Bulls Gapped It. Bears Snapped It. We Banked It.
Ahoy there, Trader! ⚓️
It’s Phil…
Some days you stalk the setup. Other days, the setup forgets it even exists, does a cartwheel, and lands right back in your lap.
Welcome to July 31 – where the market gave us three wins, but only after a surprise 60-point slap from tech earnings in the overnight session.
We stayed mechanical. We stayed calm. And SPX gave up the goods.
Today’s chart was like a romantic comedy:
Awkward start, dramatic misunderstanding, and a profitable reunion.
One Chart. One Setup. Daily SPX Income Locked In.
No indicators. No guesswork. Just pulse bar profits on repeat.
SPX Market Briefing:
Yesterday’s bearish breakout move was shaping up nicely. We had post-FOMC momentum, clean direction, and what looked like a classic follow-through setup.
Then the tech earnings hit – and the overnight futures decided to throw a party. Up went the SPX, popping 60 to 65 points higher like it just discovered Adderall and Monster Energy in the same can.
As I said in this mornings briefing – it wasn’t just a jab to the ribs… it was a swift, firm kick to the plums.
At the open, there wasn’t much to do. When SPX gaps up 60 points, you don’t chase. You sip your coffee, wince, and hope your existing trades aren’t about to explode in your face.
But then something magical happened. SPX, after the overcaffeinated gap-up, looked around, panicked… and fell over. Right back into the range.
And not just into the range – through it. Again. Second breakdown of the range low.
And being the lucky nugget I am – and knowing it ain’t over until expiration – I my bear call spread collected $3 in premium came good! The chart gods were feeling kind.
Hours later, as I was mentally writing this off as a scratch, that glorious bingle-bong rang through my speakers. Exit filled. Bought back for $0.30. 90% ROC. Absolute scenes.
That made three for the day:
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✅ ORB15: Fast scalp, job done
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✅ ORB60: Mechanical, clean, max profit
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✅ Range Break Encore: Unexpected, cheeky, but oh so satisfying
Moral of the story? Stick to the system. Price might throw a tantrum, but expiration pays the patient.
Rumour Has It…
Hazel nearly choked on her wine when the third trade filled.
Live on-air, she screamed,
“Wait… that one won too?!? Who’s writing this script?!”
Sources say she then declared herself the “Goddess of Gamma” and updated her LinkedIn to include “3x Daily ROC Queen.”
The FunNuts studio issued a formal memo asking her to “please stop moonwalking through the newsroom with your wine glass raised.”
She has not responded. Mostly because she’s now sipping a second glass and penciling in “Decaying Premiums, Gaining Power” as the title of her memoir.
This is entirely made-up satire. Probably!
Breaking scoops courtesy of the Financial Nuts Newswire-because who needs sanity?
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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