Is SPY exhausted or will it make new highs? Trade Ideas for Wed Oct 1
1000 to 2000% gains in THT PRO room yesterday! Learn how we spotted it and planned for the gains using my levels.
Remember how I said I was frustrated the day before, well yesterday made up for it!
Yesterday I was wondering if end of month rebalancing would bring range, and BOOM!!! it came and we got paid.
The high probability trade idea was right (though the bids showed up 0.30 higher than we planned).
That said our scoops on SPX calls were amazing yield 1000-2000% and if you got 6680c at 0.25. Those went on to 4000%!!!. JK caught them at 0.30. I caught a handful too, but size was on 6670c for $1.
Watch the video to see what happened and learn how I read the action.
Remember you don’t need to force trades, you need to be patient. My process works and it pays!
VIDEO LESSON of SPY/SPX Trade Ideas
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 Wed Oct 1
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 Reversal Shield: Protect Profits Today
Spot failed breakdowns at 661 for quick upside escapes amid range-bound chop
Market Context
SPY has shown choppy price action over the last five trading days, ranging from a low of 654.40 to a high of 666.65, with yesterday’s close at 665.73. The premarket session today has been relatively flat, closing at 663.38, which sits just below the pivot point of 663.83 and above the first support at 661.01, suggesting a neutral to slightly bearish bias unless it reclaims the pivot early. Chart patterns indicate potential for failed breakdowns below recent lows around 662.00, with volume spikes confirming reversals at key intraday levels.
Key Events Today
No major events scheduled today, potentially leading to range-bound action but Government Shut Down has created some volatility.