar” signaled entry into a 1-DTE income trade, which yielded an 88.9% return overnight.
Two bullish income swings remain open, poised for more gains as the bullish bias continues.
...The short-lived range on SPX may now be evolving into an angled, rising channel, with bullish bias firmly intact.
Futures dipped 20 points overnight, suggesting a potential gap lower before trading higher by day’s end.
Market internals like $ADD signal a pullback might come first. For now, my income system remains focused on bullish setups while awaiting targets and new entries.
As the week winds down, I’m signing off early for good food, 80s tunes, and maybe one more profit target hit. Time to trade smart, then party smarter!
...SPX enters another contraction phase, with Bollinger Bands signaling a “pinch point.”
I’m bullish for a change, expecting new all-time highs by year’s end. The 6 Money-Making Patterns guide my short-term trades: trade the range or wait for the breakout.
News events this week could shake things up, but my long-term outlook remains optimistic.
...Tuesday brought a slight dip into the bullish reversal zone but failed to follow through on a deeper flush.
SPX planted a firm double bottom, forming an inside/outside bar setup on the daily chart—a classic bullish signal.
This suggests the recent dip may have been a small bear trap, setting the stage for a potential bullish breakout.
With the De Niro-inspired “Raging Bull” mindset, I’m gearing up for a strong rally ahead.
...SPX starts the week with a sideways pattern and a slight bearish bias due to a lack of red flag news until Thursday.
Overnight futures push lower, aiming at recent lows. This may spark bear enthusiasm, but deeper pushes into the bullish reversal zone could turn the tide.
I’m watching closely for entry points and may start bullish income swings even before the typical triggers show up.
...SPX formed an Island Reversal pattern, sparking trader excitement with its bearish undertones.
My “Tag ‘n Turn” setup delivered solid bearish profits as expected, even though this downward move was my least anticipated scenario.
Now, my sights are set on bullish plays from this level up to year-end and beyond.
Plus, stock swing opportunities are on the radar, just waiting for the right entry triggers.
...Just before the weekend, an ORB30 setup yielded an 84.4% return, setting up a perfect close to the week.
The SPX market dropped neatly into the bullish reversal zone marked earlier in the week during a mentorship call, promising potential for upcoming opportunities.
With profits secured, the focus now shifts to Monday for more action.
Until then, it’s time for a well-deserved break.
...This week, the SPX “Tag ‘n Turn” Income System delivered a stellar 93.3% return since Monday, despite the market’s sluggish sideways grind.
As the market gapped down at today’s open, it marked another win for the system.
Now, eyes are on the bullish reversal zone for potential income swing trades. If we see the dip, it’s game on; otherwise, a long weekend might just be on the cards.
...The bear bias has been profitable, with another quick win trade yesterday and a successful bear income swing expected today.
Overnight futures are already down 30/40 points, signaling a likely market gap down at the open.
This aligns with the bearish outlook held all week.
The big question now is whether prices will dip into the bullish reversal zone, an area that has piqued my interest.
With the anticipated push down, my plan for today and the rest of the week is to cash out on bearish gains and pivot to bullish opportunities as the seasonal trend suggests a potential upswing.
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