SPY bounced of Pivot to new highs. Trade Ideas for Thu Oct 09
Sorry, yesterday I missed the idea for the long off the Pivot, but we still managed to plan a handful of 100-200% gainers.
I got a bit too patient yesterday and missed a nice 500% payout but hey we still got 2 200% and one 100% payer!I
What I didn’t discuss in the video review is why I got a little complacent. It was because of my swing long AMD. I started in last week and a few on dips and then was wrecked thinking I must have been wrong. I wasn’t wrong, I was just 1 day earlier.
Check out the wild ride my AMD 220c and 225c calls did . I alerted AMD 220 and 225c on Tuesday to THT PRO members after the upgrades that a short squeeze was imminent. my overall target 235-245. AMD hit 244 overnight.
VIDEO LESSON/REVIEW of SPY/SPX:
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
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Plan for Thu Oct 9
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.
Pre-Market Surge: Secure Your Edge Now
SPY opens above pivot amid quiet catalysts, eyeing resistance tests for reversal plays.
Market Context
SPY’s premarket close stands at 673.05, positioning above the pivot at 672.0 after a steady climb from Friday’s 672.95 close. The last five days show a bullish bias with higher highs, including a multi-day peak near 673.21, but repeated tests of 670.0 support suggest potential for failed breakouts if momentum fades. Volume has been consistent, with spikes during intraday reversals, pointing to range-bound action unless breached.
Key Events Today
No major events scheduled today, potentially leading to range-bound action.