Hey Traders,
Just three short weeks ago, I said Don’t let hope blind you.
At the time, SPY had just managed to peek above the 20-day moving average. The bulls were getting excited, the headlines were turning rosy, and traders were starting to lean in.
But I told you to pump the brakes.
Back then, I said:
“At this pace, by the time we see prices crawl above the 50 and 200 day moving averages, we might not see a truly bullish setup until we’re most of the way through summer… if we’re lucky.”
Well, here we are — not even to Memorial Day yet — and the market’s already punched through all three major trendlines.
Lucky? Maybe.
But surprised? Not really.
Because I wasn’t making a prediction.
I was reading the structure.
That’s the difference between guessing and trading with discipline.
When I wrote that line, the trendlines were still stacked the wrong way. And we had overhead resistance from all directions.
So what did I do?
I stayed with the plan:
- Sell premium
- Let the bounce come to me
- Stick with short-term, high-odds setups
No emotion. No panic. No hope trades.
Now, fast forward three weeks and yes — things are starting to look a whole lot better.
The major indexes have crossed above all three EMAs. The market’s trying to flip bullish.
And every day that it stays above those trendlines is another step closer to confirming a new trend.
We’re not out of the woods yet.
But we’re on the path.
And that’s why I trade this way.
Because if I’d been hoping for a bullish breakout back in April, I would’ve jumped in too early and gotten slapped around.
If I’d been predicting we wouldn’t see a recovery until summer, I might’ve missed this breakout entirely.
But when you adjust your trading to what you actually see developing in the market?
You stay sharp. You stay ready. And you adjust as the market evolves.
That’s how we win in this game.
Let the others chase headlines or wait for “feelings” to turn bullish.
I’m going to keep doing what I’ve always done:
Read the chart.
Follow the lines.
Play the odds.
And right now?
The odds are starting to tilt in our favor again.
Trade well,
Jack Carter
P.S. Have you seen these massive orders the “Big Money” is just placed on TSLA?
