Target Exits in Sight for SPX Trades! | SPX Market Analysis 26th Nov 2024

Ahoy there Trader! ‍‍⚓️

It’s Phil…

The SPX is brushing up against record highs and moving into a prior trading range. I’m keeping my bullish stance, targeting reversals and breakouts. Let’s dive into the action!


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The SPX continues to align with our expectations, pushing toward record highs and nestling into a previously established range. While the range suggests some consolidation, my outlook remains bullish.

Here’s what I’m focusing on:

  • Bullish reversals and breakouts: Key opportunities lie in catching moves higher.
  • Open trades: Current bull income swings are nearing their profit targets.
  • Flexibility: Should market conditions change, bearish trades will be reassessed.

The SPX’s resilience offers a fantastic trading landscape, and I’m sticking with the plan while keeping an eye on potential pivots.


Fun Fact

In 2024, the S&P 500 has already seen a 25.5% increase year-to-date.


Happy trading,

Phil

Less Brain More Gain

…and may your trades be smoother than a cashmere codpiece

 


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