Ahoy there Trader! ⚓️
It’s Phil…
Another week wraps up, and as I eye Monday’s open, I can’t shake a sense of déjà vu.
The last two weeks started with a gap down, followed by a bearish finish into the weekend.
Super Bowl Sunday is also here – Can the Kansas City Chiefs complete an unprecedented three-peat in Super Bowl 59 or will the Philadelphia Eagles gain revenge? Just like the markets, only time will tell and we will have to wait and see.
That said, Friday’s setup is setting the stage for another pop ‘n drop. The only question? What triggers the fall this time?
⬇️⬇️⬇️ – keep scrolling for more in-depth analysis – ⬇️⬇️⬇️
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SPX Deeper Dive Analysis:
Mondays Have Been Bearish – Will This One Be Too?
The last two Mondays started with a gap down, followed by a bearish move into the weekend. If the pattern holds, next week could open with a bang – but not necessarily to the upside.
Super Bowl & The Markets – A Perfect Parallel?
The markets are playing their own Super Bowl showdown. Will the bulls make a comeback, or will the bears crush their hopes yet again? Just like the Chiefs vs. Eagles, we can only wait and see.
Friday’s Bearish Setup – A Warning Sign?
- V-shaped reversal entry ✅
- Bearish pulse bar confirmation ✅
- Similar daily bar pattern to the last two Fridays ✅
So What Happens Monday?
If history repeats itself, we could see:
- A pop higher at the open, luring in buyers
- A sharp drop shortly after, trapping the late bulls
- A repeat of the last two weeks’ bearish close
Key Takeaway: The setup is there. Now we wait for the trigger.
Fun Fact:
Did you know? The Super Bowl Indicator suggests that if an AFC team wins, markets go bearish, but if an NFC team wins, markets go bullish.
The Lesson? As ridiculous as it sounds, market psychology is a wild beast. While we don’t trade superstition, it’s always fun to see how random events get tied to stock performance.
Happy trading,
Phil
Less Brain More Gain
…and may your trades be smoother than a cashmere codpiece