Ahoy there Trader! ⚓️
It’s Phil…
After a stop-start January filled with market surprises (and a few bouts of illness), it’s time to catch up on some SPX Income trade reviews.
This one from last week followed a Tag ‘n Turn setup, though my entry was a bit early. Fortunately, a well-timed bearish drop helped deliver a solid 91.4% return.
Let’s break it down.
⬇️⬇️⬇️ – keep scrolling for more in-depth analysis – ⬇️⬇️⬇️
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SPX Deeper Dive Analysis:
A Well-Timed Setup – Just a Bit Early!
Last week’s trade followed the SPX Tag ‘n Turn strategy, but my entry came a touch too soon. With price moving past my standard hedge trigger, I faced a decision: hedge or hold? Given the almost vertical rally we had been discussing in our Fast Forward Group Calls, I opted to wait.
Friday’s Bearish Breakdown Triggers Full Entry
By Friday, price finally confirmed the bearish move I had been anticipating. Three key signals aligned:
✅ A fresh “Tag ‘n Turn” setup
✅ A V-shaped entry confirmation
✅ A trendline break into new bearish territory
With all systems go, we were selling into a strong rally—just as planned.
Profits Locked In – 91.4% Return
- $3.05 collected in premium on the initial entry.
- Monday’s sharp drop & midweek consolidation helped trigger my buy-back exit.
- Final buy-back at $0.30 = 91.4% return.
Lessons & Takeaways
- Patience pays. Holding firm despite price moving past the hedge trigger was the right move.
- Stick to the system. All bearish triggers aligned perfectly, confirming the trade.
- A nice recovery after a choppy January. Time to stack more wins!
Fun Fact:
Did You Know? The S&P 500 has had 23 bear markets since 1928, but the average bull market lasts nearly 3 times as long! This is why riding trends & playing both sides is crucial for traders.
Since 1928, the average bear market lasts about 9.6 months, while bull markets stretch to 2.7 years on average. This highlights why it’s essential to profit from both up and down moves—you don’t want to be left holding the bag when the market shifts! The best traders? They adapt, hedge, and take opportunities in all conditions.
Happy trading,
Phil
Less Brain More Gain
…and may your trades be smoother than a cashmere codpiece