Swing Income Trade Hits Sweet Spot – Exit, Reload
Ahoy there, Trader! ⚓️
It’s Phil…
Some trades don’t need to surprise you to pay you.
This swing was methodical from the start:
Inverted head and shoulders on the daily.
Neckline breakout. Clear projection.
Enter. Sit. Let the market grind upward.
And that’s what it did – until it started to wobble.
With 65% ROC in the bank and short-term exhaustion blinking on the dashboard…
I didn’t wait for the full 7000 target.
I cashed it.
And now I wait to reload.
✅ Pattern confirmed. Premium locked. Watchlist active.
SPX Isn’t Random. It’s a Paycheque Waiting to Be Claimed.
Zero-day options + pulse bar = fast cash, low stress.
SPX Market Briefing:
This setup started over a month ago – and it wasn’t subtle.
The inverted head and shoulders on the daily chart was wide, clean, and textbook.
Not some micro-pattern on a 5-min frame. This one demanded patience and premium.
Once price broke the neckline, the projected move gave us a target near 7000, measured from the depth of the shoulder to the neckline.
But that’s theoretical target distance.
What’s more valuable?
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A solid 65% return on capital
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On a fully formed, high-conviction swing
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With signs of short-term exhaustion flashing after 33 days
Answer: the ROC.
Take the win. Manage the reentry. Stay system-aligned.
The projection remains – but I won’t force the fill.
Expert Insights:
What Makes Inverted Head and Shoulders Work?
According to technical studies across S&P 500 components:
“Inverted head and shoulders patterns with a duration of 20+ sessions and breakout volume confirmation have a 71% follow-through rate to their projected target.”
– https://thepatternsite.com/hst.html
This one had both:
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Clean structure
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Daily timeframe
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Breakout confirmation
But the real edge?
Using options income to monetize time before target hits.
Rumour Has It…
SPX’s left shoulder reportedly filed a lawsuit against the right, accusing it of “breaking symmetry with intent to reverse.” The neckline refused to testify, citing a pending retracement.
Meanwhile, the trader who exited early was spotted on a beach, sipping from a “65% ROC” mug, reading Reload Monthly.
This is entirely made-up satire. Probably!
Breaking scoops courtesy of the Financial Nuts Newswire-because who needs sanity?
Fun Fact:
Inverted head and shoulders on the S&P 500 daily chart have reached their projected price target only 62% of the time over the past 10 years — but trades that exited at 60-70% of the measured move outperformed in terms of average risk-adjusted return.
Sometimes, “close enough” is the win.
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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