Ahoy there Trader! ⚓️
It’s Phil…
Friday gave us a surprise rally, crushing bearish hopes and propelling SPX through the bull trigger. But don’t get too excited just yet—signs point to a potential pause before the next big move. Let’s dive into the analysis and trades.
The Setup:
Friday’s failed bearish continuation hinted that something big was brewing. SPX broke through its bullish trigger, printing bullish pulse bars and confirming a clear “Tag ‘n Turn” opportunity.
The Trade:
- A broken wing butterfly was entered and then 4 days later exited 5 minutes before the holiday half-day close.
- $12.00 in premium was collected, setting the stage for a a strong profit after a rally.
⏳ The Execution:
- Monday unfolded with the anticipated pause, as discussed in prior analysis.
- By Wednesday, SPX rallied sharply, hitting the profit target in just 4 days.
- A precise entry and exit brought another stellar win for the SPX Income System.
✅ The Results:
- 90.7% return in 4 days
- Broker statements confirm another fine trade.
- A perfect end to November and December's bullish theme!
With these trades, we continue to prove that planning and discipline lead to steady profits, even during the festive season.
Happy Trading,
Phil