No Turn After Tag – SPX Looks to Extend Slide | SPX Analysis 23 May 2025

Pulse Bar Pro 2.1.1 Returns, Swing Bias Auto-Mapped

Ahoy there, Trader! ‍‍⚓️

It’s Phil…

After Wednesday’s bear flip we saw most of Thursday meander and chop around. We tagged – but we never turned. The late-day push voided the setup, so we’re still in bear mode unless a new signal forms.

Interestingly, yesterday’s overnight swing still managed to close profitably. I’ll need to catch up on the write-ups for the last two trades as soon as I find time. And my exciting news? Pulse Bar Pro v2.1.1 is finally back for testing and looking sweet, sweet, sweet. It’s designed to work out the swing bias for you – mic drop!

Bear voids SPX tag setup while trader looks for new entry trigger


⬇️⬇️⬇️ – keep scrolling for more in-depth analysis – ⬇️⬇️⬇️


SPX Options = Cashflow Engine.

With this setup? It’s practically an ATM with a checklist.


SPX Market Briefing

After Wednesday’s clean bearish setup, Thursday’s price action was the market equivalent of shrugging – until it wasn’t.

We chopped around the tag level for most of the day. No reversal signal ever confirmed, and then came the final hour push lower. That move voided the tag – effectively telling us to stay short unless a new setup appears today.

There’s no bullish argument without a pulse bar. For now, bias stays bearish.

Meanwhile, the overnight swing trade wrapped up profitably – a subtle win tucked into a choppy session. That marks back-to-back trades that deserve proper documentation (and they’ll get it… just not today).

Why? Because I’m off the desk for most of Friday.

But while I’m out, version 2.1.1 of Pulse Bar Pro is now back in testing – and it’s slick. This version auto-detects the weekly swing bias so you’re never flying blind on your setups.

No trade alert this morning – we wait for the market to show its hand.

SPX Analysis 23 May 2025


Expert Insights:

Mistake: Assuming a tag equals a reversal
Why it hurts: A tag without a turn is just friction – not conviction
Fix: Wait for the pulse bar trigger. Direction matters. Don’t front-run.

Tag setup fails without reversal, invalidated by late-day drop


Rumour Has It…

A rogue AI at Goldman Sachs just upgraded the VIX to “emotional support animal” status, citing rising trader dependency and afternoon nap volatility. One analyst allegedly whispered, “I’m not bearish, I’m just tired.”

This is entirely made-up satire. Probably!

Breaking scoops courtesy of the Financial Nuts Newswire-because who needs sanity?

Financial satire of VIX reclassified as emotional support animal during volatile week


Fun Fact

The first financial “chart” ever recorded wasn’t a bar or a line – it was a rice price graph in 18th century Japan, drawn on handmade parchment. It tracked how rice traded between villages. Technical analysis? More like parchment pulse bars.
Historical reference to Japan’s first rice price charts, pre-modern technical analysis

Meme of the Day

Satirical meme of fake-out tag followed by market drop


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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