V-Shape Reversal Confirms Short Bias
Ahoy there, Trader! ⚓️
It’s Phil…
You ever see a setup pull a fakeout, tease a breakout, then pivot perfectly back into your system?
That was yesterday.
The Tag ‘n Turn gave us another clean swing exit off the upper Bollinger Band, and while I was ready to defer the next entry, a tidy little V-shaped reversal handed us the confirmation we needed. We’re back bearish. Levels are set. Now we let the market do its thing.
⬇️⬇️⬇️ – keep scrolling for more in-depth analysis – ⬇️⬇️⬇️
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SPX Market View
Let’s unpack the sequence.
Price ran up into the upper Bollinger Band and triggered the final legs of our overnight swings. That was the cash-out point – system clean, profits booked.
But I wasn’t diving into the next setup just yet.
Why?
Because it looked like the start of a Bollinger breakout – the kind that breaks the pinch and rips higher. So I paused. Waited.
Then came the V-shaped reversal – clear as day within 2 hours.
Entry happened late in the day, around the same level the mechanical Tag ‘n Turn would have fired. No edge lost. Just added confirmation.
Now? The system is officially bearish again, with a firm rejection at highs and a sharp drive lower that flipped the tone of the day and the bias on the chart.
Today’s key levels:
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5620 = GEX flip zone
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Also where we bounced up post-FOMC
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5680 = resistance zone – could mark today’s top
We’re back in the pre-FOMC chop zone.
The plan:
- Bearish until price tells us otherwise
- Hedge levels marked
- No chase
- Wait for price to hit our zone
- Let the system print
GEX Analysis
Expert Insights:
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Jumping the gun on reversals – wait for structure, not assumptions.
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Chasing breakouts too early – pinch points often fake before they break.
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Skipping levels – 5620 and 5680 matter. Mark them or risk regret.
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Overmanaging overnight trades – exits were planned. Trust the system.
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Forcing direction changes – confirmation > prediction. The system knows.
Rumour Has It…
Word is the SPX reversal was caused by a rogue intern at the Fed who mistook the breakout chart for a bowl of ramen and tried to stir it with a mouse. After rebooting TradingView, they accidentally submitted a bearish policy note to Bloomberg. The market reversed out of pure confusion.
This is entirely made-up satire. Probably!
Breaking scoops courtesy of the Financial Nuts Newswire-because who needs sanity?
Fun Fact
Meme of the Day
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“Waited. Watched. Wrecked it.”
Happy trading,
Phil
Less Brain, More Gain
…and may your trades be smoother than a cashmere codpiece
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