SPX Analysis

Ahoy there Trader! ‍‍⚓️ It’s Phil… The market’s heartbeat may sound like a steady drum, but the Buffett Indicator is screaming overvaluation at 202.2%! Before you grab your parachute or double down, let’s unpack what this ratio reveals about the stock market and where it might be headed. Buckle up – it’s time to dive […]

Ahoy there Trader! ‍‍⚓️ It’s Phil… This week’s market action feels like walking a tightrope blindfolded. Thursday’s half-day session adds to the suspense, but all eyes are on Friday’s Non-Farm Payroll for the real show. SPX is consolidating near Bollinger band lows, teasing us with potential moves. Let’s dive in before the market decides to

Ahoy there Trader! ‍‍⚓️ It’s Phil… Chart patterns in real-time aren’t as clear-cut as those picture-perfect textbook examples. They mutate, evolve, and sometimes defy expectations. Today, we dive into why adaptability and patience are your ultimate trading tools – especially when the market sends mixed signals.   SPX Deeper Dive Analysis: The challenge with identifying

Ahoy there Trader! ‍‍⚓️ It’s Phil… It’s been a week of twists and turns—both in the markets and personally (a torn back muscle from coughing? Really?). The SPX bullish swing bias from Friday held up, pushing through 5940, but conflicting patterns have me watching carefully for what’s next. Let’s dive in.   SPX Deeper Dive

Ahoy there Trader! ‍‍⚓️ It’s Phil… The markets are grappling with uncertainty, and the charts are no less conflicted. The markets are sinking and thankfully not crashing in the light of the two horrendous terror attacks. Our thoughts and prayers go to all those impacted by these atrocities.   SPX Deeper Dive Analysis: The SPX

Ahoy there Trader! ‍‍⚓️ It’s Phil… The markets are doing a weird bull/bear hokey-cokey, teasing both Santa Rally cheerleaders and the doom-and-gloom brigade. Will the rally hold, or is a rug pull waiting to trip us up? Let’s dive in and see if SPX is ready to rip or flip!   SPX Deeper Dive Analysis:

Ahoy there Trader! ‍‍⚓️ It’s Phil… It seems Santa might have skipped the exchanges this year, leaving traders scratching their heads. While the festive rally is on hold, the markets are still brimming with potential as we approach the year’s end. Let’s break it all down and see if 2024’s last days bring a gift-wrapped

Ahoy there Trader! ‍‍⚓️ It’s Phil… The SPX keeps traders on their toes, bouncing back from Thursday’s dip with a bullish reversal pattern. A potential inverted head-and-shoulders pattern and the absence of bearish triggers have kept my bullish bias. But could the last week of the year bring surprises? Let’s dive in!   SPX Deeper

Ahoy there Trader! ‍‍⚓️ It’s Phil… As we wrap up this shortened trading week, SPX has been doing its best impression of a hesitant climber—nudging against the prior range low but failing to secure a firm grip. Will we see a rip to new highs or a flip into bearish territory? Let’s dive into the

Ahoy there Trader! ‍‍⚓️ It’s Phil… The big holiday has passed, but the markets are keeping the festive spirit alive! With SPX climbing into a prior trading range, the bulls are eyeing a 6100 target just in time for the “Santa Rally” buzz to linger. Let’s dive into what’s happening and how the trades are