Ahoy there Trader! ⚓️
It’s Phil…
The SPX bulls are still in charge, pushing steadily through the middle of our trading range.
With 6100-6120 in sight, it’s almost time to lock in profits before looking for a potential Tag ‘n Turn reversal.
But today? I’m swapping SPX Income Setups for stripes and feathers – I’ll be at the zoo, capturing big cats on camera while the markets (hopefully) deliver some big wins!
SPX Deeper Dive Analysis:
📈 Bulls Are Still in Control
SPX continues to grind higher, sticking to the plan like a well-oiled machine. We’re now moving through the middle of the range, with the ultimate target at 6100-6120—where the real decision-making begins.
🎯 Profit Zone & Reversal Watch
Once we reach the upper range edge, it’s time to:
- Cash in bullish trades 💰
- Assess for reversal setups using:
- Bearish pulse bars
- V-shaped price action reversals
If the market rejects 6100-6120, we’re set for a Tag ‘n Turn reversal trade. If not? The bulls might just break out and run wild.
⏳ The Waiting Game
For now, it’s a simple equation:
- If SPX pushes higher, profits get booked. ✅
- If hedge triggers get flipped, we react accordingly. 🔄
🐯 Trading & Big Cats: A Perfect Combo?
While SPX moves, I’ll be away from my desk, enjoying a day at the zoo – one of my favourite ways to take a breather. If all goes well, I’ll return with profits in the bank and some epic wildlife photos.
So, whether it’s big trades or big cats, today is all about patience and timing. 📸📊
Fun Fact:
📢 Did you know? The first-ever stock market crash happened in 1637 – thanks to tulips. Yep, tulip bulbs were once worth more than houses, until the bubble popped.
💡 The Lesson? Just because something keeps going up doesn’t mean it will forever. Whether it’s SPX at 6100 or a market-wide rally, smart traders lock in profits before the crowd panics.
Happy Trading,
Phil