PCE triggers mini dip. Will SPY get bought? -- Plan for Tue Dec 23
Our Bull Puts paid! AlphaOS is making Credit Selling and directional bets easy. Holiday trading = extra attention to avoid over trading.
AlphaOS Charts made it super easy to get long as I alerted/discussed in the room yesterday.
Using the ideas and contracts on watch it was easy to know which bull puts to take and to take some SPX 6850c give the love it got at the open. (pink bar)
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.
Credit Selling
SPX 6850/45 bull put - WON
SPX 6870/75 bear calls - BREAK EVEN (reached 1R but want 1.5R) - Process WIN
Spectre Special
none.
tried 6880c with 95% probability of loss for 0.20.
VIDEO RECAP SPY/SPX on Dec 22
If you are tired of overtrading, not knowing how to plan trades, and want to make more in less time, come join us.
What is Two Hour Trading?
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
Stacking the deck in your favor
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Plan for Tue Dec 23
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’s Holiday Pivot Play: Strike Fast
Target 683.51 for breakout survival amid light volume
Market Context
SPY’s been grinding sideways in a tight range over the past few days, hovering between 680 and 685 since Friday’s close, with premarket action showing mild upside to 684.87. The chart reveals a classic consolidation pattern post the recent volatility spike, forming a symmetrical triangle on the 1-minute timeframe—bullish bias if it holds above 683.51, but watch for a failed breakdown below 681.5 that could trigger quick downside momentum. As a lazy momentum trader, I’m eyeing the low-volume holiday setup for easy reversals rather than chasing wild swings; overall sentiment leans neutral-positive with economic data dumps potentially sparking intraday pops or drops.
Key Events Today
8:30 am - GDP (delayed report) (Period: Q3) | Forecast: 3.2% | Previous: 3.8% | Actual: 4.3%
8:30 am - Durable-goods orders (delayed report) (Period: Oct.) | Forecast: -1.2% | Previous: 0.5% | Actual: -2.2%
8:30 am - Durable-goods minus transportation (Period: Oct.) | Forecast: -- | Previous: 0.6% | Actual: 0.2%
9:15 am - Industrial production (Period: Oct.) | Forecast: 0.0% | Previous: 0.1% | Actual: -0.1%
9:15 am - Capacity utilization (Period: Oct.) | Forecast: 75.9% | Previous: 75.9% | Actual: 75.9%
9:15 am - Industrial production (Period: Nov.) | Forecast: 0.1% | Previous: -0.1% | Actual: 0.2%
9:15 am - Capacity utilization (Period: Nov.) | Forecast: 75.9% | Previous: 75.9% | Actual: 76.0%
10:00 am - Consumer confidence (Period: Dec.) | Forecast: 91.0 | Previous: 88.7
These releases could jolt the thin holiday market—strong GDP might push SPY toward resistance, while weak durables signal caution below pivot.
