Do you know what levels to watch for on SPY? -- Trade ideas for Tues Nov 18
We nailed 500% gainer traders again yesterday!
Market Context
SPY opened the week with premarket trading hovering around 663.50, showing early consolidation after Friday’s close at 665.69. The index has been range-bound between 662.17 and 685.88 over the past sessions, exhibiting a bearish bias with repeated tests of lower supports amid reduced volume. Chart patterns reveal a descending triangle formation since mid-November, with sellers dominating on rallies but buyers stepping in at key lows—suggesting potential for a failed breakdown if volume picks up on dips. Overall bias leans cautious, with volatility implied by the tight premarket range, positioning traders for quick reversals around pivot levels.
SPY/SPX VIDEO
If you are tired of overtrading, not knowing how to plan trades, and want to make more in less time, come join us.
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
If you are busy and want to see my commentary and ideas in real time consider joining THT-PRO.
Plan for Tue Nov 18
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.
Key Levels and Their Significance