Ahoy there Trader! ☠️
It’s Phil…
Today, the SPX is gapping higher past my bull hedge trigger.
As market internals bounce from bearish to bullish extremes, we face an exciting moment to capitalize on the potential breakout.
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The SPX is off to a strong start, gapping higher past my bull hedge trigger.
This morning, market internals have flipped from a bear extreme to a bull extreme.
Talk about a rollercoaster!
Just recently, the range transformed from a horizontal snooze fest to a more defined rising channel—much to the dismay of those who abhor ranges!
I’ll be holding my breath this morning, waiting to see if we close above my bull hedge trigger before making any new moves.
Keep your eyes peeled, traders!
Happy trading,
Phil
Less Brain More Gain
…and may your trades be smoother than a cashmere codpiece