SPY Alert: Guard Gains Amid Premarket Dip -- Trade Ideas for Thu Oct 30
Edge spots 400% gainer!
SPX Trades based on price action yesterday! What a day! we took 6850 and 6835 puts. The willd thing.. Edge scanner caught the 6835 bids at $2 before they ran to $10+!!!! (30 minutes before the move happened)
End of day it also caught buying in SPX 6885c which squeeze hard into the close!
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 Wed Oct 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.
Premarket signals potential failed breakdown at support, offering reversal edge for prepared traders.
Market Context
SPY closed at 686.48 on October 29 after a volatile session with highs near 689.70 and lows at 683.23, showing rejection at recent resistance before fading. The latest premarket close is 683.76, positioning below the pivot at 686.25 and testing support zones, suggesting a bearish bias with risk of further downside unless reversal patterns emerge. Multi-day data reveals choppy action with volume spikes during intraday swings, but no clear breakout above 689.70, pointing to range-bound trading unless key levels hold.