Market continues selling - Trade Ideas for Thu Mar 19
Monster idea played out on 673 short Friday. Which Trade Idea pays us today? Will our win streak continue?
Yesterday right back to our regularly scheduled wins. I took bear calls and bull puts, cutting the bull puts and adding to the bear calls once it was clear that downside was coming.
I also shared a Spectre Special. I alerted I liked SPX 6650p for $3-5 when it was around $12 target 20-30 by end of day.
Sure enough it dipped to 4.50 and then ran to $20+
Overnight 660 support broke. let’s see how market pays us today!
How to use AlphaOS to recognize shift in momentum
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.
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SPY’s Oversold Bounce: Profit from Fear
Today’s gap down creates a high-probability reversal setup at critical support
Market Context
SPY opened premarket at 656.95, gapping down significantly from yesterday’s close of 661.51. This 4.56-point gap represents a -0.69% decline, bringing price dangerously close to the key support level at 655.59. The selling pressure intensified throughout the premarket session, with price touching as low as 656.40 before stabilizing. This oversold condition near major support creates an ideal environment for failed breakdown reversals, especially given the lack of major economic catalysts today.
