A Wolfe Wave? Maybe. Another Win? Definitely. | SPX Analysis 16 April 2025

Ahoy there Trader! ‍‍⚓️

It’s Phil…

What do you call it when you wake up, sip your tea, and realise the market is exactly where you thought it would be?

Answer: another day following the damn plan.

Yesterday’s price action? Snooze city. But tucked away inside that inside day was a lovely little income win, all thanks to those glorious GEX levels we’ve had our eyes glued to for weeks. 5400/5425 was once again the no-go zone. SPX tiptoed up, chickened out, and reversed politely on cue.

While retail traders yawned or second-guessed, we quietly hit our numbers. Again.

And while the surface was calm, beneath the charts… something’s stirring.


📉 SPX’s story is only half the plot.

You’ve seen the SPX, but you’re missing the macro moves, crypto chaos, and the real reason gold’s stealing the spotlight..
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🎯 “Same Setup. Same Result.”

Some traders chase action. We wait for systematic decision-making framework.

While the masses complained about a boring market day, we snagged another payday. The setup was textbook: resistance at 5400/5425, backed by GEX, ADD extremes, and the ol’ “…oh and…” wedge-in-the-making.

Throw in a mechanical bear Tag ‘n Turn and we were go for launch.

The overnight futures have started to crack the two-day range. One of the perks of short-dated expirations? You don't need massive moves – just a push in your direction, and the premium does the work for you.

And here's a wildcard for your “…oh and…” notebook:

👀 Possible Wolfe Wave forming. If valid, we could be looking at a gravity slide down to 5000.

Is it the holy grail? Nah. But if it lines up with pulse bars and structure, I’ll be ready.


Happy Trading,

Phil

📉 SPX’s story is only half the plot.

You’ve seen the SPX , but you’re missing the macro moves, crypto chaos, and the real reason gold’s stealing the spotlight..
Get the daily newsletter – short, sharp, and brutally honest.

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