Shield Your Portfolio from SPY's Pivot Plunge! Trade Ideas for Mon Sep 22
Friday I said I was looking for 500%+ trade and we got 1000%! from my TOP IDEA. Learn EXACTLY how I use RSI, VOLUME, and ADX to know how to time SPX 0DTE trades.
Friday’s Top Idea
After lunch, this idea played out to perfection. Learn how in today’s video.
VIDEO LESSON of SPY/SPX Trade Ideas
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
If you are busy and want to see my commentary and ideas in real time consider joining THT-PRO.
Plan for Mon Sep 22
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.
Market Context
SPY is showing consolidation after last week's volatility, with premarket trading forming a tight range around 661-662 and a clear rejection at 662.11, suggesting potential for a failed breakout reversal if resistance holds. The latest premarket close is 661.86, positioned below the pivot at 662.57 and just above key support at 660.58, indicating a slight bearish bias at open but with room for bullish reversal on volume spikes.
Key Events Today
No major events scheduled today, potentially leading to range-bound action.
Key Levels and Their Significance
672.31: Project R3
667.44: Projected R2
665.45 - Could be touched today if bulls take control.
662.57 - High Priority: Pivot, likely to be touched today; central level with multiple bounces and 2x average volume, 80% probability
660.58 - High Priority: Support, likely to be touched today; strong price action support with reversal patterns, 70% probability from volume spikes, key for intraday reversals.
657.70: Support, medium priority; multi-day low with clear rejection, 65% probability based on Fibonacci alignment, suited for swing traders.
652.83: Support, low priority; extended low with infrequent touches but high volume, 55% probability, active later in the day if breakdown occurs.
Tips for Recognizing When a Trade Idea Is in Play
Volume Confirmation: Look for a spike >2x average at the level to signal reversal strength.
Candle Rejection: Watch for pin bars or doji candles rejecting the level on 1-min charts.
Price Action Proximity: Ensure price is within 0.5% of the level before entry.
Momentum Shift: Check for RSI divergence indicating weakening trend at supports/resistances.
Time of Day Alignment: Focus on open or close for higher liquidity at key levels.
Cross-Level Validation: Confirm with nearby levels for added confluence before trading.