Back in Blighty, Bullish Bias Intact After 80-Point Overnight Pop | SPX Analysis 16 Jun 2025

Friday’s late-session sell-off did nothing to shake my bullish swing positions. Mostly because I was mid-air and half-asleep, but partly because I’ve learned over the years not to rush anything.

I typically don’t open new trades late on Fridays – especially not after a solid week of setups. In this case, I had plenty of buffer, both technically and mentally, and chose to ride the weekend out.

That choice was reinforced by the Tag ’n Turn holding strong, a noticeable divergence between cash and futures, and a good old-fashioned review of historical war-driven market behavior. Spoiler: panic rarely lasts. In fact, it often gives way to strong bullish rebounds once clarity returns.

The “get paid to wait” mindset continues to be one of the biggest mental shifts for option traders. Whether the market’s a dime or ten dollars in our favor, we still profit from theta. Unlike traditional directional trading, our outcome isn’t tied to movement – and that’s the edge.

Coming into this morning, SPX futures are up 80+ points overnight. That wipes out Friday’s dip and sets the stage for possible cash-outs at the bell if swings hit target. And if not? We keep doing what works – wait, watch, and let time and structure do the heavy lifting.