Overnight action confirms rally was short squeeze. SPY / SPX Trade idea for 04-02-26
Newspapers report Iran doubts US diplomacy leading to overnight drop of $12 on SPY
Overall I was looking for a dip and rip yesterday but instead we got open, rally, sell wall, and flush in afternoon.
I got worn out by the time the trade I wanted developed and missed a 8 bagger trade. :( trade. That said, I did place a yolo bear call trade on SPX 6580c/85 at 4.50 that filled. image $500 risk to collect 2500-5000. That worked out nicely.
Our bull puts in morning also paid nicely :)
the morning was a little choppy for me since my original plan didn’t play out so originally was more or less took a couple of small losses. Then broke even followed by the flush payout.
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 Traps: Dodge Breakdowns Today
Premarket low tested—reversal setups await at key pivots
Market Context
SPY premarket closed at 645.38 after ranging 644.16-649.35, sitting between pivot 650.82 and S1 643.13. Last 5 days show choppy action with multiple failed breakdowns below 645 and breakouts above 650, volume spikes at 645.50 (2.5x avg) and 650.82 confirming support/resistance. Bias leans range-bound with downside risk below 643.13 unless 650.82 breaks.
