Overnight Profits: Another SPX System Success! | SPX Market Analysis 10th Dec 2024

Ahoy there Trader! ‍‍⚓️

It’s Phil…

Yesterday’s market action served up another textbook win for the SPX Income System. With a clear setup following Friday’s trendline break, we snagged an overnight profit with ease. Let’s break it down.


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Yesterday, the SPX market gave us exactly what we were waiting for—clarity after a trendline break. Price pushed lower, breaking the horizontal range discussed in Monday’s market briefing, which triggered a textbook ORB60 entry setup.

  • A bear credit spread was used for this trade.
  • Premium collected: $3.00.
  • Trade duration: 1 DTE (overnight).
  • Result: Trade closed at $0.30, locking in a 90% return.

What’s more, this trade didn’t require constant monitoring. Once placed, it was simply a matter of letting the system do its work. By lunchtime the next day, the profits were secured.

This quick, efficient win highlights the power of the SPX Income System. Even in bearish setups, it keeps delivering steady, reliable results.


Fun Fact:

The SPX index can predict the “January Effect.” Historically, if the SPX performs well in January, it often sets the tone for a bullish year ahead. This “January Barometer” has an accuracy rate of about 75%!

The idea is that investor optimism—or pessimism—early in the year often carries forward. While not foolproof, it’s a fun seasonal quirk worth keeping in mind.


Happy trading,

Phil

Less Brain More Gain

…and may your trades be smoother than a cashmere codpiece


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