Rally into Turkey day or will we fade? -- Trade ideas for Thu Nov 26
Latest algo update yesterday predicted SPX 6770-6777 at 10:45am !! I'll be doing a lot of testing this holiday before incorporating, but wowza! massive implications.
We nailed yesterday’s action.
I alerted SPX 6730c entries at $5 with target exits of 15-25. hod was over $46!!!
So that pissed me off. I need to do better. So I went back and updated the algo based on some ideas I hadn’t incorporated yet. It needs more testing but At 10:15 it updated the targets for SPX to 6770-6775. Instead of selling at 25 from I, could have sold at 35 and 45. Instead of 400% gains i could have gotten closer to 600-900%! Good enough, for no stress, but, with round 2 planning, I could have taken 6760 calls for $1 around 2.30 for over 1000% gain.
SPY/SPX VIDEO
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Plan for Wed Nov 26
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: Navigate Today’s Choppy Waters
Spot reversals at 673.13 pivot for quick gains
Market Context
SPY has been grinding higher in a volatile range over the past week, closing at 675.01 on November 25 after a late-session push. The chart shows a tight consolidation pattern around the 673-676 area, with multiple failed attempts to break lower during the afternoon session, suggesting building support. Overall bias leans neutral to bullish, as buyers defended the 673.13 pivot multiple times amid light premarket volume. Watch for a potential failed breakdown below this level, which could trigger a quick reversal, or a push toward resistance if volume picks up at the open.
Key Events Today
No major economic releases or Fed speeches scheduled. Tomorrow is a holiday. Expecting Volume to die off by noon.