142: This Week in the S&P500: False Breakout

In this episode of Stock Market Option Trading, host Eric O'Rourke breaks down last week's failed SPX breakout and the sharp sell-off on Friday 📉. He recaps key economic events, including FOMC minutes 🏦, jobless claims 📊, and PMI data 📉, and discusses what to watch for this week, such as GDP 📈, jobless claims 💼, and core PCE 💵.🔥 Options Flow Insights: Eric dives into recent bearish options activity, key market levels, and how Alpha Crunching's trade setups are adjusting to the current conditions.🚀 Trading Automation Update: Exciting news! Eric shares details on a new automation tool 🤖 he's testing to streamline mechanical trading strategies—making trading more efficient and less time-consuming. Something he will be sharing in the Alpha Traders Club group. 💡 Tune in now for:✅ A full market recap 📰✅ Key trade ideas for the week 📊✅ The future of automated trading 🤖👉 Listen now and stay ahead of the market! 🎧Want to connect? Find me on X:Eric O'Rourke: https://twitter.com/OptionAssassinAfter that, join other listeners at https://StockMarketOptionsTrading.net and join the community for free right now where there are daily posts with clues to the where the market may be headed next. Disclaimer: This podcast is for informational and educational purposes only and should not be considered financial advice.