Bullish Setup. Bearish Transition?
Ahoy there, Trader! ⚓️
It’s Phil…
You’ve got to love a market that cooperates right before it might turn on you.
Friday morning gave us the perfect overlap –
Bearish Tag on the upper Bollinger Band…
And then, bang – a clean bullish pulse bar fired, just like April 30th.
Now sure, we might be transitioning to bearish soon – but that wasn’t confirmed yet.
And if we’ve learned anything from system trading, it’s this:
You trade what fires. Not what might.
So I framed up a 1-DTE broken wing butterfly, placed mid-day, and collected $5 in premium.
Yes – even with NFP looming.
Because I don’t skip setups for headlines.
And what happened?
SPX gapped higher.
It ran.
I exited for 80% of credit in just a few market hours.
No hesitation. No emotion. Just process.
Now?
I’m watching to see if the Turn fires bearishly.
The Tag’s already there. The pulse bar hasn’t fired yet.
But when it does – I’ll be ready.
It’s been a fun week.
The system’s still in charge.
And I’ll be celebrating this one away from the screens.
You’ve got to love a market that cooperates right before it might turn on you.
Friday morning gave us the perfect overlap –
Bearish Tag on the upper Bollinger Band…
And then, bang – a clean bullish pulse bar fired, just like April 30th.
Now sure, we might be transitioning to bearish soon – but that wasn’t confirmed yet.
And if we’ve learned anything from system trading, it’s this:
You trade what fires. Not what might.
So I framed up a 1-DTE broken wing butterfly, placed mid-day, and collected $5 in premium.
Yes – even with NFP looming.
Because I don’t skip setups for headlines.
And what happened?
SPX gapped higher.
It ran.
I exited for 80% of credit in just a few market hours.
No hesitation. No emotion. Just process.
Now?
I’m watching to see if the Turn fires bearishly.
The Tag’s already there. The pulse bar hasn’t fired yet.
But when it does – I’ll be ready.
It’s been a fun week.
The system’s still in charge.
And I’ll be celebrating this one away from the screens.
⬇️⬇️⬇️ – keep scrolling for more in-depth analysis – ⬇️⬇️⬇️
Most Trade SPX Blind. You’ll Trade It Like You Designed It.
Pulse bars flip the lights on. You see it. Trade it. Bank it.
Fun Fact
Some of the most profitable option setups occur right before big news events… not after.
Why?
Because volatility gets priced in before the news drops.
That means higher premiums, better entries – and if the move aligns with structure, magnified results.
It’s a strange edge most traders avoid.
But mechanical traders?
We thrive in it.
News amplifies setups. Not replaces them.
Meme of the Day
xxx
IMAGE HERE
Happy trading,
Phil
Less Brain, More Gain
…and may your trades be smoother than a cashmere codpiece
p.s. There are 3 ways I can help you…
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