Friday fun day! What will SPY give us Today? Trade Ideas for Fri Oct 10
Sorry, yesterday I missed the idea for the long off the Pivot, but we still managed to plan a handful of 100-200% gainers.
Great work yesterday team THT PRO. We got the short and the long!
We played this with 6720 puts and SPX 6755/60 bear calls. from 1.50 to 0! Free money.
VIDEO LESSON/REVIEW of SPY/SPX:
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 Fri Oct 10
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.
SPY Pivot Play: Guard Your Edge Today
Premarket hints at consolidation above key pivot—position for reversals amid quiet catalysts.
Market Context
SPY’s premarket close stands at 671.95, sitting just above the pivot at 671.61 after a choppy close yesterday at 671.13. Over the last five days, the index ranged from a low of 667.67 to a high of 673.94, showing repeated tests of support near 669 with failed breakdowns on high volume spikes exceeding 2x average. Chart patterns reveal a neutral bias with potential for upward momentum if holding above pivot, but watch for reversal signals near resistances as volatility eases post-earnings season.
Key Events Today
No major events scheduled today, potentially leading to range-bound action.