Ahoy there Trader! ⚓️
It’s Phil…
It’s the last day of the trading month and, as tradition suggests, the last Friday of May rarely comes in swinging. After Thursday’s teeter-totter of a session – up, then down, then nowhere – expectations for a directional breakout are lower than the caffeine level in a recycled K-cup.
Still, the plan stays the same: rules over reactions. No signals, no action. And frankly, if today turns into one of those “meh” market days, so be it. There’s always Monday.
📉 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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SPX Market Briefing
As mentioned in recent training: “We’re bullish until we’re bearish.”
That stance still holds. The system flipped bullish last Friday, and while price flirted with the upper Bollinger Band midweek, it didn’t quite touch it – no tag, no reversal. So the bullish bias remains intact.
Yet despite that bias, it’s been a week of sitting tight. No valid pulse bars, no trigger to adjust the play. The visual zones continue to keep things clear: we’re nowhere near a Tag-n-Turn to go short, nor have we seen the price action necessary to ignite a fresh hedge.
In short: the plan is working, even if it means doing nothing.
Overnight ES futures have added some excitement, but the regular sessions, not so much. These end-of-month Fridays are often sleepy. If it drifts sideways, we’ll live. If it wakes up, we’ll respond.
Until then, the week winds down with low expectations, awaiting the pulse to quicken! [ badum tsch!] , and eyes already turning toward June.
Expert Insights:
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Mistake: Forcing trades on quiet days just to feel productive
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Fix: Let the system breathe. If there’s no signal, do nothing.
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Mistake: Misinterpreting near-miss setups like a 5.4% bar as valid
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Fix: Precision matters. A “close-enough” attitude is how rules erode.
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Mistake: Forgetting market rhythm around month-end chop
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Fix: Time filters matter. Some days are meant to be ignored.
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.