AMZN Rockets. SPY 680 gets bought! Trade Ideas for Fri Oct 31
Edge spots 400% gainer!
We nailed it again yesterday!
Amazon earnings report had investors buying! It had been stuck around 220-230 for weeks. Investors loved it and iit 250 overnight. Investors also bought the dip on SPY at 680 taking it 686 this morning! We have range = we have opportunity!
SPY/SPX Video Lesson (10min)
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What is Two Hour Trading?
Two Hour Trading is my system for finding and executing trades while spending less than two hours a day trading. My goal is to earn 100-300% on the capital I risk while waiting for 1000%+ gain trades to set up. Key benefits include:
High-quality trades with excellent reward vs. risk
Avoiding overtrading and losses from it
Trading to win vs. trading not to lose
Stacking the deck in your favor
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Plan for Thu Oct 31
Stick to process. The process and trade setups I teach works. Rinse and repeat over and over again. There will be losses. Any good system will have them. Being systematic also means the gains will repeat and come again too. If you keep changing your system/process trying in an effort to never lose a trade, you will never get to where you want to go.
Premarket at 685.2 signals upside bias, watch for reversals near 684.3.
Market Context
SPY closed the previous session at 680.46 after volatile action, with multi-day highs reaching 689.70 and lows at 671.76. Premarket trading pushed to 686, positioning above the pivot at 684.3 and testing resistance at 688.87. The bias leans bullish on sustained volume, but recent 1-minute charts show choppy reversals around key supports, suggesting potential failed breakouts if momentum fades.
Key Events Today
No major events scheduled today, potentially leading to range-bound action.