Spectre's Two Hour Trading Newsletter

Spectre's Two Hour Trading Newsletter

More All Time highs coming? -- SPY Trade ideas for 05-07-26

The Buy the Dip continues! But for how long?

May 07, 2026
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Going to keep it simple today, will wait for reaction to vwap after the first hour and join trend after.

But watch out if today turns into just consolidation.

As for our trades yesterday the bull puts worked and 7360 bear calls gave us a 50% collection.

With non stop gap and goes, whenever a dump does come, it will have lots of pockets to fill and we should get a 10-20x trade. but until then I’m happy to collec to 50-200%.


How to use AlphaOS to recognize shift in momentum

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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

Premarket at 735.25 tests resistance after yesterday’s 733.79 close—watch for failed breakout.

Market Context

SPY premarket closed at 735.25, above pivot 731.51 and prior close 733.79, with PMH 735.95 and PML 734.08. Recent 5-day data shows choppy action between 710-736, with multiple failed breakouts above 733 and breakdowns below 722. Bullish bias if holds above pivot, but resistance cluster risks reversal.

Highest Probability Trade Idea

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