Just Let Me Cash Out Before the Weekend | SPX Analysis 11 April Let’s be honest…
This week has been ridiculous.
The market pumped harder than a spin class on espresso because of a rumour.
Then dumped.
Then teased a breakout.
Then decided against it mid-sentence.
It’s been a full-blown rollercoaster of overreactions, headline bait, and “wait, what did Trump say now?” moments.
But amidst the noise, the plan is still holding up.
5400?
Still resistance.
Still our pivot level.
Still doing its job.
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👁️ Trader’s Eye View – Charting the Nonsense
Let’s recap what I’m seeing:
📉 Earlier this week, the 5400 bull trigger got pierced by an emotional market surge.
But there was no confirmation, no sustained breakout – and we’ve reversed since then.
Now?
We’re seeing the start of a rising channel – but every turn seems to align with a tweet, a walk-back, or a reaction to misread data.
It’s like price is drawing patterns using the tip of a headline.
That’s not conviction.
That’s chaos dressed as structure.
🧭 What I’m Doing Now
📌 Still bearish below 5400
📌 Watching for a move to 5000 or the rising channel low
📌 Will use Tag ‘n Turn, Pulse Bars, and GEX flips for entries
The ideal scenario?
Let my bear swing cash out before the close, pour something brown into a glass, and avoid blood pressure spikes over the weekend.
That’s the play.
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🎯 Expert Insight – When the Chart's Not Lying, But the Headlines Are
Mistake:
Assuming a spike equals a breakout. Trading on headline strength instead of chart strength.
Fix:
Let the level prove itself.
5400 is my line in the sand – not because I said so, but because price keeps reacting to it.
That’s structure. That’s what we trade.
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Fun Fact
In 2020, the average headline-related spike in SPX lasted under 37 minutes before mean-reverting.
This week?
We saw multiple trillion-dollar reactions last less than half an hour.
It’s not a breakout if it’s a sugar rush.
