Hurry Up & Wait | SPX Market Analysis 4th Oct 2024

Ahoy there Trader! ‍‍☠️

It’s Phil…

As we navigate the choppy waters of the market, it’s a classic case of “hurry up and wait!” With NFP looming, the price action feels more like a pole dancer’s grind than a thrilling stock market ride.

 


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The market’s been grinding harder than a pole dancer on a Saturday night!

We find ourselves in a frustratingly flat phase, with no real direction before the much-anticipated NFP report. My sentiment leans bearish as I look to my bullish triggers hovering above recent highs.

[ A few minutes later ]

Pre-market futures are showing the usual whipsaw price movements on the back of NFP release.

Still trapped within a messy range, it’s challenging to call the shots.

I’m waiting for a solid move in either direction to act decisively.

As the numbers from NFP roll in, keep your eyes peeled. The market loves to surprise us, and I’m ready to react when it finally breaks free from this stall!

 


Fun Fact

Did you know the U.S. stock market has around 4,000 publicly traded companies? That’s a lot of options for investors, and the diversity is as wild as a 90s boy band reunion!


 

Happy trading,

Phil

Less Brain More Gain

…and may your trades be smoother than a cashmere codpiece

 


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