Last week’s market action was full of twists, with SPX pushing through the bull trigger on Wednesday, flipping back through the hedge & bear trigger, and finally accelerating into Friday’s move.
Market Setup:
✅ SPX still inside a larger range, clearly visible on the daily chart
✅ 6000 is the next key level – range reversal or breakout?
✅ Overnight futures suggest a small bounce but no clear turn yet
✅ VIX is slightly elevated but still below 20 – no signs of an imminent crash
Right now, I remain bearish on my income swing, watching for either a bullish reversal or a clean downside breakout.
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