Four of six money-making patterns are back on the board – but only if price shows up.
Ahoy there, Trader! ⚓️
It’s Phil…
Welcome to Monday – batteries recharged, system reset, charts prepped.
Last week’s bear setup fizzled into expiry without follow-through, which means we start this week clean: no baggage, no bias.
Keep reading for trade anatomy.
One Chart. One Setup. Daily SPX Income Locked In.
No indicators. No guesswork. Just pulse bar profits on repeat.
SPX Market Briefing:
After last week’s non-eventful bear expiration, I’m flat and refocused.
No hangover. No regret. Just a clear, clean chart.
And what do we have?
A textbook range.
SPX is boxed between 6,215 and 6,290 with a narrowing Bollinger Band – a pinch has formed, but no breakout yet.
Here’s the good news:
That setup activates four of our six money-making patterns:
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✅ Buy range lows
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✅ Sell range highs
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✅ Buy breakout of range highs
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✅ Sell breakdown of range lows
Overnight futures are leaning bearish – down 25-30 pts – which may push us straight to the lower band of the range by the opening bell.
If that happens, I’ll be on high alert for a bullish pulse bar and reversal pattern.
If not? I sit on my hands.
Because this week, I’m not forecasting. I’m waiting.
I’ve got the patterns. The system. The levels.
All that’s left is the trigger.
In Other News…
Tariffs Tug, Targets Rise
Wall Street wrestles trade angst and renewed bulls
“Nothing like a Sunday tweet to ruin your Monday futures.”
Markets woke up cranky after Trump floated a fresh 30% tariff slap on the EU and Mexico. Autos and Euro-linked industrials got whacked early, dragging S&P futures down 0.8%. Bond yields dipped, and the dollar flexed as traders scrambled for shelter.
“Turns out credit-card debt is bullish-if it’s not apocalyptic.”
JPMorgan’s consumer data beat low expectations, helping banks claw back early losses. Meanwhile, Big Oil wore the crown: Exxon and Chevron rose over 1% even with Saudi barrels flooding the market. Traders shrugged off IEA supply warnings like last week’s leftovers.
“Malaysia said ‘no chip for you,’ and Nvidia caught a cold.”
Semiconductors saw a split verdict: Nvidia slipped on Malaysia’s new export rules, but AMD held up thanks to fast-track license chatter. AI-adjacent plays perked up, powered by Elon’s xAI locking in another $2 billion for its next magic trick.
“Fear sells-and traders are buying.”
By the close, tariff jitters faded: the S&P only dipped 0.2%, Dow 0.4%, Nasdaq flat. Bulls clung to RBC’s shiny new 6,250 target, while bears warned this could be the first crack in earnings season’s armor. Volatility surged, with skew hitting levels last seen in March-because who doesn’t love overpriced protection when the policy roulette wheel’s spinning?
Expert Insights:
Trading inside a range? Don’t let boredom break your discipline.
According to “The Playbook” by Mike Bellafiore, intraday ranges often account for more than 60% of total weekly price action during consolidation phases – meaning the edge is inside the noise, not outside it [Source: Bellafiore, SMB Capital].
Action Step
Only engage when price tags a range extreme – that’s when risk is defined, and edges reappear.
Rumour Has It…
After a failed bear swing, Wall Street has entered full “Range Denial” mode.
Jim Cramer reportedly declared “We are NOT in a range!” on live air, just moments before drawing support and resistance lines himself.
Meanwhile, a rogue intern at TradingView added a feature that shouts “STOP CHASING!” every time a trader clicks buy mid-range.
This is entirely made-up satire. Probably!
Breaking scoops courtesy of the Financial Nuts Newswire-because who needs sanity?
Fun Fact:
Since 1928, July has been one of the S&P 500’s top-performing months.
Across all years, July posts a +1.7% average return, and in election years it performs even better – often ranking top 3 for monthly gains.
[Source: Stock Trader’s Almanac 2024]
Lesson? A calm, choppy start doesn’t kill the upside.
Sometimes it just tees it up.
Meme of the Day:
“Still Better Than Guessing.”
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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No fluff. Just profits, pulse bars, and patterns that actually work.
