SPX Market Update: Week of May 5 (I posted this on Sunday—yesterday)
Here’s a look at the probabilities for the week ahead based on historical data:
📉 Monday, May 5 – 42.9% chance of climbing → Not a strong start.
📉 Tuesday, May 6 – 42.9% chance of climbing → Same as Monday, still weak.
📈 Wednesday, May 7 – 61.9% chance of climbing → This looks bullish. Could see a dip early in the week followed by a bounce.
⚖️ Thursday, May 8 – 52.4% chance of climbing → More of a coin toss.
📉 Friday, May 9 – 47.6% chance of climbing → Slightly below average odds.
We’re entering the time of year where trading volume starts to fade. In recent years, Memorial Day weekend has marked the unofficial start of summer, and shortly after, Wall Street tends to slow down — unless a major catalyst shakes things up.
This quiet stretch is often called “the doldrums” — marked by weak volume and dull price action. For traders trying to sell, it can mean thin liquidity and difficulty getting good exits.
That’s also why many summer rallies are short-lived and often followed by pullbacks or corrections.
Stay sharp ⚠️ and manage risk carefully as we move into the summer slowdown.
Will risk assets like BTCUSD and XRPUSD follow suit, or will they decouple this time?
SPYSPX Straddle idea If I had more liquidity, I'd buy one $5,675 Call for $1.50 and 1 $5,660 Put for $1.50. Seriously a 20 Point movement up or down could net you a $1,000 profit. Just super risky if it stays in this range all the way into close
SPYSPX The cons on SPX are so cheap near the money... not that a big move can't happen but it usually means more than likely it's going to chop till close
SPYSPX I am emotional to share that I just recovered my first trade loss today within just 5 minutes. I was feeling sad today all day, but I took courage and bought SPX 5685P at $640 per lot, and then at the drop, I sold it at $1510. I just realized again that scalping never fails in options. :( I always fail and get trapped into emotions when I hold onto options too long. Thank you, God. I hope everyone is feeling well today.... Pain and stress shit is real in trading. May God bless us all. We are doing some of the risky work. Proud of being a trader.
Only manipulation/accumulation left in this range as far as my mind can see. A long entry plus a looming short entry back to back (2 lines I have marked)
SPX Market Update: Week of May 5 
BTCUSD and 
XRPUSD follow suit, or will they decouple this time?
