Two Ranges, One War, Zero Panic.
Ahoy there, Trader! ⚓️
It’s Phil…
So… bombs dropped.
The US got its seat at the war table.
Iran closed a literal Strait.
And SPX barely flinched.
Let’s break down what price actually did – and why overreaction is not our edge.
One Chart. One Setup. Daily SPX Income Locked In.
No indicators. No guesswork. Just pulse bar profits on repeat.
SPX Market Briefing
Despite all the geopolitical drama this weekend, the market’s actual move?
A brief 80-point SPX knee-jerk – that’s it.
Crypto overreacted (as usual), proving once again it’s not the safe haven so many wish it to be.
SPX? Recovered fast.
Futures overnight? Up +10pts as of this writing.
So what’s really going on?
Friday quietly gave us a Tag n Turn into the weekend.
Not a huge surprise – SPX has been grinding sideways inside a widening compression structure for weeks.
The key update?
We now have two clear ranges stacked:
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The new range’s low is the old range’s high.
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Bollinger Bands confirmed this with a squeeze reset on June 12/13.
Compression continues.
And when that happens, BBs can get weird. Fast.
My plan?
⚙️ Trade the new range.
⚙️ Watch for clean pulse bars.
⚙️ Use conservative v-entries if we break out without a primary signal.
No panic. No hot takes.
Yes, war is bad.
But I trade the chart, not the headlines.
In Other News:
Oil Leaps, Bonds Break, Curve Flattens
Energy strength conceals sector churn
Opening shock: Brent’s overnight jump lifted XLE +2.1% early, masking -0.9% pain in airlines. S&P 500 oscillated within a 15-point range as traders debated war premium vs. policy risk.
Tech resilience: Nvidia’s sovereign-AI pull helped semis resist red ink, though a Malaysian chip probe pressured suppliers. SOX–NDX spread widened on defensive buying in large caps.
Curve flash: Three days of long-bond dumping pushed 2s-10s spread to just five bps. Banks slipped under yield compression, while utilities gained safety flows. DXY held 104.7, yen firmed pre-Tokyo CPI.
Event radar: Powell testifies at 14:00 ET. Traders also bracing for Iranian response. SPX gamma pinned at 5,560-breaks could trigger VIX plunge under 15 or spike above 18. (≈ 390 w)
CHART HERE
Expert Insights:
Common Trading Mistake:
Overreacting to global conflict without adjusting for range structure.
Why It Happens:
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Traders feel they “should be doing something”
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Headlines override setups
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Emotional trades sneak in as “protective moves”
✅ How to Avoid It:
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Re-anchor your zones to what price confirms
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Watch for new pulse bars to form at clean reversal levels
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Let others flinch – we trade only when price tells us to
Rumour Has It…
“Crypto Panics First… Again”
As Iran closed the Strait and U.S. jets joined the fray, SPX held steady.
But Bitcoin? It collapsed like a toddler who dropped his juice.
Reddit declared “the flight to quality is Solana now.”
Some guy on CNBC suggested DogeCoin as a macro hedge.
We wish we were kidding.
Meanwhile, SPX calmly printed a Tag n Turn setup and told the world to chill.
This is entirely made-up satire. Probably!
Breaking scoops courtesy of the Financial Nuts Newswire-because who needs sanity?
Fun Fact
The Tag n Turn Doesn’t Care About Headlines
The last 7 confirmed Tag n Turn setups from your system happened during:
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FOMC week (Feb)
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Oil spike (March)
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Friday expiry (April)
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Debt ceiling chatter (May)
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Surprise CPI beat (June)
Guess what?
All ignored the noise.
All followed the pattern.
Meme of the Day
“Markets be like: War? Never heard of it.”
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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