SPY Bears Take a Rest Day - And Start Selling Overnight. Trade Ideas for Tue Oct 14
My game was off yesterday. It was tough to execute with all the mixed signals. Turns out my instincts were right but I second guessed myself and missed out on 900% gainer!
Yesterday’s chop was tough but the big payday play I was looking for… well I missed it. Had to settle for 100-200% payers and not get the 900%. But with the chopped ended the day red :(
SPY/ SPY Video Lesson/Review
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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
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Plan for Tue Oct 14
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 Alert: Guard Your Gains Today
Premarket dips signal reversal opportunities near key supports amid ongoing volatility.
Market Context
SPY has shown choppy rangy action over the last five trading days, with a multi-day high of 673.95 on October 9 and low of 646.20 on October 10, reflecting failed breakout attempts above 673 and breakdowns below 655. The previous day’s close was 662.96, but premarket trading has pushed the latest close to 656.88, positioning it below the pivot at 661.52 and testing support zones. This suggests a bearish bias short-term, with potential for failed breakdown reversals if volume picks up at lower levels.
Key Events Today
No major events scheduled today, potentially leading to range-bound action.
Powell I heard is speaking at 12:20pm