Does SPY get day 3 selling or a rally? -- Plan for Tue Dec 30
Our Bull Puts paid! AlphaOS is making Credit Selling and directional bets easy. Holiday trading = extra attention to avoid over trading.
Yesterday SPY broke 688 fast and dipped right into 686 for a bounce.
I’m running behind on today’s blog and so will keept things short.
Process = Profits
Lately I’ve been doing the following:
Premarket establish where we likely wont reach. Sell premium for 0.8-0.60 on open.
After 11: second positioning of credit sells.
After 3:30: start hawking/planning for a Spectre Special
What’s a Spectre Special? A yolo trade that goes 300-1000% in under 30 min.
Credit Selling
SPX 6920/25 bear call - WON
SPX 6910/15 bear call - WON
SPX 6900/95 bull put - WON
NAKED Direction
none.
Spectre Special
none
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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 Tue Dec 30
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.
Survive SPY’s Thin Holiday Rebound
Target 690.79 resistance amid FOMC minutes volatility
Market Context
SPY is showing early signs of a modest rebound in thin holiday trading, with premarket action hovering around 687.90 after closing at 687.85 on December 29. The ETF has been consolidating in a tight 685-690 range over the past sessions, forming a potential ascending triangle pattern on the 1-minute chart with higher lows since the December 26 low near 684.00. Overall bias leans neutral to bullish, supported by light volume and year-end positioning, but watch for low-liquidity traps—any breakdown below 685.65 could accelerate selling toward deeper supports, while a push above 688.43 pivot signals continuation of the micro-uptrend. The broader context remains range-bound within the week’s $680.59-$691.66 span, with no major catalysts until FOMC minutes at 2:00 PM ET.
Key Events Today
9:00 AM ET: S&P Case-Shiller Home Price Index (20 cities, October) – Forecast: 1.1% MoM; Previous: 1.4%. Actual came in at 1.3%, slightly above expectations, suggesting resilient housing but potential pressure on rates outlook.
9:45 AM ET: Chicago Business Barometer (December PMI) – Forecast: 40.0; Previous: 36.3. A reading above 40 could bolster economic optimism and support SPY’s upside.
2:00 PM ET: FOMC December Meeting Minutes – Key for insights on rate cut pace; hawkish tone risks downside, dovish could fuel a late rally.
