More Consolidation on the Way for SPY? -- Plan for Tue Jan 06
Our Bull Puts and Bear Calls paid! AlphaOS is making Credit Selling and directional bets easy. Last Day of Holiday trading = extra attention to avoid over trading.
We got a gap up and push yesterday. The question is can SPY maintain its momentum.
I’ll be back to including trade reviews later in the week. I’m in the middle of a multi-mil transaction and been buried with last minute details to close first of 3-5 deals over the next month.
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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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
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Plan for Tue Jan 06
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 Survival Guide: Dodge the Drop, Chase the Bounce
Pinpoint today’s pivot battle at 687.28 for high-reward reversals
Market Context
SPY opened the week with premarket action hovering around 686.95-687.08, showing mild consolidation after Friday’s close at 687.44 on January 5. The broader context reveals a choppy range-bound market over the past five days, with prices oscillating between 679.82 and 690.02 amid holiday-thinned volume and mixed economic signals. Chart patterns point to a neutral-to-bearish bias, as SPY failed to sustain above 688 last session and tested lower supports near 684 before rebounding. Recent volatility suggests potential for failed breakdowns below key pivots, especially with Fed speakers on deck—watch for downside pressure if services PMI disappoints, but a hold above 687.28 could spark a quick bounce toward resistance.
Key Events Today
8:25 AM ET: Richmond Fed President Tom Barkin speaks – Comments on policy and inflation could sway sentiment; hawkish tones may pressure equities.
8:30 AM ET: Fed Governor Stephen Miran TV appearance – Insights on rate path amid recent data; dovish signals might lift SPY.
9:45 AM ET: S&P final U.S. services PMI (December) – Expected steady at 52.9; a miss below 52 could trigger selling, while beats support upside.
These events cluster pre-open, potentially amplifying volatility around 9:30 AM ET open. Position sizing is crucial to navigate any whipsaws.
