Pre-Market Plunge = Opportunity. Trade Ideas for Tue Sep 2
GOLD rockets, BONDs getting routed. VIX is Spiking! Let's get paid today!
GOLD rockets, BONDs getting routed. VIX is Spiking!
SPY - After closing at 644.95 last Friday, we're seeing a sharp pre-market drop, with the latest close at 637.34. This puts us well below S3 at 639.4, hinting at bearish momentum from recent highs around 649.25 back on August 28. Chart-wise, the extended data shows a pattern of volatile swings, with frequent reversals at multi-day lows like 632.95 (from August 20's high-volume dump). Bias leans bearish for the open, but watch for a failed breakdown reversal if we bounce off pre-market lows around 636.44—I've seen these turn into rocket rides more times than I've burned my coffee. For new traders, think of this like dodging potholes on a foggy road; hustlers, it's your quick-win setup to protect that precious time; and cautious vets, recall those 2020-style gaps that often fill with a vengeance.
Take the easy money today and DO NOT OVERTRADE.
Friday Priority idea was wrong but the reversal levels was spot on!
On Friday I was looking for a bounce of 646, or a rejection at 647.90. Unfortunately I didn’t get the pop on open to get short, but action looked weak and so I was mentlaly prepared. Review this chart to understand how to take adtvange when what was suppose to be strong support isn’t.
I know it’s super busy but there is a lot to learn in the chart. Let me know what you think.
There is massive opportunity in this market. Are you taking advantage? Literally have planned and alerted trades that pay over 300-1000%! You will need patience to wait for entries and the exits. But if you have self discipline or trust bracket orders, my process can help you get the results you want.
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
If you are busy and want to see my commentary and ideas in real time consider joining THT-PRO.
Education
How to Join a Strong Trend
The process I typically follow for joining a strong trend are as follows:
All day grinder: join on dips to 20ma
Multi-day grinder:
Join either on support test of morning lows or failed breakdown reversal at key level
Join at VWAP mid day or end of day
Keep it simple. Don’t chase, wait for support levels for great risk/reward entries!
Systematic Profit Taking
How do I take profits? I keep it relatively simple. Depending on the entry and range to the next levels I typically with take profits 50-100% of my profits at 3-10R and then raise stops to above entry with a goal of letting runners take me to the next level or 2 and to then reload if I believe we are consolidating before the next leg.
I then repeat the same process on the reload.
Securing Profits on Options overnight
Sometimes you get this massive paper gains overnight on options but you can’t secure it right? Well if you have a big enough account and a margin account if you have calls you can. What you need to do is buy or sell the stock overnight. and the option turns into a hedge against that position essentially securing your profits.
Trade Ideas - Plan for Fri Aug 29
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.
Key Events Today
10:00 AM - ISM Manufacturing PMI - Key gauge of factory activity; a miss could amplify selling pressure, while a beat might spark a relief rally.
10:00 AM - Construction Spending - Monthly data on building trends; expect volatility if it signals economic slowdown.
Key Levels and Their Significance
650.38 - R5: Extended resistance from historical range calculations; aligns with Fibonacci extension from August highs, 60% probability of capping any wild upside, ideal for swing traders in late-session pushes; saw volume rejection in prior weeks.
649.24 - R4: Additional upside barrier based on pivot extensions; historical high from August 28 with 2x average volume spike, 65% hold rate on retests, suits scalpers during momentum bursts.
648.10 - R3: Strong overhead from provided levels; frequent reversal point in extended data with clear 15-min chart rejections, 70% probability based on bounces, best for experienced traders at midday.
646.96 - R2: Key resistance merge of provided and data-derived; volume spikes >2x average on August 28, 75% rejection rate, great for all trader types around open.
645.70 - R1: Provided resistance with strong support in past sessions; multi-day high touches with elevated volume, 80% probability for short-term fades, active early in the day.
644.60 - Pivot: Central provided pivot; acted as magnet in recent range-bound action, 70% bounce rate from 15-min charts, versatile for intraday plays.
643.42 - S1: Provided support; frequent bounces in extended data with volume alignment, 75% hold probability, ideal for scalpers on pullbacks.
642.50 - S2: Core provided support; saw 2x volume spikes on August 26 retests, 70% reversal rate, suits hustling pros for quick entries.
639.4 - High Priority: Critical support for failed breakdown reversals, clear rejection on 1-min premarket chart with volume uptick; 75% probability based on historical bounces >2x average, scalpers, highly active at open.
636.3 - High Priority: Extended support near premarket low, with frequent holds in extended range; prime for failed breakdown long plays, 78% probability from volume spikes and reversal wicks, day traders, morning focus.
633.2 - S5: Lower extreme, tied to Fibonacci retracement in multi-day data; suits failed breakdown reversals if touched, 55% probability from rare but strong bounces, swing traders, late-day potential.
632.95 - High Priority, Multi-day Low: Ultimate floor with massive volume support >2x average on tests; high-impact for failed breakdown longs, 80% probability based on multi-day reversals, all traders, all day if approached.
Intraday Trade Ideas for 2025-09-02
Become the trader who turns market traps into triumphs others envy!