May 1, 2025

Late start today and gut instinct is crap I missed the huge move. But, I got started late because I knew my head wasn't in the right space. 2. As I continue to show myself, there's no such thing as missing a trade. What's happened has happened, now it's time to open myself to the next opportunity.

The daily gapped up above the D48, if it holds we're looking a potential inverse vommy on the daily to send us higher over the next month. Currently we are running into May's call trigger, the daily 200, and also close to April's call trigger. So, definitely some resistance to be aware of, and the face that we've already had 7 green days in a row. Not to say we can't continue, as always, there's reason for caution.

Just above is 5675/5700 which has been a key resistance turned support turned resistance level since this time last year. See the grey box below: Started as resistance 2x, then we pushed higher only to retest as support 2x before continuation. Then once we lost the level, we retested it again before tanking. TLDR we have to be extra patient at 5700, but once it picks a side, we should see a retest and continuation.

Shorter term. Yes, the daily is trying to signal an inverse vommy. The 4h and 1h are now firmly bullish, but price is currently pretty extended from their respective ribbons. It doesn't mean that we can't head higher, it just means there's a smaller probability of huge continuation.

The weekly .500 level on SPX has already hit, meaning an almost 75% we get to the 618 by tomorrow - 5680. Bias clearly up on the hourly.

Plan below. We're bullish until to 10m loses the 48ema. Given we just tapped the 618, this feels like a good place and time (11a) to consolidate, chop, before the next leg up, or a reversal. It is Thursday, so the odds of a gap fill are higher than any other day. That would be quite a reversal and drop, but we actually saw the exact inverse yesterday with a low of -2% ultimately with a positive close.

Given my headspace coming into the morning, I think it's wise to intentionally 'miss' the next opportunity. It's a great test of discipline, plus I'm always early to trades..

Extra patience. Calls only, deep in the 10m ribbon. I can scalp puts but only with a clear M top with divergence, and ideally a 3/21 flip to red. Reversals take a ton of time, so the bias is calls, and a need to wait for the ribbon to zoom into any reversal patterns.