We cleaned up shop before lunch today. Game Plan members were in the 655 put zone this morning, selling in all the way down while Iran headlines were flying. Profits booked before noon. While the market did bounce… we spent the day not care. That is the whole point of trading levels instead of news. You are not betting on whether the war ends. You are betting on price levels where the probability stacks in your favor. More volatility means wider zones and more room to work. This environment does not scare me. It is opportunity. Now let me tell you what I actually see on the chart, because the thing that concerns me has nothing to do with Iran. The market was already rolling over in February. Stocks like Microsoft were already pressing the index lower before a single missile was fired. The market sold off because something was

I'm not worried about the gap down. I'm worried about the recovery. Here's why that matters. SPY has been building a bear flag since late February. A bear flag is what happens when the market sells off hard, bounces sideways in a descending channel, and then breaks lower. It looks like a pause. It isn't. The market is just catching its breath before the next leg down. What confirmed it today was the MACD cross, a momentum indicator that tells you when the trend has shifted. The last time we got this exact setup, a cross right at the tip of the flag, we sold off, had one more bounce, and then dropped hard. That's the pattern playing out right now. Two scenarios for this week. One, we get a gap down from some Iran-related headline and just start bleeding from there. Two, we grind up toward the 200-period moving

Trading is not complicated. It just feels that way. Last Monday in Game Plan, a SPY put zone triggered at the open. I paid a $1.80. Closed it at $3 in ten minutes. 63% gain. The zone was drawn before the market open. The picture was already there. All I did was color inside the lines. The market draws the picture for you. A channel is a price range the market keeps returning to. A ceiling it tends to reject from. A floor it tends to bounce off. The levels, the zones. It is all right there. Your job is not to predict what happens next. Your only job is to color inside the lines. That is it. That is the whole thing. I have been watching this particular channel for weeks. And if you’ve been reading Trading Today you’ve probably seen me show this chart: Upper boundary, lower boundary,