Ahoy there Trader! ⚓️
It’s Phil…
The SPX is brushing up against record highs and moving into a prior trading range. I’m keeping my bullish stance, targeting reversals and breakouts. Let’s dive into the action!
The SPX continues to align with our expectations, pushing toward record highs and nestling into a previously established range. While the range suggests some consolidation, my outlook remains bullish.
Here’s what I’m focusing on:
- Bullish reversals and breakouts: Key opportunities lie in catching moves higher.
- Open trades: Current bull income swings are nearing their profit targets.
- Flexibility: Should market conditions change, bearish trades will be reassessed.
The SPX’s resilience offers a fantastic trading landscape, and I’m sticking with the plan while keeping an eye on potential pivots.
Fun Fact
In 2024, the S&P 500 has already seen a 25.5% increase year-to-date.
Happy Trading,
Phil