Bullish But Bored: Price Stalls With No Pulse
Ahoy there, Trader! ⚓️
It’s Phil…
It’s the last day of the trading month and, as tradition suggests, the last Friday of May rarely comes in swinging. After Thursday’s teeter-totter of a session – up, then down, then nowhere – expectations for a directional breakout are lower than the caffeine level in a recycled K-cup.
Still, the plan stays the same: rules over reactions. No signals, no action. And frankly, if today turns into one of those “meh” market days, so be it. There’s always Monday.
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One Chart. One Setup. Daily SPX Income Locked In.
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SPX Market Briefing
As mentioned in recent training: “We’re bullish until we’re bearish.”
That stance still holds. The system flipped bullish last Friday, and while price flirted with the upper Bollinger Band midweek, it didn’t quite touch it – no tag, no reversal. So the bullish bias remains intact.
Yet despite that bias, it’s been a week of sitting tight. No valid pulse bars, no trigger to adjust the play. The visual zones continue to keep things clear: we’re nowhere near a Tag-n-Turn to go short, nor have we seen the price action necessary to ignite a fresh hedge.
In short: the plan is working, even if it means doing nothing.
Overnight ES futures have added some excitement, but the regular sessions, not so much. These end-of-month Fridays are often sleepy. If it drifts sideways, we’ll live. If it wakes up, we’ll respond.
Until then, the week winds down with low expectations, awaiting the pulse to quicken! [ badum tsch!] , and eyes already turning toward June.
Expert Insights:
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Mistake: Forcing trades on quiet days just to feel productive
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Fix: Let the system breathe. If there’s no signal, do nothing.
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Mistake: Misinterpreting near-miss setups like a 5.4% bar as valid
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Fix: Precision matters. A “close-enough” attitude is how rules erode.
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Mistake: Forgetting market rhythm around month-end chop
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Fix: Time filters matter. Some days are meant to be ignored.
Rumour Has It…
“Is It Dead… or Just Resting?”
Financial News Room Chaos erupted this morning as anchors waved green “Island Confirmed” flags in celebration, only for lightning to strike a bearish chart behind them. A spilled coffee incident forced one intern to unplug the ADD meter after it flashed “Bearish Extreme” for the third time this week.
Hazel Ledger sighed live on air:
“Technically we’re in a bullish setup, but emotionally I’m in a flatline.”
This is entirely made-up satire. Probably!
Breaking scoops courtesy of the Financial Nuts Newswire-because who needs sanity?
Fun Fact
Pulse Bars: The Gatekeepers of Discipline
In the 1960s, a trader’s seminar once described high-range bars as having “legs” – a phrase still echoed today. But here’s the rub: not every legged bar gets to dance.
Our system requires a clear 5% move to qualify. A 5.4% bar feels like it should count… but only if it happens in the right context. Not all movement is equal. That’s the whole point.
Today’s reminder?
Precision isn’t picky – it’s protective.
Meme of the Day
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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