Ahoy there Trader! ⚓️
It’s Phil…
It’s time to salute the bear—SPX is nearly 10% down, officially flirting with correction territory. The NASDAQ has already crossed the line, and blue-chip stocks are falling fast, shedding high single and low double digits in a matter of days.
But here’s the difference—there’s no panic. This isn’t a blind sell-off; it’s structured, calculated, and methodical. The market isn’t falling apart in chaos—it’s crumbling with precision. That tells me one thing: this move has legs.
I’m already locked and loaded on the bearish side, with 5255 as my next major target. Until we see a meaningful reclaim of 5800, I won’t even consider flipping bullish. For now, it’s all about collecting profits—or watching for hedge triggers.
⬇️⬇️⬇️ – keep scrolling for more in-depth analysis – ⬇️⬇️⬇️
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Deeper Dive Analysis:
The SPX correction is nearly here, and unlike past sell-offs, this one feels controlled, structured, and lacking in panic. That’s what makes it even more powerful.
The Market Breakdown – How We Got Here
The SPX is down 9.49%, inching closer to official correction levels. While the speed of the decline has been slow, the trend is now unmistakable—we are firmly in a bearish structure.
- Monday’s move steepened the downtrend, confirming the break below the sideways channel.
- The NASDAQ has already crossed correction territory, leading the decline.
- Blue-chip stocks are getting slaughtered, dropping in high single and low double digits.
Technical Levels – Why This Bear Move Is Clear
One of my favourite things in technical analysis is when everything interlocks perfectly—and that’s exactly what’s happening.
- The first bearish target on the daily charts has been reached, causing a minor bounce—likely profit-taking.
- The larger expanding triangle breakout target is 5255, which just happens to be 200% of the previous target.
- The next bullish play isn’t even on my radar until SPX reclaims 5800.
Trading Execution – No Need to Rush
With my bearish positions locked in, there’s no reason to chase or force trades. The plan is simple:
- Let the market do its thing.
- Wait for profits to roll in—or hedge triggers to fire.
- No new bullish trades until SPX climbs back above 5800.
Right now, the market is rewarding patience. This is what structured trading looks like—sticking to the plan and executing with confidence.
Fun Fact
Did you know? In 1929, stock tickers ran hours behind during the market crash, leaving traders guessing how much they had lost until the end of the day.
The Lesson? Market chaos rewards those who plan ahead. Unlike traders in 1929, you don’t have to wait for a newspaper headline to know what’s happening—but if you’re not following a strategy, you’re still guessing.
Happy trading,
Phil
Less Brain More Gain
…and may your trades be smoother than a cashmere codpiece