Monster gap up on SPY! -- Trade ideas for 04-17-26
Possible gap up reversal setup forming. will we get a 5-10x trade today?
BTFD continues. Another profitable day. Both credit sell trades (bull puts and bear calls) went to 0. as yesterday was a consolidation day. Overnight, yesterday high cleared and market non stop rallied/squeezed.
Pay attention to my core setup today for reversals…
Reminder — We are day traders so our focus is taking advantage of the daily action and not worrying about the bigger picture. That picture can provide context, but as long as you are using the levels and price action, we can continue to extract profits daily without knowing the big picture!
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 Surge Trap: Guard Your Gains Now
Premarket rocket to 707.61 eyes failed breakout reversals
Market Context
SPY premarket closed at 707.61 after hitting a high of 707.70 and low of 702.60, sitting above the pivot at 701.12 and prior close of 701.55. Price action shows choppy consolidation with multiple rejections at 707, forming a potential failed breakout above resistances. Bias leans bearish for reversal plays if it fails to hold highs, with multi-day range from 670.53 low to 707.70 high signaling volatility risks.
