The market closed and this puppy did exactly what I wanted it to do, so I'm pouring myself a piña colada because we earned it.
Look at the chart.
SPY is sitting inside a beautiful upward channel and the bumpers are up.
You know when you bowl with kids and they put the bumpers in so the ball can't end up in the gutter?
It just rolls down the lane bouncing back and forth, smacks into a pin or two at the end?
That's literally what price is doing right now.
The bumpers keep this puppy from breaking down, the channel walks it up the lane, and the pins (your next leg of upside) are sitting at the end waiting to get knocked over.
Anywho, the chart is talking to me and what it's saying is: chill out.
This week was short and the chart did exactly what it was supposed to do inside the channel.
Next week is back to a full five days, but as long as the bumpers hold, the playbook stays the same.
Drift, tag, drift, repeat, sip your drink.
The path of least resistance is up until somebody breaks one of those bumpers, and nobody is breaking anything right now.
The bulls have the lane, the bumpers are doing the work, and we are just along for the ride collecting passive income while it happens.
Stop white-knuckling every intraday wiggle.
The structure is intact, the trend has bumpers, and the pins are right there waiting.
If you want the actual zones I'm trading inside this channel every morning before 10, that's what we do every day inside Game Plan. Slushies optional but encouraged.
Rock On,
Voz