FOMC? Whatever. The Chart Said Bearish, So We Traded It
Ahoy there, Trader! ⚓️
It’s Phil…
Some trades shout for your attention.
Others… just get the job done in the background while Powell tries to remember his script.
This was the latter.
A quiet add-in setup appeared via Tag ’n Turn logic-textbook form, bearish bias, and 1-DTE friendly. And while the rest of the world braced for a central bank tantrum, this trade just went about its business.
“Like sneaking dessert before the dinner party – sweet, strategic, and stress-free.”
SPX Doesn’t Need You To Be Right. Just Consistent.
Pulse bar tells you when. Credit spreads handle the rest.
SPX DeBriefing:
This wasn’t a must-take trade.
But it was a valid one.
Heading into 29 July, we were already bearish with Swing Trade #1 in motion. But as price danced under the PFZ, a new 30-min pulse bar fired a classic Tag ’n Turn.
Instead of overthinking it, I treated it as an add-in. A 1-DTE bear call spread was opened, $3 credit collected, and left to marinate.
I promptly forgot it was FOMC the following day.
But here’s the thing – I don’t need to care about news. Because the trade was already positioned, already risk-defined, and already profitable.
I managed the exit roughly 30 minutes before the bell – $0.10 buyback, netting 96.7% ROC.
All without sweating the Fed.
⚙️ Strategy Snapshot
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Setup: Bearish Tag ’n Turn (Add-In)
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Product: SPX 1-DTE Credit Spread
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Credit Collected: $3.00
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Exit: Bought back at $0.10
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Outcome: 96.7% ROC
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Duration: 1-DTE
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Context: Pre-FOMC entry, held through calmly – Willfully Ignorant!
Rumour Has It…
Word on the FinNuts News Desk?
“Traders across Wall Street mistakenly mistook Powell’s silence for bullish optimism. Turns out he was just rebooting his speech processor after a system crash.”
The rest of us? We already got paid.
This is entirely made-up satire. Probably!
Breaking scoops courtesy of the Financial Nuts Newswire-because who needs sanity?
Fun Fact:
In 2007, Apple stock dropped 6% during a Steve Jobs keynote… because he announced no new product.
[Source: MarketWatch – “The day Apple shocked traders by announcing nothing”]
Meme of the Day:
Mr SPX sitting calmly in a lawn chair while “FOMC” explodes in the background, sipping champagne labeled “96.7% ROC.”
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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