Vix Alert'VIX Alert' is a simple and accurate trend deviation alert system using the VIX index and S&P 500 index.
SPX trade ideas
Trading a Pause in the Price Action
Some candlestick patterns shout their intentions, while others quietly mark a pause before the next move. The Doji falls into the latter category—it doesn’t tell you which way the market is going next, but it does highlight a moment of indecision that often precedes a meaningful move.
While traders sometimes mistake it for a reversal signal, the real significance of a Doji comes when price decisively breaks beyond its range. Let’s explore what a Doji represents, why its range is key and how traders can use it in different market conditions.
What Is a Doji?
A standard Doji forms when a market opens and closes at or very near the same price. This creates a candle with a thin or non-existent body and wicks on either side, showing that price moved up and down during the session but failed to establish a clear direction by the close.
The key takeaway? A Doji does not indicate a directional bias—it simply reflects the natural market cycle between indecision and decisive direction. It tells us that neither buyers nor sellers had the upper hand during that period.
Standard Doji Pattern
Past performance is not a reliable indicator of future results
The Doji’s Range: Why It’s Important
Rather than trading the Doji itself, the focus should be on its high and low. When price breaks and closes beyond the Doji’s range, that’s when a potential trade setup forms:
• A close above the Doji’s high suggests buyers have taken control, increasing the likelihood of further upside.
• A close below the Doji’s low signals sellers are in charge, making downside continuation more probable.
This makes the Doji a pattern that doesn’t rely on lagging indicators. It provides a forward-looking view, allowing traders to anticipate where momentum might emerge.
A single Doji can be significant, but clusters of Doji candles—where price hesitates over multiple sessions—can create even stronger setups, particularly when they resolve with a decisive breakout.
Doji’s Range Becomes Significant
Past performance is not a reliable indicator of future results
Doji Breakout
Past performance is not a reliable indicator of future results
How to Use the Doji in Trading
The Doji pattern works across all timeframes, from intraday charts to daily and even weekly price action. Looking at USD/JPY on the daily timeframe (see chart below), four Doji formations highlight how the pattern plays out in real-world trading:
USD/JPY Daily Candle Chart
Past performance is not a reliable indicator of future results
Pattern 1 (Monday, 25th November 2024): A Doji formed, followed by a strong break below its range, leading to a clear move lower.
Patterns 2 & 3 (Early December 2024): Two Doji candles appeared close together, forming a Doji cluster. This hesitation phase was followed by a steady directional move higher.
Pattern 4 (Early February 2025): The initial break below the Doji’s range led to a short-lived move lower. However, price then pulled back, retested the Doji, and only after that retest did a more sustained downside move develop.
These examples show that the Doji is not a trading signal in isolation—it needs a decisive break to confirm the next move.
Trading the Doji Breakout
If a trader is looking to enter based on a Doji setup, they should consider the following:
• Wait for Confirmation – The most important factor is the breakout. A Doji on its own is just indecision; it’s the next candle that provides the real clue.
• Identify the Key Level – The high and low of the Doji form a mini-range. A close outside this range is the real signal.
• Manage Risk Properly – A common approach is to place a stop-loss just beyond the opposite side of the Doji’s range.
Because Doji candles highlight hesitation, they often form at key support or resistance levels. When price is already in an established trend, a Doji can act as a temporary pause before continuation.
Summary:
The Doji is a pause in price action, not a guarantee of reversal or continuation. The real significance lies in how price reacts after the Doji forms—a decisive break and close beyond its range is the key trigger.
While traders often focus on patterns that appear to provide clear direction, the Doji offers something different—it marks the moment before clarity emerges. Whether it leads to a breakout, a trend continuation, or a reversal depends entirely on the price action that follows.
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
SPX Stalls at Resistance - Here's What I’m Watching SPX Stalls at Resistance - Here's What I’m Watching | SPX Analysis 26 Mar 2025
You know that scene in every action movie where someone’s finger hovers over the big red button… and they don’t press it?
That’s me right now.
Because once again, sitting back and waiting for a cleaner entry zone is paying off. SPX tagged the upper Bollinger Band – like a polite tap on the shoulder – but hasn’t turned with any conviction.
No pulse bars. No reversal. Just a stall.
And that, my friend, is where we earn our edge – not by reacting early, but by knowing when not to act at all.
---
Deeper Dive Analysis:
Markets don’t always reward the busy. Sometimes, the biggest wins come from doing… nothing.
And today is one of those days.
📍 SPX tagged the upper Bollinger Band
⏸️ But instead of turning sharply, price paused
🚫 No bearish pulse bars yet – which means no confirmed reversal
We’re in “hover mode”.
Which, translated to trader speak, means:
"Don’t be clever. Just wait."
🎯 I’m staying bullish above 5700
🧭 But I’m not placing blind trades just to feel productive.
If price breaks and holds above 5700, I’ll consider scaling in for a bullish continuation.
If we slip back below 5700, I’ll reassess for bearish setups and pulse bar confirmation. But until then? My finger’s off the button.
Why? Because I know this pattern.
The tag-with-no-turn often just means we’re not done yet. The trend might still have gas in the tank, or it’s winding up for a more dramatic move later.
Either way, I’m not front-running it.
And honestly? Watching others flinch and overtrade while I sip tea and wait is one of life’s great pleasures. 😎
---
Fun Fact
📢 In 2006, someone accidentally sold 610,000 shares of a stock instead of 1.
💡 This infamous “fat-finger trade” cost Mizuho Securities $225 million in one afternoon — and became one of the most expensive typos in trading history.
Moral of the story?
In trading – as in typing – sometimes doing nothing is smarter than doing something fast.
Intraday Buy Opportunity: US500Intraday Idea - We look to Buy TRADENATION:US500 at 5735
Technical View
Trades at the highest level in 12 days
The rally has posted a correction count on the intraday chart
An overnight negative theme in Equities has led to a lower open this morning
Bespoke support is located at 5735
Previous resistance, now becomes support at 5725
Stop: 5695
Target: 5867
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
26/3/25 Bulls Need Follow-through, or Stall at 20-Day EMA?
The market tested the 20-day EMA and the January 13 low in the last 2 trading days.
In our last report, we said the buying pressure is stronger than the selling pressure (bear bars with no follow-through selling) and the odds slightly favor the market to still be in the sideways to up pullback phase.
The bulls want the market to form a 2 legged sideways to up pullback testing the 20-day EMA, 200-day EMA or the January 13 low. They got what they wanted.
The pullback currently has more bull bars vs bear bars with no follow-through selling. The bulls are stronger.
The market has formed 3 pushes up, therefore a wedge (Mar 17, Mar 19, and Mar 15).
If there is a pullback, the bulls want at least a small sideways to up leg to retest the current leg high (Mar 25) after that, forming a larger double top bear flag.
The bulls must continue creating follow-through buying above the 20-day EMA to increase the odds of testing the March 3 high (start of the bear channel).
The bears see any pullback as minor. They expect at least a small second leg sideways to down to retest the Mar 13 low after the pullback phase.
The strong move down slightly favor the first pullback to be minor and not lead to a reversal up.
They must create strong bear bars with follow-through selling to show that they are back in control.
They want the 20-day EMA and the Jan 13 low to act as resistance.
The prior climactic selloff and parabolic wedge increase the odds of a pullback which is underway.
For now, traders will see if the bulls can continue to create follow-through buying above the 20-day EMA, or will the market stall around the current levels instead?
If there is a pullback, traders will see if the bulls can create a retest of the current leg high (now Mar 25) and the strength of the retest.
If it is weak and is a lower high, another sideways to down leg to retest the March 13 low will increase.
For now, the market may still be in the sideways to up pullback phase.
But the wedge pattern is increasing the odds of a small pullback.
Hellena | SPX500 (4H): LONG to resistance area of 5830.Colleagues, the previous forecast is not canceled, but I decided to update it a bit in the form of a new forecast. I have set the target a little closer, so that I don't have to wait too long.
I believe that the price will continue its upward movement and will reach the area of 5830. It is quite possible that the price will correct to the area of 5597, completing the wave “2” of small order.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Mastering Market Movements: Understanding Impulses and CorrectioHello,
Navigating the stock market successfully isn’t just about luck—it requires a keen understanding of market trends and the ability to spot price patterns. One of the most useful concepts traders rely on is the interplay between impulses and corrections. Recognizing these alternating phases can provide valuable insights into potential price movements, allowing you to make more confident and informed trading decisions.
In this article, we’ll break down what impulses and corrections are, how to identify them, and how you can use them to improve your trading strategy.
Understanding Impulses and Corrections
Stock prices move in cycles, alternating between strong trends (impulses) and temporary retracements (corrections). These movements are driven by market psychology, where shifts in supply and demand dictate price action.
Impulses: The Driving Force of Trends
Impulses are powerful, directional moves in the market that reflect strong momentum. These often occur when sentiment aligns with fundamental catalysts, such as positive news, strong earnings reports, or broader market trends. Impulses are the backbone of trends and can provide great opportunities for traders who know how to recognize them.
To spot impulses, look for:
Strong Price Movement: Impulses are characterized by significant and sustained price shifts, indicating a surge in buying or selling pressure. This is as shown in the
Volume Expansion: When an impulse occurs, trading volume typically increases, confirming that more market participants are involved and supporting the price movement.
Break of Key Resistance or Support Levels: Impulses often push through important technical levels, signaling strength and the continuation of a trend.
Corrections: The Market Taking a Breather
Corrections, also called retracements or pullbacks, are temporary price reversals within an ongoing trend. They provide opportunities for the market to pause before resuming its dominant direction.
To identify corrections, watch for:
Counter-Trend Price Movement: Corrections move against the main trend but usually retrace only a portion (25% to 50%) of the previous impulse.
Lower Volume: Unlike impulses, corrections occur on decreased trading volume, suggesting a temporary decline in market participation.
Support and Resistance Levels: Corrections often find support or resistance at previously established price levels, which can serve as potential reversal zones.
Applying Impulses and Corrections in Trading
Understanding these market phases can significantly improve your trading approach. Here’s how:
Identifying Trends: By observing a sequence of impulses and corrections, you can determine the overall market direction and align your trades accordingly.
Finding Entry and Exit Points: Impulses signal strong trends, while corrections present opportunities to enter trades at better prices before the next move higher or lower.
Managing Risk: Setting stop-loss levels strategically—such as below key support levels during corrections—can help minimize losses while allowing room for potential gains.
Final Thoughts
Recognizing and utilizing impulses and corrections can make a huge difference in your trading success. By learning to identify these patterns, you’ll gain deeper insights into market behavior, improve your timing, and enhance your ability to make smart, strategic moves.
Take a look at the US500FU chart—it clearly illustrates impulses and corrections in action.
Good luck, and happy trading!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
#SPX - 26 MarSPX made a nice bottom off PZ yesterday and moved up.
Today, I am looking for a possible move down to 5750, make a new low but find buyers to move higher to 5860.
S&P500 Short: Expecting Price to Fall back below trendlineFor this idea, there are 2 things to take note:
1. I believe the breakout to the upside to be a false breakout. Thus price should fall back into the channel.
2. The "C" wave is slightly shorter than "A" wave, but it shouldn't matter since corrective wave does not conform to the "3rd wave cannot be the shortest" rule.
If you are an active trader, you can choose to place your stop where I indicated. But if you are really more swing trader and can take wider swings, then I recommend putting stop above where the Fibonacci shows 1.
Good luck!
Look before you leap. Two up days this week on top of pricing holding support in the previous week.
Sound like a good time to be a buyer? Consider this weekly chart of SPX and its trendline over the last year. When was the last time you saw price make a new high that began like this?
Oh it can happen, I'm just point out that it is a low-probability bet right now. It would be far more likely for SPX to break its trendline and head lower than it would for prices to make a new high. Think about that before you make your next purchase in stocks.
SPX 5800 Strong resistance200 days HILO EMA central line has always given a strong support resistance in the past and I would expect that to be so this time as well. Since the market structure broke when prices crossed the lower outer ema band, even if the price goes above the middle line I would not consider it to be bullish.Only when the prices hit the upper or lower band a new trend can be confirmed.
For now I am just going to be short term trader and a cautious long term investor accumulator
of fundamentally good stocks. Not Tesla :)
Notice how the inner lines align with the the other lines before the breakdown! A kind of step formation, indicating the period selection of 200 ema is sound
$DXY 10% Declines along with $SPX declines from 1987-1995In case you are wondering if the drop in the $USDOL TVC:DXY US Dollar of 10% from a high is a sign of something major going on in the stock market, it reminded me of research I did right when I got out of college in 1987.
Here's a quick overview of that pattern of TVC:DXY declines of 10% against the backdrop of SP:SPX or S&P500 Index declines at that time. The 1987 stock market crash is on the far left of this graph and gets the chart started for you to review.
The 10% drops from highs in the TVC:DXY index are labeled with yellow arrows and there were 9 of them across this time series from 1987-1995.
We can imagine how a Non-US investor would handle both a drop in the TVC:DXY and a drop in the SP:SPX , but a drop of both the TVC:DXY and SP:SPX of 10% together would mean a loss of 20% for the non-US investor. That is a painful loss and perhaps more than investors wanted to risk.
Historically, it was a good time to look for a stock market bottom AFTER a drop in the TVC:DXY index and the green boxes at the top show the risk of a deeper decline in the SP:SPX was minimal after this scenario.
So the end result of this analysis is that the Dollar can be viewed as a contrarian indicator after a meaningful decline, as in 10% in this time frame. Look for other signs of a market bottom, especially using my TVC:VIX signals (5 point spike indicator and VIX75% retracement) to help define a bottom. The VIX75 signal triggered on Monday, March 24th, indicating that the panic from the selloff had moderated to a point enough to signal that the panic was over.
Do some more research for yourself and see if the TVC:DXY drop was an "asset allocation" shift as US investors bailed out of US stocks to invest in non-US stocks or was it another wave of non-US investors dumping US stocks to cut risk.
Either way, know what you are investing in and question everything. These days, it is more important to be educated and use TradingView to chart and research the past will help you be a more educated investor.
Cheers,
Tim
Midpoint Gap Theory 3/26/2025Start with the assumption we hit 6165 on 3/31/2025.
Continue with assumption that tomorrow we gap up.
The middle of that gap is the middle of the entire move.
Hence the target set.
Take ProfitsIf you took the trade, good job.
We are at the 200 SMA, and this is a natural location to take profits.
Expecting some additional chop, the market never moves in a straight line... but the worst of it is over. If we retest the lows, I will buy again. If we retest the highs... or take too long... I will monitor for a new short.
Stock Market Bull TrapThis could be another VERY sneaky bull trap morphing into existence for stock markets.
You have been warned.
potential next target of 8000 for SPXAnalysis of the Chart:
Bull Run Identified:
Two bullish trends are highlighted after 10% corrections.
After each pullback of ~10%, the market resumed its upward trajectory.
Correction Zones:
First correction (~10.29%) occurred in mid-2023.
Second correction (~10.27%) happened recently in early 2025.
These corrections are typical in bull markets, indicating healthy price consolidations before further upside.
Next Target:
The chart suggests a potential next target of 8000 for SPX.
This implies a continued bullish trend and significant upside.
Conclusion:
The S&P 500 has experienced multiple bull runs after 10% corrections, indicating a strong uptrend.
If historical patterns repeat, the market could move towards 8000, provided macroeconomic conditions remain supportive.
BEARISH ALT WAVE PEAKING NOWThe chart posted is the Bearish alt we should Not rally anymore is I am correct and if there is a bearish alt. I am looking for a 3 wave drop in the form of an abc decline we should decline to a window of .786 in total of the rally from 5504 or Make a small new low to 5489. Then we should rally very sharp in a 5 wave rally to 50 % or .618 of the The drop from 6147 This is the ONLY BEARISH WAVE COUNT Best of trades WAVETIMER
US500 - Are Bulls Setting Up for a Bullish Push?Overview of Market Structure
The US500 has been trading in a well-defined bearish channel for an extended period, continuously making lower highs and lower lows. This downtrend was respected until recently, when the price broke out of its bearish structure, signaling a potential shift in market sentiment.
Following the breakout, price also breached a key resistance level (marked in red), which had previously acted as a significant supply zone. Now that this resistance has been broken, it may flip into a support level, offering a high-probability area for a bullish continuation.
I expect price to retest this newly-formed support zone before continuing its move upward, targeting the unfilled imbalance zone above (highlighted in green).
Breakout of the Bearish Structure
One of the most important aspects of this setup is the confirmed breakout of the bearish structure. The market was respecting a descending channel, creating lower highs and lower lows. However, with this breakout, price is no longer following the previous downtrend pattern.
A breakout like this often leads to a shift in market direction, meaning buyers are now in control, and the next likely move is bullish continuation.
Resistance Break & Potential Support Retest
The red zone represents a major resistance level that has now been broken. This area had previously rejected price multiple times, showing that sellers were strongly defending it.
Now that price has successfully closed above this level, we can anticipate a retest of this area as new support before price resumes its move higher. This is a classic example of a resistance-turned-support flip, a key concept in technical analysis.
Imbalance Zones & Price Efficiency
An important part of this trade setup is the unfilled imbalance zone above. When price moves too quickly in one direction, it often creates gaps or inefficiencies in the market, which tend to get revisited later.
The unfilled imbalance zone above (highlighted in green) is a key target for this bullish move.
Price is likely to fill this inefficiency after confirming support at the previous resistance level.
Since price action tends to seek out liquidity and inefficiencies, this gives us a clear roadmap for the next likely movement in the market.
Why This Trade Has High Probability
Breakout of Bearish Structure – This suggests a potential shift from a downtrend to an uptrend.
Resistance Turned Support – A classic market structure retest that provides strong confluence for a bullish move.
Imbalance Fill – The market tends to fill inefficiencies left in impulsive moves, making the imbalance zone above a logical target.
Liquidity Grab Potential – Retesting the broken resistance could serve as a liquidity grab before price moves higher.
Conclusion
This setup provides a high-probability long opportunity based on a bearish structure breakout, resistance-turned-support retest, and imbalance fill target. If price follows the expected path, we should see a retest of the red zone before a bullish continuation into the imbalance zone above.
By patiently waiting for price confirmation at key levels, this trade offers a strong risk-to-reward ratio while aligning with smart money concepts and price efficiency principles.
__________________________________________
Thanks for your support!
If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀
Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! 📈
Retest SPX 200 SMA Patience The S&P 500 (SPX) is at a pivotal moment this week as it tests its 200-day simple moving average (SMA), a key technical level that often dictates market sentiment. With volatility creeping higher and investors weighing economic data, interest rate expectations, and earnings forecasts, the index's ability to hold this level could determine the next directional move.
I am staying patient, watching and waiting. A successful defense of the 200-SMA could signal a bottoming process, inviting dip buyers back into the market and potentially setting up a rebound toward key resistance zones. Conversely, a confirmed breakdown below this level could trigger a wave of technical selling, accelerating downside momentum as traders reassess risk exposure.
For now, I remain on the sidelines. I go long when Kenjen is above price, ensuring I trade with momentum and confirmation rather than speculation. All eyes are on how price action develops around this crucial support.
S&P INTRADAY ahead of US Consumer Confidence data The Consumer Confidence Index, set to be released today at 14:00 GMT by the Conference Board, measures consumer sentiment on spending, jobs, inflation, and the economy. Since consumer spending drives the U.S. economy, a strong reading can signal bullish momentum for equities, while a weak reading may indicate bearish sentiment. Traders watch this data closely for insights into market direction.
Key Support and Resistance Levels
Resistance Level 1: 5780
Resistance Level 2: 5844
Resistance Level 3: 5920
Support Level 1: 5660
Support Level 2: 5604
Support Level 3: 5500
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Where Next for the S&P 500?
With the S&P 500 tumbling 10% from its mid-February highs, we take a look at whether this correction is running out of steam—or just getting started. A weak bounce and a looming resistance zone suggest the index has work to do before the bulls can regain control.
Tariffs, Turmoil, and the End of ‘American Exceptionalism’?
For much of the past two years, U.S. stocks have outpaced global peers, fuelled by strong economic growth and corporate earnings. But that narrative is being rapidly unwound. Trump’s sweeping tariffs on imports from Mexico, Canada, and China have triggered fears of a slowdown, prompting Wall Street to question how long U.S. assets can maintain their edge.
The fallout has been brutal. The Federal Reserve has already downgraded its growth forecasts, citing tariffs as a key headwind. Meanwhile, a rare twin sell-off in both the U.S. dollar and equities suggests global investors are losing confidence in the ‘American exceptionalism’ trade. Add to that a sharp decline in major tech and healthcare stocks, and it’s no surprise the S&P 500 has struggled to find its footing.
A Weak Bounce, a Tough Road Ahead
After a sharp sell-off, the S&P 500 has started to consolidate, but there’s little sign of momentum shifting in favour of the bulls just yet. While the index has bounced from its March lows, price action remains sluggish, and a key resistance zone is emerging.
The 200-day simple moving average, the broken January swing lows, and the volume-weighted average price (VWAP) anchored to the trend highs all align to form a confluent resistance zone to keep a close eye on. Even if buyers can push prices higher, this confluence suggests they’ll need to overcome strong overhead pressure before any sustained recovery can take hold.
S&P500 Daily Candle Chart
Past performance is not a reliable indicator of future results
Short-Term Traders Eye the Range
On the hourly chart, last week’s price action has carved out a well-defined range, setting up a key battleground for short-term traders:
• A break above the range could see the S&P 500 challenge the resistance zone outlined on the daily chart.
• A break below would likely put the March lows back in play, potentially triggering another leg lower.
S&P 500 Hourly Candle Chart
Past performance is not a reliable indicator of future results
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Bear Slippers Off. Bull Boots Laced.Bear Slippers Off. Bull Boots Laced. | SPX Analysis 25 Mar 2025
The tide turned Monday, and for once, the charts didn’t just mutter vaguely in Morse code – they actually gave us something to work with.
After weeks of grindy, gummy-bear movement, SPX finally flashed a bullish signal. The classic breakout-pullback has shown itself on the 30-minute timeframe, and the daily chart has joined the party with a sharp reversal, flipping us right back into the prior range.
Let’s just say this… not rolling those final bear swings? Smartest decision I didn’t overthink. I just wanted to stop the bleeding. Turns out, it also kept me out of harm’s way.
Now, with the bear slippers safely tucked back into the winter cupboard, I’m eyeing the bull setups. But as always – I’m not jumping just yet…
---
Deeper Dive Analysis:
Monday brought a much-needed shakeup – not the kind that rattles your coffee mug off the desk, but the kind that whispers: “Something’s changed…”
And it has.
The 30-minute chart formed a clean breakout-pullback, the kind you could frame on the wall and call “textbook.”
The daily chart? We’ve got a bullish reversal pattern that’s pushing price back into the old range.
That means my bearish bias has officially flipped.
Goodbye bear slippers. Hello, Bull Boots.
Let’s talk about those bears for a moment…
Last week’s trades didn’t go to plan. Friday’s rally chewed them up, and instead of rolling endlessly like a gambler doubling down, I did what needed to be done: closed them. Cleared the head. Took the "L".
And now, I’m glad I did.
Sometimes, the best trade is no trade. Or at least, no new pain.
During my Fast Forward mentorship call, we did our usual morning deep dive.
We looked at:
The GEX flip (Gamma Exposure momentum line)
Intraday call wall pressure
And the speculative cap at 5765 for the high of day
With that info, I made the call to delay my bull swing entry. Why chase a top when the market’s whispering “pullback pending”? I’d rather find a smarter entry… with more meat on the bone.
So what now?
Bias is bullish
5765 & 5805 = overhead friction
Waiting for a deeper pullback before entering long - Ideally 5720
My trigger’s locked. My chart’s marked. Now I wait.
And if that pullback doesn’t come?
Fine. I’ll let it go and re-evaluate. No FOMO. No flinching.
The plan is simple: Trade with the setup, not the hype.
--
Fun Fact
Benjamin Graham once said, “In the short run, the market is a voting machine. In the long run, it is a weighing machine.”
But he never accounted for meme stocks, social media panic, and Reddit-fuelled rocket ships.
Today, it often feels like the market's a slot machine with a Twitter feed.
Still – patterns like breakout-pullbacks?
They’re timeless, regardless of the noise.
SPX buy to 5,867Quick Buy to 5,867 , possible rejection at 5,867 may be a sell down to 5,680-5,700 to create higher low then continue the uptrend we are in.
