Yesterday played out exactly as expected – a challenge of the inside bar high, followed by a sell-off into the FOMC decision. Now, we’re seeing a similar pattern setting up again on the cash chart.

Futures are up slightly, hinting at a potential gap higher before any real move unfolds. I’m still leaning slightly bearish short-term while staying bullish overall.

My bullish income swing is open, and my bear hedge is in place should things roll over against expectations.

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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.

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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.

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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.

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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.

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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.

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