Why I Took the L (and Feel Great About It) | SPX Analysis 24 Mar 2025

Another week, another range, and here I am again – sipping coffee, muttering to myself like a budget oracle, watching SPX push a few points higher and thinking… “Didn’t we just do this yesterday?”

The overnight futures gapped higher, but the market basically landed us right back into the same call wall we’ve been dancing with all week – 5700/5720. It’s like déjà vu… but with less excitement.

And don’t even get me started on the Bollinger Bands. They’re pinching so tightly now you could use them as a tourniquet. Yes, we’re consolidating. Yes, we already knew that. But now it’s like the market is actively mocking us.

So what’s changed? Nothing.

The plan remains exactly the same:

• Wait for a breakout-pullback – either direction.

• Don’t force trades.

• Stay sharp, but don’t get twitchy.

Friday’s rally? It messed with the last of my bear swings, and instead of dragging the positions out like a bad soap opera, I just let them expire and took the loss. Not because I had to. But because they were irritating me.

Sometimes, the smartest move is not about managing the trade – it’s about managing the trader. I cleared the decks, reset the headspace, and now I’m ready for what comes next.

So here we are:

• Bullish trigger is still 5720+

• Bearish trigger stays below 5605

• Everything in between is just noise.

And yeah, I’m still leaning bearish, but I’m not forcing it. We’ve seen this pattern before – the grind, the stall, the fakeout. And when the real move comes? That’s when I’ll strike.

Until then, it’s back to the charts, back to the tea, and back to waiting with the quiet smugness of someone who knows patience pays better than panic.

Let’s see if today delivers… or if we’re just rolling the same episode again.