PPI comea in hot. SPY rejects 675. Whats next? - Trade Ideas for Wed Mar 18
Monster idea played out on 673 short Friday. Which Trade Idea pays us today? Will our win streak continue?
Took my first loss on credit selling yesterday after a 14 day win streak outside my usual 0.25-0.50 stop out quickly process. The reason… I was impatient with entry and thought 676 was coming on SPY. The funny thing, my average was right.and I could have got out for a profit 30min later, but I would have had way too much heat. $2 average with size and it went to to $3.50 beore reach $1.20 for en exit. Bottom line, given then size I had, it was the right thing to do. better to take a $1k loss than a 6k loss if I was completely wrong and market reversed.
That said my original plan/alert for SPX 6700 bull puts for 1.20-1.50. filled when the 6730 puts hit 3.50. These went to zero. I was able to scale up on these to recover the loss. Congratulation to my sister(I’m teaching her how to do credit selling). she placed the order at 1.50 set a $2 stop (0.50 loss) and collected the full premium! Let’s see if I get her 5-10% growth per month.
OK on to today. PPI came in hot. sharp drop to 667. and now we are basing. If we don’t get fast moves with volume in first 30 minutes, I may wait for 2:30-2:45pm today for the interest rate decsision. That is my normal process for FOMC day.
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: Survive 674 Breakdown Today
Premarket bounce tests key resistance—watch for failed breakout rejection.
Market Context
SPY premarket closed at 667.39 after ranging 667.06-674.70, sitting below pivot 671.09 and supports at 667.73. Last 5 days showed choppy action with multiple failed breakdowns below 670 and breakouts above 673 rejected at volume spikes. Bias leans bearish below 671.09, with potential range 667-674 if no catalyst breaks it.
