SPX traders, including myself, are eyeing whether this market wants to explode higher or take a breather.
With February/March historically known for corrections, the timing is critical.

A Bollinger Band W-Bottom might be forming, hinting at a rip ‘n ride higher.
Monday’s bearish plays were solid, but now the SPX Income System’s Tag ‘n Turn setup is shifting bullish. Time to see if the bulls take a firm control.

Monday’s market panic fizzled out, proving to be more bark than bite.

SPX is stabilising, and a new Tag ‘n Turn setup with bullish pulse bars is ready. With a trigger above 6020, bearish positions are being unwound, and bullish entries are on the radar.

For now, it’s a wait-and-see game until Wednesday’s FOMC meeting. Patience remains key as the market steadies.

The bearish moves predicted last week have unfolded, with S&P 500 overnight futures dropping 200 points and NASDAQ tech stocks down 4.7%.

Bear triggers from Friday’s group call are playing out, with bear positions looking profitable at the Monday open.
While panic selling may hit at the bell, this appears to be a sharp correction rather than a crash.

As the S&P futures test the yearly opening price, the focus remains on steady gains amidst the chaos.

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.